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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $248.77
- 4 Days on Market
- MLS # : 2258485
- Updated Date : 01/01/2021 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,427 sqft
- Baths : 2 full
Listing Agent
Faranesh Real Estate
Listing Agent's Description
Beautiful 3 bedroom 3 bath corner lot Henderson home! Kitchen features all stainless steel appliances, custom cabinets, granite counter-tops, breakfast bar/nook, tile flooring and pantry. Spacious front living room w/ vaulted ceiling, fireplace, and tile floors. Large master bedroom w/ hardwood flooring, ceiling fan and walk in closet. Master bath w/ double sinks and separate shower. Large backyard with covered patio. A must see!
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: Green Valley North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,310 |
| Property Tax | -$161 | |
| Property Insurance | -$55 | |
| 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.
$355,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
6.08
YEARS SAVED
$28,678
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,431
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
265 Fairbrook Drive Henderson, NV 5
- 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,427 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,640
- $1.15
-
2735 Pastel Henderson, NV 1
- 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1993
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,425
- $0.99
-
2706 Briarcliff Avenue Henderson, NV 2
- 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1993
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,450
- $0.97
-
2702 Pastel Avenue Henderson, NV 3
- 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1993
LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,550
- $1.04
-
2542 Wolverton Avenue Henderson, NV 4
- 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1990
LEASED 10/18/20- Rent
- Rent Per SQFT
- $1,595
- $1.01
PROPERTY LISTING DETAILS
1.702.610.6356
Faranesh Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258485
Last Updated: 01/01/2021
