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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $164.91
- 8 Days on Market
- MLS # : 2255487
- Updated Date : 12/16/2020 at 15:40
CONSTRUCTION
- Beds : 5
- Floor Size : 4,851 sqft
- Baths : 3 full , 1 half
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Gorgeous Home located in the heart of Henderson ~ Spacious living room with vaulted ceilings ~ Large family room with wet bar area ~ Spacious loft with a theater and pool table for entertainment ~ 5 total bedrooms with 1 downstairs ~ Lush backyard and custom pool with rock water slide and spa ~ Artificial turf throughout the front and backyard ~ Huge oversized lot over 1/3 of an acre ~ Rolladen rolling shutters for Protection, security, and energy efficiency ~ Gated Community ~ and much more ~
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 | $3,680 |
| EXPENSES | Loan Payment | -$2,952 |
| Property Tax | -$484 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$4
|
||
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.
$799,999
PROJECTED PRICE
$3,680
PROJECTED RENT
0.46%
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
$217,750
LOAN DETAILS
$2,952
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $200,000 |
| Loan Amount | $599,999 |
5.92
YEARS SAVED
$63,666
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,680
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$3,687
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
2092 Sutton Way Henderson, NV 5
- 5 beds 4 baths ∙ 4,851 Sqft ∙ Built 1990 5 beds 4 baths ∙ 4,851 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $3,680
- $0.76
-
2453 Ping Drive Henderson, NV 1
- 4 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996 4 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996
LEASED 01/27/20- Rent
- Rent Per SQFT
- $3,395
- $0.73
-
2405 Ping Drive Henderson, NV 2
- 6 beds 4 baths ∙ 4,636 Sqft ∙ Built 1997 6 beds 4 baths ∙ 4,636 Sqft ∙ Built 1997
LEASED 03/27/20- Rent
- Rent Per SQFT
- $3,500
- $0.75
-
2421 Tour Edition Drive Henderson, NV 3
- 5 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996 5 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996
LEASED 11/27/20- Rent
- Rent Per SQFT
- $3,600
- $0.78
-
2408 Tour Edition Drive #0 Henderson, NV 4
- 5 beds 5 baths ∙ 4,621 Sqft ∙ Built 1992 5 beds 5 baths ∙ 4,621 Sqft ∙ Built 1992
LEASED 11/24/20- Rent
- Rent Per SQFT
- $3,600
- $0.78
PROPERTY LISTING DETAILS
1.702.803.6656
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255487
Last Updated: 12/16/2020
