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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $273.84
- 3 Days on Market
- MLS # : 2269877
- Updated Date : 02/13/2021 at 20:50
CONSTRUCTION
- Beds : 2
- Floor Size : 1,311 sqft
- Baths : 2 full
Listing Agent
Jac Grace Realty
Listing Agent's Description
Lovely home in gated community in highly desirable Green Valley Ranch, located next to Paseo Verde Park and within walking distance of tennis courts, library, multi generational center, shopping, and more. Home is bright, light, and airy with intimate and private entry alcove. Vaulted ceilings, plantation shutters and ceiling fans thru-out. Original owner has kept this home in mint condition. Cozy den/office shares 2-way fireplace with living room. Beautiful and serene, fully landscaped backyard with built-in BBQ, fountain, and water fall; access backyard from sliding doors off living room and master bedroom. Covered patio (furniture is included) with no one behind. Community features swimming pool, spa, and BBQ area.
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 Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,247 |
| Property Tax | -$181 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$109
|
||
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.
$359,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$100,885
LOAN DETAILS
$1,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,750 |
| Loan Amount | $269,250 |
4.42
YEARS SAVED
$15,522
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$1,491
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
1836 Stablegate Avenue Henderson, NV 2
- 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,490
- $1.14
-
260 Redwing Village Court Henderson, NV 1
- 2 beds 2 baths ∙ 1,282 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,282 Sqft ∙ Built 1997
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LEASED 12/17/20- Rent
- Rent Per SQFT
- $1,450
- $1.13
-
1742 Franklin Chase Terrace Henderson, NV 3
- 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 2000
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,625
- $1.15
-
1840 Stablegate Henderson, NV 4
- 2 beds 2 baths ∙ 1,460 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,460 Sqft ∙ Built 1999
![property image]()
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,650
- $1.13
-
54 Durango Station Drive #0 Henderson, NV 5
- 2 beds 2 baths ∙ 1,453 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,453 Sqft ∙ Built 1996
![property image]()
LEASED 01/13/21- Rent
- Rent Per SQFT
- $1,650
- $1.14
PROPERTY LISTING DETAILS
1.702.595.3354
Jac Grace Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269877
Last Updated: 02/13/2021
