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2629 Via Monet Henderson, NV 89044

4 Beds 4 Baths 2,924 sqft Built 2018

$719,990

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k546k

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

Neighborhood: West Henderson

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802664

* 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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$647,991$791,989$719,990

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,547

INVESTMENT

$196,547

Down Payment
$179,998
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,998
Loan Amount $539,993
See What Happens When You Reinvest Cash Flow

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
$2,200
1$2,2002$2,5003$2,6004$2,7805$3,000
$3,000
RENT COMPS ANALYSIS
  • 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
Kyla L Gebhart
1.702.376.4332
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255302
Last Updated: 12/12/2020
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