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2365 Florindo Walk Henderson, NV 89044

3 Beds 2 Baths 1,955 sqft Built 2013

$435,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $222.51
  • 3 Days on Market
  • MLS # : 2269291
  • Updated Date : 02/13/2021 at 07:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,955 sqft
  • Baths : 2 full
Listing Agent

Hanley Realty Group

Listing Agent's Description

Beautiful highly UPGRADED Single-Story home located in the coveted Inspirada neighborhood! This dream kitchen comes equipped with Shaker Cabinets, a large island for entertaining, granite counter tops, and high-end Stainless Steel appliances & hood system. The owners suite bathroom has a relaxing SPA like feel with its gorgeous quarts counters, seamless glass shower & soaker tub. The home is just down the street from one of the many parks in Inspirada & near neighborhood shopping! It has convenient access to community amenities such as: pools, splash pads, dog parks, community parks and more! Don’t miss out on this beautiful move-in ready Inspirada home!

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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,511
Property Tax -$286
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$121

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.

$435,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,767

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,867

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7253$1,8004$1,8005$1,860
$1,860
RENT COMPS ANALYSIS
  • 2365 Florindo Walk Henderson, NV 5
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.95
    •  
  • 2348 Via Firenze Henderson, NV 1
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2013
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
  • 2366 Via Firenze Henderson, NV 2
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2013
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.95
    •  
  • 2381 Via Firenze Henderson, NV 3
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2015
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 2339 Via Alicante Henderson, NV 4
    • 3 beds 3 baths ∙ 1,873 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,873 Sqft ∙ Built 2013
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Megan Hanley
1.928.486.5032
Hanley Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269291
Last Updated: 02/13/2021
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