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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $199.54
- 2 Days on Market
- MLS # : 2256853
- Updated Date : 12/19/2020 at 19:39
CONSTRUCTION
- Beds : 5
- Floor Size : 3,503 sqft
- Baths : 3 full , 1 half
Listing Agent
Wardley Real Estate
Listing Agent's Description
WELCOME HOME TO THIS BEAUTY NESTLED IN GATED COMMUNITY IN GREEN VALLEY RANCH. LOCATION, LOCATION, LOCATION!! WALKING DISTANCE TO PARKS, SCHOOLS AND GREEN VALLEY RANCH! EXPANSIVE PRIVATE PARK-LIKE BACK YARD WITH SPARKLING POOL. THE BACKYARD ALSO BOASTS A COVERED PATIO. PERFECT FOR ENTERTAINING OR A QUITE RETREAT. INSIDE THE HOME BOASTS HIGH CEILINGS, OPEN KITCHEN WITH GRANITE COUNTERTOPS. HIGH-END APPLIANCES, EVEN HAS A POT FILLER. THIS HOME HAS A FORMAL LIVING AND DINING ROOM, AS WELL AS A LARGE FAMILY ROOM WITH FIREPLACE. WOOD FLOORS. SHUTTERS THROUGHOUT. FRESHLY PAINTED. TWO BATHROOMS DOWNSTAIRS. SECONDARY BEDROOM WITH EN-SUITE, SIZE OF A 2ND MASTER! THIS HOME HAS TWO FIREPLACES TO WARM YOU UP. MASTER BEDROOM IS MASSIVE WITH DUAL-SIDED FIREPLACE BETWEEN BEDROOM AND BATHROOM. JUST BRING YOUR TOOTHBRUSH! THIS HOME SHOWS TRUE PRIDE IN OWNERSHIP!
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 | $3,240 |
| EXPENSES | Loan Payment | -$2,579 |
| Property Tax | -$369 | |
| Property Insurance | -$95 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$78
|
||
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.
$699,000
PROJECTED PRICE
$3,240
PROJECTED RENT
0.46%
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
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
6.67
YEARS SAVED
$66,283
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,240
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$3,205
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
2007 Trailside Village Avenue Henderson, NV 3
- 5 beds 4 baths ∙ 3,503 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,503 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $3,240
- $0.92
-
292 Antelope Village Circle Henderson, NV 1
- 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1998
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,950
- $0.84
-
2060 Rawhide Village Court Henderson, NV 2
- 4 beds 3 baths ∙ 3,503 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,503 Sqft ∙ Built 1999
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,950
- $0.84
-
325 Rose Petal Court Henderson, NV 4
- 4 beds 2 baths ∙ 3,571 Sqft ∙ Built 1996 4 beds 2 baths ∙ 3,571 Sqft ∙ Built 1996
LEASED 07/15/20- Rent
- Rent Per SQFT
- $3,500
- $0.98
-
2021 Trailside Village Avenue Henderson, NV 5
- 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1996
LEASED 09/18/20- Rent
- Rent Per SQFT
- $3,500
- $1.00
PROPERTY LISTING DETAILS
1.702.265.5045
Wardley Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256853
Last Updated: 12/19/2020
