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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $157.14
- 7 Days on Market
- MLS # : 2248584
- Updated Date : 11/16/2020 at 14:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,641 sqft
- Baths : 2 full , 1 half
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Beautiful 2 story home in guard gated Tuscany. Downstairs has a large open floor plan. Living room is wired for surround sound. Kitchen has upgraded cabinets, granite countertops premium black stainless steel appliances INCLUDED. The back yard has a beautiful pergola with Italian lights inside makes for perfect entertaining on hot Vegas nights. All bathrooms are tile. Upstairs has a large loft. Large primary bedroom with high ceilings for a roomy feel. Schedule a viewing with your Realtor and this house is guaranteed to feel like home.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Calico Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Calico Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,030 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$334 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$32
|
||
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.
$415,000
PROJECTED PRICE
$2,030
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$115,725
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
5.5
YEARS SAVED
$29,299
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,030
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,251
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
246 Via Franciosa Drive Henderson, NV 2
- 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,030
- $0.77
-
278 Via Franciosa Drive Henderson, NV 1
- 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2006
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,900
- $0.72
-
964 Via Columbo Street Henderson, NV 3
- 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 2010
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,295
- $0.89
-
964 Via Vannucci Way Henderson, NV 4
- 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008
LEASED 03/21/20- Rent
- Rent Per SQFT
- $2,395
- $0.89
-
322 Via Del Salvatore Henderson, NV 5
- 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2018
LEASED 11/06/20- Rent
- Rent Per SQFT
- $2,465
- $0.91
PROPERTY LISTING DETAILS
1.702.786.9457
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248584
Last Updated: 11/16/2020
