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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $269.96
- 2 Days on Market
- MLS # : 2271481
- Updated Date : 02/21/2021 at 00:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,593 sqft
- Baths : 2 full
Listing Agent
1844 Properties Llc
Listing Agent's Description
Immaculate 1 story in the heart of Green Valley Ranch located in gated community walking distance from Bob Miller Middle School. Easy bike ride to GVR Casino/Hotel, The District, Whole Foods & more! Anderson Provia doors, custom surround sound/media closet, 10 ft ceilings, drapery and rods included, upgraded bathrooms, gourmet kitchen, water softener, RO system, custom outdoor kitchen w/ gas grill, covered patio, fire pit, string lighting, plushly landscaped, front and back! Mood is set for outdoor lovers! Prestigious school district, endless neighborhood amenities!
SEE MORE
- 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: Green Valley Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$2,431 |
| Property Tax | -$328 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$706
|
||
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.
$699,999
PROJECTED PRICE
$2,250
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$191,250
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $175,000 |
| Loan Amount | $524,999 |
1.25
YEARS SAVED
$3,780
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,288
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
2391 Goldfire Circle Henderson, NV 3
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- Rent
- Rent Per SQFT
- $2,250
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2260 Early Frost Avenue Henderson, NV 1
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712 Waltham Hills Street Henderson, NV 2
- 5 beds 3 baths ∙ 2,441 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,441 Sqft ∙ Built 2004
LEASED 09/08/20- Rent
- Rent Per SQFT
- $2,100
- $0.86
-
2482 Silver Beach Drive Henderson, NV 4
- 4 beds 4 baths ∙ 2,586 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,586 Sqft ∙ Built 2000
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,395
- $0.93
-
2603 Earthen Mesa Terrace Henderson, NV 5
- 5 beds 3 baths ∙ 2,679 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,679 Sqft ∙ Built 2002
LEASED 08/06/20- Rent
- Rent Per SQFT
- $2,525
- $0.94
PROPERTY LISTING DETAILS
1.702.496.0219
1844 Properties Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271481
Last Updated: 02/21/2021
