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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $216.69
- 3 Days on Market
- MLS # : 2263543
- Updated Date : 01/30/2021 at 02:40
CONSTRUCTION
- Beds : 4
- Floor Size : 3,115 sqft
- Baths : 2 full
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Custom home checks every single box! NO HOA, single story, approximately half acre, pool/spa, RV gate/Parking, OWNED SOLAR, side loading 3 car attached garage, additional detached approximately 6+ car garage for your RV/toys etc, separate living quarters/casita. This gem is situated on an elevated corner lot with extensive city and mountain views. It boasts excellent curb appeal and is located in family friendly Henderson featuring noteworthy nearby schools. Approximately $15+/- NV Energy paid monthly is TOTAL cost for power...YES you read that right. Interior of home boasts open, airy and free flowing floor plan with a formal living room, separate oversized family/great room, 4 bedrooms and 3 full bathrooms. Massive pantry is adjacent to gourmet kitchen allowing for long term storage. Both attached and detached garage spaces are cooled evaporatively for summer comfort. Mature front & rear landscaping along with full length, rear covered patio create extensive privacy. Home has it all!
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: Black Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Black Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,620 |
| EXPENSES | Loan Payment | -$2,345 |
| Property Tax | -$371 | |
| Property Insurance | -$88 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$302
|
||
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.
$674,999
PROJECTED PRICE
$2,620
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.2% |
| 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
$184,625
LOAN DETAILS
$2,345
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $168,750 |
| Loan Amount | $506,249 |
3.5
YEARS SAVED
$20,523
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,620
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,648
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
251 Rancho Drive Henderson, NV 3
- 4 beds 2 baths ∙ 3,115 Sqft ∙ Built 1991 4 beds 2 baths ∙ 3,115 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $2,620
- $0.84
-
1156 Highbury Grove Street Henderson, NV 1
- 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 2006
LEASED 08/29/19- Rent
- Rent Per SQFT
- $2,195
- $0.78
-
1061 Lush Hillside Court Henderson, NV 2
- 4 beds 2 baths ∙ 2,973 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,973 Sqft ∙ Built 2004
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,500
- $0.84
-
100 Longacres Drive Henderson, NV 4
- 5 beds 3 baths ∙ 3,188 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,188 Sqft ∙ Built 1991
LEASED 01/13/21- Rent
- Rent Per SQFT
- $2,950
- $0.93
PROPERTY LISTING DETAILS
1.702.812.8836
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263543
Last Updated: 01/30/2021
