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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $256.74
- 4 Days on Market
- MLS # : 2249487
- Updated Date : 11/20/2020 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,895 sqft
- Baths : 3 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
Located on an interior third of an acre lot in Green Valley’s premier guard gated neighborhood “The Fountains”. Travertine entry and wood floors in high traffic areas, carpeting in bedrooms. Stainless steel appliances, granite counters, island and floor to ceiling windows adorn the gourmet kitchen. Upgraded primary bathroom with steam. Entertainers dream yard has refreshing pebble tech and stone accent pool and spa, stone wrapped built-in Bar-B-Que and stamped concrete.
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 | $3,150 |
| EXPENSES | Loan Payment | -$3,690 |
| Property Tax | -$465 | |
| Property Insurance | -$103 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,226
|
||
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.
$1,000,000
PROJECTED PRICE
$3,150
PROJECTED RENT
0.32%
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
$270,750
LOAN DETAILS
$3,690
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $250,000 |
| Loan Amount | $750,000 |
0.58
YEARS SAVED
$2,344
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,150
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$3,262
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2254 Buckingham Court Henderson, NV 3
- 4 beds 4 baths ∙ 3,895 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,895 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $3,150
- $0.81
-
2447 Ping Drive Henderson, NV 1
- 5 beds 4 baths ∙ 3,547 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,547 Sqft ∙ Built 2000
![property image]()
LEASED 01/14/20- Rent
- Rent Per SQFT
- $2,795
- $0.79
-
2467 Ping Drive Henderson, NV 2
- 4 beds 4 baths ∙ 3,642 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,642 Sqft ∙ Built 1996
![property image]()
LEASED 01/21/20- Rent
- Rent Per SQFT
- $3,075
- $0.84
-
2440 Legacy Island Circle Henderson, NV 4
- 5 beds 3 baths ∙ 3,988 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,988 Sqft ∙ Built 1996
![property image]()
LEASED 11/20/19- Rent
- Rent Per SQFT
- $3,200
- $0.80
-
2223 Versailles Court Henderson, NV 5
- 4 beds 4 baths ∙ 3,799 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,799 Sqft ∙ Built 1989
![property image]()
LEASED 04/17/20- Rent
- Rent Per SQFT
- $3,495
- $0.92
PROPERTY LISTING DETAILS
1.702.296.2254
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2249487
Last Updated: 11/20/2020
