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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $199.47
- 6 Days on Market
- MLS # : 2272926
- Updated Date : 02/27/2021 at 16:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,880 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Terrific home in Paradise Hills area of Henderson! This 1880sqft home has plenty of space for your needs; with 3BRs, 3BAs, loft & office/den there is room for everyone. Nicely upgraded with wood laminate flooring, shutters, ceiling fans, granite counters in the kitchen and all appliances. Conveniently located near schools, parks, shopping and freeway access. This home is a must see. Tell your buyers to Get.Ready.To.Move!
SEE MORE
- 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)
- Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$239 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$144
|
||
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.
$375,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
3.92
YEARS SAVED
$13,457
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,589
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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187 Vine Cliff Avenue Henderson, NV 1
- 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,580
- $0.84
-
185 Azalea Springs Avenue Henderson, NV 2
- 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2006
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LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
1179 Lake Berryessa Street Henderson, NV 3
- 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 2005
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
624 Monument Point Street Henderson, NV 4
- 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2004
![property image]()
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,750
- $0.85
-
158 Cloud Cover Avenue Henderson, NV 5
- 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2006
![property image]()
LEASED 02/05/21- Rent
- Rent Per SQFT
- $1,750
- $0.85
PROPERTY LISTING DETAILS
1.702.219.3144
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2272926
Last Updated: 02/27/2021
