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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $246.23
- 2 Days on Market
- MLS # : 2255302
- Updated Date : 12/12/2020 at 10:06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,924 sqft
- Baths : 3 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
Immaculate Pardee Strada Plan 3! This gorgeous home features a custom pool & spa, built-in BBQ, 4 bedrooms + loft (one bed & full bath downstairs), vaulted great room ceiling, multiple outdoor covered seating areas, gourmet kitchen with quartz countertops, silent ceiling fans throughout, built-in technology area downstairs, tandem 3 bay garage with epoxy floors, upgrades galore throughout!
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: West Henderson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Henderson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,780 |
| EXPENSES | Loan Payment | -$2,656 |
| Property Tax | -$473 | |
| Property Insurance | -$84 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$552
|
||
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.
$719,990
PROJECTED PRICE
$2,780
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.9% |
| 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
$196,547
LOAN DETAILS
$2,656
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $179,998 |
| Loan Amount | $539,993 |
2.25
YEARS SAVED
$12,915
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,780
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,507
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
2629 Via Monet Henderson, NV 4
- 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,780
- $0.95
-
2939 Ainslie Lake Avenue #0 Henderson, NV 1
- 5 beds 4 baths ∙ 2,666 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,666 Sqft ∙ Built 2004
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,200
- $0.83
-
3158 Biccari Avenue Henderson, NV 2
- 5 beds 3 baths ∙ 3,057 Sqft ∙ Built 2014 5 beds 3 baths ∙ 3,057 Sqft ∙ Built 2014
LEASED 08/19/20- Rent
- Rent Per SQFT
- $2,500
- $0.82
-
3202 Casalotti Avenue Henderson, NV 3
- 5 beds 4 baths ∙ 3,057 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,057 Sqft ∙ Built 2019
LEASED 12/18/19- Rent
- Rent Per SQFT
- $2,600
- $0.85
-
2574 Hazelburn Avenue Henderson, NV 5
- 5 beds 5 baths ∙ 3,240 Sqft ∙ Built 2020 5 beds 5 baths ∙ 3,240 Sqft ∙ Built 2020
LEASED 10/09/20- Rent
- Rent Per SQFT
- $3,000
- $0.93
PROPERTY LISTING DETAILS
1.702.376.4332
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255302
Last Updated: 12/12/2020
