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222 Via Del Salvatore Henderson, NV 89011

3 Beds 3 Baths 2,043 sqft Built 2017

$525,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $256.98
  • 3 Days on Market
  • MLS # : 2253645
  • Updated Date : 12/04/2020 at 18:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,043 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas Born Real Estate Service

Listing Agent's Description

Gorgeous views of the strip, mountains and the city in this single story home in Tuscany's guard gated community. Build in 2017, this 3 bedroom 2 1/2 bath home shows like a model. Featuring gourmet kitchen w/ stainless steel appliances, granite countertops with a large island, double ovens and a microwave drawer. Primary room includes walk-in closet w/ ensuite w/ double sinks, separate shower and soaking tub. Upgraded tile throughout the home with NO carpet anywhere. Tuscany Village recreation Center is a 35,000 square-foot facility that offers state-of-the-art amenities for all residents included in the HOA fee. Including indoor and outdoor basketball courts, Tennis and Racquetball courts, Resort Style pool and Lap pool and a fully equipped fitness center with group classes available. There are multiple meeting rooms available including a Billiard room, library and an outdoor playground. Chimera Golf Course is the privately-owned golf course within the Tuscany Village Community.

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MARKET HIGHLIGHTS

  • 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: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

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

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802043

* 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
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

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

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,937
Property Tax -$325
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$528

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.

$525,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,931

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8103$1,9204$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 222 Via Del Salvatore Henderson, NV 3
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.94
    •  
  • 529 Via Cenami Henderson, NV 1
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2005
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 129 Country River Avenue Henderson, NV 2
    • 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2014
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.95
    •  
  • 254 Via Franciosa Drive Henderson, NV 4
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 496 Punto Vallata Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2015
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
PROPERTY LISTING DETAILS
Crystal G Elijah-ramos
1.702.353.0921
Vegas Born Real Estate Service
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253645
Last Updated: 12/04/2020
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