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2599 San Giorgio Circle Henderson, NV 89052

4 Beds 5 Baths 4,806 sqft Built 2005

$1,579,000

List Price

$4,430

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $328.55
  • 5 Days on Market
  • MLS # : 2277283
  • Updated Date : 03/20/2021 at 16:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,806 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Portofino is a 24 home gated community in Seven Hills-Great proximity to the Rio Secco golf course. .29/ac. corner cul-de-sac lot. Elegant Porte Cochere, two 2 car garages, one has HVAC. Quality 2x6 construction, stately solid iron & glass double front doors-Entry foyer w/ custom marble medallion-Beautiful Travertine flooring thru-out-Formal dining rm has double coffered ceiling w/handmade 24K gold and copper inlay-Spacious kitchen with granite countrs and tumbled marble backsplash-S.S. Viking appliances-built-in refrigerator-abundance of quality custom cabinetry-Kitchen island with pendant lights and sink. Downstairs junior suite with wet bar and hammered S.S. sink and GE Monogram refrigerator, granite counters and cabinetry, private bath & French doors to the courtyard. King-size primary suite and spa retreat bath with walk-in shower and sep. Bain Ultra spa tub, dual vanities & water closets. Home theater can be 4th bedroom-Very private resort style backyard with resurfaced pool/spa.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

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

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

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

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$1,421,100$1,736,900$1,579,000

PURCHASE PRICE

$3,987$4,873$4,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,430
EXPENSES Loan Payment -$5,484
Property Tax -$1,210
Property Insurance -$120
Property Management Fees -$119
CASH FLOW
-$2,504

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.

$1,579,000

PROJECTED PRICE

$4,430

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$424,185

INVESTMENT

$424,185

Down Payment
$394,750
Rehab Estimate
$5,750
Closing Costs
$23,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,484

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $394,750
Loan Amount $1,184,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,430

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $4,806

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$4,4303$5,0004$5,695
$5,695
RENT COMPS ANALYSIS
  • 2599 San Giorgio Circle Henderson, NV 2
    • 4 beds 5 baths ∙ 4,806 Sqft ∙ Built 2005 4 beds 5 baths ∙ 4,806 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $4,430
    • $0.92
    •  
  • 1272 Panini Drive #na Henderson, NV 1
    • 5 beds 5 baths ∙ 4,497 Sqft ∙ Built 2002 5 beds 5 baths ∙ 4,497 Sqft ∙ Built 2002
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.71
    •  
  • 2848 Soaring Peak Avenue Henderson, NV 3
    • 5 beds 5 baths ∙ 4,658 Sqft ∙ Built 2002 5 beds 5 baths ∙ 4,658 Sqft ∙ Built 2002
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.07
    •  
  • 10 Greely Club Trail #0 Henderson, NV 4
    • 4 beds 4 baths ∙ 4,649 Sqft ∙ Built 2003 4 beds 4 baths ∙ 4,649 Sqft ∙ Built 2003
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,695
    • $1.22
    •  
PROPERTY LISTING DETAILS
Anthony Denuccio
1.702.592.4663
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277283
Last Updated: 03/20/2021
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