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1758 Amarone Way Henderson, NV 89012

4 Beds 4 Baths 4,105 sqft Built 2006

$1,395,000

List Price

$4,190

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $339.83
  • 2 Days on Market
  • MLS # : 2260517
  • Updated Date : 01/09/2021 at 19:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,105 sqft
  • Baths : 4 full
Listing Agent

Congress Realty

Listing Agent's Description

Custom Modern Farmhouse with four bedrooms (Plus an office which can be converted to a 5th room) and four bathrooms conveniently located in the guard gated neighborhood (Roma Hills) House was fully renovated inside and out. Its boasts a new kitchen, custom staircase, luxury ceiling fans, an LED Fireplace, New Laundry Room, bathrooms, floors, paint, fixtures, counter tops, vanities appliances, and the list goes on & on.

SEE MORE

MARKET HIGHLIGHTS

  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10802532

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Foothill High School High Regular 2,883 109 7

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$1,255,500$1,534,500$1,395,000

PURCHASE PRICE

$3,771$4,609$4,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,190
EXPENSES Loan Payment -$4,845
Property Tax -$745
Property Insurance -$107
Property Management Fees -$119
CASH FLOW
-$1,626

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,395,000

PROJECTED PRICE

$4,190

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$375,425

INVESTMENT

$375,425

Down Payment
$348,750
Rehab Estimate
$5,750
Closing Costs
$20,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,845

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $348,750
Loan Amount $1,046,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$2,338

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,190

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,992

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$4,0003$4,0004$4,1905$4,300
$4,300
RENT COMPS ANALYSIS
  • 1758 Amarone Way Henderson, NV 4
    • 4 beds 4 baths ∙ 4,105 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,105 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,190
    • $1.02
    •  
  • 1289 Vietti Street Henderson, NV 1
    • 5 beds 5 baths ∙ 3,975 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,975 Sqft ∙ Built 2006
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.93
    •  
  • 1459 Foothills Village Drive Henderson, NV 2
    • 5 beds 3 baths ∙ 4,107 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,107 Sqft ∙ Built 2005
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.97
    •  
  • 1308 Calle Cantar Henderson, NV 3
    • 4 beds 3 baths ∙ 4,071 Sqft ∙ Built 2002 4 beds 3 baths ∙ 4,071 Sqft ∙ Built 2002
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.98
    •  
  • 1701 Cypress Manor Drive Henderson, NV 5
    • 5 beds 4 baths ∙ 4,265 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,265 Sqft ∙ Built 2000
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jared A English
1.888.229.2009
Congress Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260517
Last Updated: 01/09/2021
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