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2424 Taragato Avenue Henderson, NV 89052

6 Beds 3 Baths 2,874 sqft Built 2001

$499,999

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $173.97
  • 11 Days on Market
  • MLS # : 2258043
  • Updated Date : 01/16/2021 at 05:12
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,874 sqft
  • Baths : 3 full
Listing Agent

Re/max Unlimited

Listing Agent's Description

Wonderful and rare 6 bedroom home located at Coventry in Anthem. Open kitchen to family room with fireplace. Kitchen has granite countertops, backsplash, Island, stainless steel appliances, recessed lighting and garden window. This home features one large bedroom and full bath downstairs that has it's own separate entrance. The owners suite is on the second floor. It has a balcony where you can enjoy beautiful views of the mountains and a partial strip views. The owner's bath has new laminate flooring, newly refinished cabinets and a large walk-in closet. There is a large bedroom on the 3rd floor with a walk-in closet and loft area with a 3/4 bath. It's like it's own apartment. Beautifully landscaped with artificial grass in the front and mature landscaping. Low HOA dues. Appliances included. Ceiling fans through-out. The community has parks, greenbelts & walking trails.

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: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k608k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802696

* 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
Frank Lamping Elementary School Primary Regular 705 38 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Frank Lamping Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 38
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$449,999$549,999$499,999

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,737
Property Tax -$295
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
$126

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.

$499,999

PROJECTED PRICE

$2,360

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 4.7%
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

PROJECTED ANNUAL CASH FLOW

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

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$45,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,536

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,360
1$2,3602$2,5003$2,5954$2,6955$2,695
$2,695
RENT COMPS ANALYSIS
  • 2424 Taragato Avenue Henderson, NV 1
    • 6 beds 3 baths ∙ 2,874 Sqft ∙ Built 2001 6 beds 3 baths ∙ 2,874 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.82
    •  
  • 1717 Sabatini Drive Henderson, NV 2
    • 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 2891 Caxton Grove Drive Henderson, NV 3
    • 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.92
    •  
  • 744 Barnegat Bay Henderson, NV 4
    • 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.85
    •  
  • 2815 Shining Sun Henderson, NV 5
    • 5 beds 2 baths ∙ 3,059 Sqft ∙ Built 2015 5 beds 2 baths ∙ 3,059 Sqft ∙ Built 2015
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kendra Rich
1.702.403.7933
Re/max Unlimited
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258043
Last Updated: 01/16/2021
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