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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $268.29
- 3 Days on Market
- MLS # : 2271490
- Updated Date : 02/20/2021 at 11:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,230 sqft
- Baths : 2 full
Listing Agent
Urban Nest Realty
Listing Agent's Description
**LOCATION!** THIS ONE HAS IT ALL! SINGLE STORY IN BEAUTIFUL GREEN VALLEY GATED COMMUNITY. MINUTES FROM GVR CASINO, THE DISTRICT AND WALKING TRAILS! ACCESS TO SHOPPING, DINING, ENTERTAINMENT LESS THAN 5 MINUTES AWAY. SPACIOUS FLOOR PLAN, MAPLE CABINETS, NOOK AREA, VAULT CEILING, FRESHLY PAINTED, COVERED PATIO, HOUSE IS ELEVATED FROM BACK NEIGHBORS FOR PRIVACY. CLEANED AND READY FOR IMMEDIATE MOVE IN!
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 Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$179 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$5
|
||
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.
$330,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.1% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
6.17
YEARS SAVED
$22,920
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,491
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
2534 New Salem Avenue Henderson, NV 1
- 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,500
- $1.22
-
2453 Avenida Cortes Henderson, NV 2
- 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1994
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,525
- $1.17
-
2515 New Salem Avenue Henderson, NV 3
- 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 1999
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,600
- $1.30
-
2105 Hidden Ranch Terrace Henderson, NV 4
- 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 1998
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,600
- $1.19
-
2184 Hidden Ranch Terrace Henderson, NV 5
- 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1999
LEASED 01/04/21- Rent
- Rent Per SQFT
- $1,650
- $1.19
PROPERTY LISTING DETAILS
1.702.349.8332
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271490
Last Updated: 02/20/2021
