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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $239.66
- 2 Days on Market
- MLS # : 2243819
- Updated Date : 11/02/2020 at 20:48
CONSTRUCTION
- Beds : 3
- Floor Size : 2,249 sqft
- Baths : 1 full
Listing Agent
Synergy Sothebys Int'l Realty
Listing Agent's Description
This lovely home located in the Master Series of Henderson is not to miss. It has been totally upgraded from the remodeled kitchen with an extended granite island w/waterfall sides new sink, faucet, appliances,and cabinets. The fam. rm and kitchen have wood look tile flooring. The FR has a BI electric fireplace, BI shelves and a slider that leads out to the rear yard. The formal DR/LR are ample size and have tile floors.The master suite has had new carpeting installed, and the master bath has had a complete remodel with an over-size shower, double sinks and organized walk- in closet. The best part is that it is being sold as is with all the furniture, household items such as dishes, towels, TVs, and cookware. Seller is only taking the wall art and a few personal items.There is also a 3 car garage for extra storage. Great move in ready home. Buyers will be impressed with the amount of beautiful upgrades that have been done to this property. This home looks and feels just like a model.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,989 |
| Property Tax | -$301 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$610
|
||
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.
$539,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.9% |
| 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
$148,585
LOAN DETAILS
$1,989
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $134,750 |
| Loan Amount | $404,250 |
1
YEARS SAVED
$2,645
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,912
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2507 Putting Green Drive Henderson, NV 4
- 3 beds 1 baths ∙ 2,249 Sqft ∙ Built 1994 3 beds 1 baths ∙ 2,249 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,870
- $0.83
-
16 Oak Hollow Court Henderson, NV 1
- 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 1995
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,735
- $0.79
-
76 Chesney Drive Henderson, NV 2
- 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1986
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,795
- $0.85
-
2391 Tilden Henderson, NV 3
- 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.87
-
2538 Grange Henderson, NV 5
- 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2001
LEASED 04/13/20- Rent
- Rent Per SQFT
- $2,125
- $0.89
PROPERTY LISTING DETAILS
1.702.210.5174
Synergy Sothebys Int'l Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2243819
Last Updated: 11/02/2020
