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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $235.91
- 3 Days on Market
- MLS # : 2249707
- Updated Date : 11/20/2020 at 19:24
CONSTRUCTION
- Beds : 3
- Floor Size : 2,200 sqft
- Baths : 2 full
Listing Agent
Keller Williams Market Place
Listing Agent's Description
BREATH TAKING OASIS IN THE HEART OF GREEN VALLEY. :) Tropical Landscaping, with Fountains, Umbrellas, Patios & Pool (Auto Cover) A Jewel for Entertaining or Just Relaxing in Paradise.. :) Bright, Spacious and Open. Elegant Custom Flooring & Base T/O. Designer Coated Concrete, Bamboo & Solid Woods. Complete Modernized-Upgraded Kitchen (All the Appliances) Flooring, Countertops and Cabinets (with soft close & pull outs). Great Room with Wet Bar, Custom Fireplace, Including the the Big Screen with Large Sliding Doors and Windows to the back Covered Patio. Elegant Primary Suite & Bath with all the amenities. Additional Extras Include: Custom Remote Ceiling Fans, Lighting, Primary Bedroom Built-In Automatic Humidifier, Anderson Windows, & Oversized Garage with Storage. PLUS MUCH MORE!!!!
SEE MORE
- 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: 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 | $2,080 |
| EXPENSES | Loan Payment | -$1,915 |
| Property Tax | -$272 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$296
|
||
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.
$519,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.40%
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
$143,285
LOAN DETAILS
$1,915
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $129,750 |
| Loan Amount | $389,250 |
3.25
YEARS SAVED
$16,177
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,909
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
2082 Sutton Way Henderson, NV 5
- 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,080
- $0.95
-
331 Santa Monica Drive Henderson, NV 1
- 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 1985
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,600
- $0.79
-
2059 Club Crest Way Henderson, NV 2
- 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1989
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,700
- $0.81
-
380 Legacy Henderson, NV 3
- 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1989
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,980
- $0.94
-
295 Comfort Drive Henderson, NV 4
- 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1989
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,995
- $0.93
PROPERTY LISTING DETAILS
1.702.595.7556
Keller Williams Market Place
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2249707
Last Updated: 11/20/2020
