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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $196.19
- 3 Days on Market
- MLS # : 2270999
- Updated Date : 02/20/2021 at 23:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,784 sqft
- Baths : 2 full
Listing Agent
Rooftop Realty
Listing Agent's Description
WELCOME HOME! This well-maintained 1 story home includes 3 Bedrooms, 1 Den/Multi-Purpose room, 2 Bathrooms, 2-car garage and solar panels. Located in the heart of Green Valley, near parks, walking trails, shopping and the 2-15, the home boasts a spacious OPEN floor plan great for entertaining, cathedral ceilings, ample storage throughout and sits on a large lot with a covered patio and large backyard. Kitchen, upgrades include custom, soft close cabinets; Anderson door and window; updated island; and updated appliances. This home also includes an updated 2nd bathroom, jet tub in the primary bathroom, upgraded door leading to patio in the primary bedroom, and cabinets in the garage. Bedrooms located on opposite side from living area for added privacy when entertaining guests. A must see!
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 North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$194 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$20
|
||
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.
$350,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
6.25
YEARS SAVED
$24,818
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,606
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1995
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- Rent
- Rent Per SQFT
- $1,610
- $0.90
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LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,550
- $0.90
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214 Mazatlan Street Henderson, NV 2
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LEASED 07/18/20- Rent
- Rent Per SQFT
- $1,550
- $0.90
-
1837 Candle Bright Drive #0 Henderson, NV 3
- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1992
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
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1733 Buttermilk Drive Henderson, NV 5
- 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 1997
![property image]()
LEASED 12/28/20- Rent
- Rent Per SQFT
- $1,650
- $0.90
PROPERTY LISTING DETAILS
1.702.970.6351
Rooftop Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270999
Last Updated: 02/20/2021
