Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2120 Via Firenze Henderson, NV 89044

3 Beds 3 Baths 1,674 sqft Built 2016

INVESTimate

$335,000

List Price

$1,700

$1,530 - $1,870

Rent Est.

$358,015  ( +6.87%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $200.12
  • 7 Days on Market
  • MLS # : 2223879
  • Updated Date : 08/23/2020 at 16:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,674 sqft
  • Baths : 2 full , 1 half
Listing Agent

Elite Home Finders

Listing Agent's Description

You'll love with this move-in ready Inspirada home! It's full of character & features 3 bedrooms, 3 bathrooms and nearly 1,700 sq ft of living space. The 1st floor is filled with lots of natural light, tile floors, and a powder room. Tile floors continue into the kitchen where you'll find an enlarged bar that sits 4. The kitchen dazzles and has the cabinet space that you crave, along with granite counter tops, custom back splash and upgraded appliances. Upstairs you'll find large bedrooms, including the Master Suite, featuring dual sinks and tons of closet space. Side yard is complete with pavers & an herb garden. This clean, cared-for home is surrounded by parks for your enjoyment. Exclusive to Inspirada residents, you can zen at yoga class, grab a cup of joe at the coffee shop. Plus community activities & bi-monthly farmers market. Conveniently located 15 mins from the airport & the Strip, near top-rated restaurants, entertainment, shopping & the new Golden Knights practice facility.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Inspirada

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k376k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Inspirada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801998

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,236
Property Tax -$243
Property Insurance -$60
HOA -$285
Property Management Fees -$119
CASH FLOW
-$242

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.

$335,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.87%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,195

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,700

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7004$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 2120 Via Firenze Henderson, NV 4
    • 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 2048 Via Firenze #0 Henderson, NV 1
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2008
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 2089 Waterlily View Street Henderson, NV 2
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2010
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 2057 Via Firenze #2057 Henderson, NV 3
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 2010
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 3149 Delilah Place Henderson, NV 5
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2016
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Shauna R Gut
1.702.785.4255
Elite Home Finders
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223879
Last Updated: 08/23/2020
BESbswy