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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $203.87
- 4 Days on Market
- MLS # : 2269675
- Updated Date : 02/13/2021 at 18:36
CONSTRUCTION
- Beds : 4
- Floor Size : 1,913 sqft
- Baths : 1 full
Listing Agent
Reiss Properties
Listing Agent's Description
BEAUTIFUL ONE STORY 4 BEDROOM 2 BATH HOME IN GREEN VALLEY PARK**4TH BEDROOM HAS GLASS PANE DOORS & CLOSET WITH SHELVING-(COULD BE REALLY NICE OFFICE OR DEN)**HARDWOOD & CUSTOM CERAMIC TILE & TRAVERTINE FLOORING**3 BEDROOMS HAVE LUSH CUSTOM CARPET**OPEN TO FAMILY ROOM KITCHEN HAS GRANITE COUNTERS, HUGE WALK IN PANTRY, PAINTED CABINETS & GRANITE COMPOSITE SINK TO MATCH**SEPARATE LIVING, DINING & FAMILY ROOMS**TEXTURED WALLS, CEILING FANS, BRICK FIREPLACE, WHITE FAUX WOOD BLINDS**HALL BATH HAS MAPLE VANITY WITH DUAL SINKS & TRAVERTINE BACK SPLASH & FLOOR WITH CUSTOM TILE COUNTERS & SHOWER**PRIMARY HAS SEPARATE MAPLE VANITIES WITH GORGEOUS CULTURED MARBLE & BIG CUSTOM TILE SHOWER STALL & SLIDER TO BACK YARD**LARGE PRIMARY ROOM WITH WALK IN CLOSET**BIG PATIO IN BACK & EASY CARE YARD**SEPARATE LAUNDRY ROOM WITH LOTS OF STORAGE***NO HOA!!***MUST SEE THIS VERY WARM QUAINT HOME**
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Green Valley North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$163 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$49
|
||
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.
$390,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
6.58
YEARS SAVED
$30,790
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,765
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
1824 Nuevo Road Henderson, NV 2
- 4 beds 1 baths ∙ 1,913 Sqft ∙ Built 1981 4 beds 1 baths ∙ 1,913 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,750
- $0.91
-
1712 La Cruz Drive Henderson, NV 1
- 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1989
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,600
- $0.89
-
343 Nuevo Court Henderson, NV 3
- 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1985
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,800
- $0.91
-
262 Jovita Court Henderson, NV 4
- 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 1990
LEASED 08/29/20- Rent
- Rent Per SQFT
- $1,845
- $0.88
-
1916 Guinn Drive Henderson, NV 5
- 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1989
LEASED 09/12/20- Rent
- Rent Per SQFT
- $1,950
- $1.01
PROPERTY LISTING DETAILS
1.702595=9151
Reiss Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269675
Last Updated: 02/13/2021
