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23 Cresta Villa Court Henderson, NV 89011

4 Beds 4 Baths 2,565 sqft Built 2020

$699,900

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $272.87
  • 1 Days on Market
  • MLS # : 2314331
  • Updated Date : 07/13/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,565 sqft
  • Baths : 3 full , 1 half
Listing Agent

Life Realty District

Listing Agent's Description

BEAUTIFUL LIKE NEW 4 BEDROOM AND 3.5 HOME LOCATED IN A GATED COMMUNITY WITHIN THE WELL SOUGHT AFTER AREA OF LAKE LAS VEGAS. SCENIC AND TRANQUIL WALKING TRAILS AND RECREATIONAL ACTIVITIES AND SHOPPING AND RESTAURANTS AT THE TOWN CENTER. OPEN FLOOR PLAN WITH UPGRADED FLOORING AND CUSTOM PAINT SCHEMES THROUGHOUT, CEILING FANS AND UPGRADED LIGHTING FIXTURES. NO EXPENSE HAS BEEN SPARED! . BEDROOM AND FULL BATH DOWN STAIRS, FORMAL DINIG ROOM AND FAMILY ROOM COMBINATION. GOURMET KITCHEN WITH QUARTZ COUNTER TOPS, MONOGRAM STAINLESS APPLIANCES WITH COOKTOP AND DOUBLE OVENS, CHARCOAL SHAKER CABINETS,TILE BACH SPLASH AND AN OVERSIZED ISLAND PERFECT TO ENTERTAIN FAMILY AND FRIENDS.UPSTAIRS HAS LOFT FOR PERFECT OFFICE,WORKOT OR SECONDARY FAMILY ROOM. PRIMARY BATH HAS WALK IN CLOSET DUAL SINKS AND SEPARATE SHOWER AND GARDEN TUB. PRIVATE REAR POOL SIZED YARD WITH 30' COVERED PATIO, JUST THE PERFECT PLACE TO RELAX AFTER A LONG VEGAS DAY WITH YOUR FAVORITE BEVERAGE.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k449k

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

Neighborhood: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10803087

* 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
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
8
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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,431
Property Tax -$408
Property Insurance -$77
HOA -$68
Property Management Fees -$119
CASH FLOW
-$573

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$699,900

PROJECTED PRICE

$2,530

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 3.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,474

INVESTMENT

$187,474

Down Payment
$174,975
Rehab Estimate
$2,000
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,256

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,828

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5303$2,6004$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 23 Cresta Villa Court Henderson, NV 2
    • 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,565 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.99
    •  
  • 4 Villa Ferrari Court #0 Henderson, NV 1
    • 3 beds 4 baths ∙ 2,383 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,383 Sqft ∙ Built 2006
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 123 Via Di Mello Henderson, NV 3
    • 5 beds 4 baths ∙ 2,451 Sqft ∙ Built 2011 5 beds 4 baths ∙ 2,451 Sqft ∙ Built 2011
    property image
    LEASED 07/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.06
    •  
  • 1115 Casa Palermo Circle Henderson, NV 4
    • 3 beds 4 baths ∙ 2,389 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,389 Sqft ∙ Built 2006
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.19
    •  
  • 20 Via Levanzo Henderson, NV 5
    • 4 beds 4 baths ∙ 2,710 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,710 Sqft ∙ Built 2019
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Robert Morganti
1.702.540.3775
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2314331
Last Updated: 07/13/2021
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