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2357 Florindo Walk Henderson, NV 89044

5 Beds 3 Baths 3,605 sqft Built 2013

$520,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $144.24
  • 2 Days on Market
  • MLS # : 2267828
  • Updated Date : 02/07/2021 at 04:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,605 sqft
  • Baths : 3 full
Listing Agent

Desert Sun Realty

Listing Agent's Description

AMAZING HOME LOCATED IN THE BEAUTIFUL INSPIRADA COMMUNITY THAT OFFERS MULTIPLE PARKS, POOLS, AND OUTDOOR LIVING AMENITIES! HOME OFFERS ONE OF THE BIGGEST FLOORPLANS IN THE AREA WITH OVER 3,600 Sq. Ft., 5 BEDROOMS,4 BATHS, PLUS HUGE LOFT. UPGRADES INCLUDE GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, TILE FLOORING, 9FT CEILINGS, AND MUCH MORE. BACKYARD IS PERFECT FOR ENTERTAINING WITH A COVERED PATIO AND PLENTY OF SPACE.

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: Sun City Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k397k

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

Neighborhood: Sun City Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802028

* 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
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,806
Property Tax -$378
Property Insurance -$97
Property Management Fees -$119
CASH FLOW
$300

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.

$520,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.1%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$63,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,839

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,7004$2,7005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2357 Florindo Walk Henderson, NV 4
    • 5 beds 3 baths ∙ 3,605 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,605 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.75
    •  
  • 3204 Del Terra Avenue #0 Henderson, NV 1
    • 4 beds 4 baths ∙ 3,622 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,622 Sqft ∙ Built 2012
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.69
    •  
  • 2633 Via Monet Henderson, NV 2
    • 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2018
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
  • 3225 Mist Effect Avenue Henderson, NV 3
    • 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2011
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.75
    •  
  • 2453 Final Stanza Court Henderson, NV 5
    • 4 beds 4 baths ∙ 3,520 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,520 Sqft ∙ Built 2019
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Dylan S Kennelly
1.702.610.8016
Desert Sun Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2267828
Last Updated: 02/07/2021
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