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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $212.27
- 2 Days on Market
- MLS # : 2253421
- Updated Date : 12/05/2020 at 08:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,842 sqft
- Baths : 1 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Gorgeous & remodeled single story in GV zoned for top schools! Completely remodeled, vinyl plank flrng thurout, freshly painted, new baseboards, new kitchen w soft close custom cabinets (not rebuilt), quartz counters & brkfast bar, GE stainless appliances, SS farm sink, a WOW kitchen! New HVAC (16 Seer) & New H20 heater. Separate lvng/fam rm w vaulted ceilings & tons of character & natral light! Fam rm includes FP & french door to bckyd. Master bdrm separate from others & walk-out to beautiful backyard from wall to wall slider! Remodeled master bth custom cabinet, sep tub & shower & walk-in closet. Cozy bdrm 3 w window facing front yard, walk-in closet & tons of natural light; Guest bdrm w vaulted ceiling. Remodeled 2nd bath w custom cabinet, quartz counter & huge walk-in shower! Walking out to fabulous yard, enjoy huge covered patio & enormous yard! Shed included. 2 car garage AND an enourmous driveway, fit for all toy vehicles! Water softener included; new water heater included!
SEE MORE
- 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)
- 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)
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 | $1,610 |
| EXPENSES | Loan Payment | -$1,443 |
| Property Tax | -$215 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$229
|
||
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.
$391,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.41%
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
$109,365
LOAN DETAILS
$1,443
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,750 |
| Loan Amount | $293,250 |
3.17
YEARS SAVED
$11,810
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,658
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
2144 Cimarron Hill Drive Henderson, NV 1
- 3 beds 1 baths ∙ 1,842 Sqft ∙ Built 1994 3 beds 1 baths ∙ 1,842 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,610
- $0.87
-
232 Geronimo Court #n/a Henderson, NV 2
- 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1988
LEASED 12/28/19- Rent
- Rent Per SQFT
- $1,650
- $0.88
-
240 Elkins Circle Henderson, NV 3
- 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1995
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,650
- $0.86
-
2241 Le Conte Henderson, NV 4
- 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1996
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,650
- $0.86
-
2113 Cimarron Hill Drive Henderson, NV 5
- 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1994
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,700
- $1.00
PROPERTY LISTING DETAILS
1.702.682.9360
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2253421
Last Updated: 12/05/2020
