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1793 Valenzano Way Henderson, NV 89012

4 Beds 3 Baths 4,337 sqft Built 2007

$1,295,000

List Price

$5,120

$4.9K - $5.4K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $298.59
  • 5 Days on Market
  • MLS # : 2249181
  • Updated Date : 11/20/2020 at 13:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,337 sqft
  • Baths : 2 full , 1 half
Listing Agent

Luxe Estates & Lifestyles Llc

Listing Agent's Description

STUNNING CUSTOM IN ROMA HILLS BUILT BY AN OWNER/CONTRACTOR.RICH,WARM, INVITING TRANSITIONAL DECOR MAKE THIS A BEAUTIFUL ENVIRONMENT TO CALL HOME.FOUR GOOD SIZED BEDROOMS,QUALITY UPGRADES AND OPEN SINGLE STORY SPACE. BEDROOM UPSTAIRS ACTS AS AN ATTACHED CASITA.INTERIOR AND EXTERIOR ACCESS. 4 CAR GARAGE WITH AMPLE STORAGE SPACE. YARD OFFERS SERENE ENVIRONMENT FOR PRIVATE AND SOCIAL ENTERTAINING

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$4,608$5,632$5,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,120
EXPENSES Loan Payment -$4,778
Property Tax -$744
Property Insurance -$111
Property Management Fees -$119
CASH FLOW
-$632

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.

$1,295,000

PROJECTED PRICE

$5,120

PROJECTED RENT

0.40%

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-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$47,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,120

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $4,066

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,9003$4,0004$4,3005$5,120
$5,120
RENT COMPS ANALYSIS
  • 1793 Valenzano Way Henderson, NV 5
    • 4 beds 3 baths ∙ 4,337 Sqft ∙ Built 2007 4 beds 3 baths ∙ 4,337 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $5,120
    • $1.18
    •  
  • 1384 Calle Calma #- Las Vegas, NV 1
    • 5 beds 4 baths ∙ 4,145 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,145 Sqft ∙ Built 2002
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.82
    •  
  • 2246 Via Cadoma Henderson, NV 2
    • 5 beds 4 baths ∙ 4,121 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,121 Sqft ∙ Built 2014
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.95
    •  
  • 1459 Foothills Village Drive Henderson, NV 3
    • 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
    •  
  • 1701 Cypress Manor Drive Henderson, NV 4
    • 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
Robert J Sibulkin
1.702.498.9115
Luxe Estates & Lifestyles Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249181
Last Updated: 11/20/2020
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