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2568 Palentina Street Henderson, NV 89044

3 Beds 1 Baths 1,768 sqft Built 2006

$469,990

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $265.83
  • 2 Days on Market
  • MLS # : 2313018
  • Updated Date : 07/13/2021 at 17:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,768 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

Immaculate*Del Webb Solera*Rare 3 bedroom!*Backyard fully fenced with 8'x24' covered patio, mature landscaping & planters plus East-facing for outdoor entertaining*Great room plan with 9' ceilings, shutters, recessed lighting & ceiling fan*Primary bdrm separate from secondary bedrooms - features 9'x11' walk-in closet, shutters & ceiling fan*Primary bath features dbl sinks plus large walk-in shower*Kitchen features brkfst nook, solid surface countertops, tile, recessed lighting & pantry*Spacious formal dining room open to great room*Guest bdrm #2 features custom desk & bookcase built-in*Plus, blown insulation & low e windows for energy efficiency*Water softener*All appliances including refrigerator and washer & dryer*Shutters throughout*Stone exterior & stuccoed eves*NO SID*Wonderful community amenities: 24,000 sq.ft. clubhouse, fitness center, pool, bocce courts & tennis courts*LOW HOA $62/MONTH*

SEE MORE

MARKET HIGHLIGHTS

  • 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: Solera at Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Solera at Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9571875

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Shirley And Bill Wallin Elementary School Primary Regular 1,067 51 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Shirley And Bill Wallin Elementary School

  • Education Level: Primary
  • # of students: 1,067
  • # of teachers: 51
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$422,991$516,989$469,990

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,632
Property Tax -$244
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$466

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.

$469,990

PROJECTED PRICE

$1,590

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,297

INVESTMENT

$130,297

Down Payment
$117,498
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,498
Loan Amount $352,493
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,874

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,590

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,5953$1,7004$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 2568 Palentina Street Henderson, NV 1
    • 3 beds 1 baths ∙ 1,768 Sqft ∙ Built 2006 3 beds 1 baths ∙ 1,768 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.90
    •  
  • 2409 Rue Royale Street Henderson, NV 2
    • 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2009
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
  • 2505 Solera Sky Drive Henderson, NV 3
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2006
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 2603 Starlight Valley Street Henderson, NV 4
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2006
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 2541 Cosmic Dust Street #n/a Henderson, NV 5
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
PROPERTY LISTING DETAILS
Robin Smith
1.702.460.5080
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2313018
Last Updated: 07/13/2021
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