Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $174.08
- 5 Days on Market
- MLS # : 2254795
- Updated Date : 12/19/2020 at 08:13
CONSTRUCTION
- Beds : 5
- Floor Size : 3,418 sqft
- Baths : 3 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
**MAGNIFICENT SUPERSTAR on the Block** ~ You be the judge! ~ 5-Bedrooms, a Loft, 3 Car garages, Heated Pool/Spa in prime zipcode & Top-rated schools 89052! *Freshly Painted *Large interior living spaces; 2 Family Rooms, 2 Dining, a large Kitchen features accent lighting, miles of counter space, endless cabinets w/pull out shelves, huge walk-in pantry, KitchenAid appliances, a Bfast Bar & Bfast Nook with a Pool view! *A Bdr & Full Bath Downstairs too! *Upstairs Loft is surround sound prewired, comes with a balcony! *Alcove entry to 23'x29' Master SUITE; 2-way Fireplace, WOW, its own Balcony! *Beautiful Jetted Tub, Granite counters & Shower surround, 2 Walk-in Closets! All Kohler toilets w/self closing lids here *3 other Bedrooms & Laundry Rm are upstairs *More cabinets upstairs! *Water Softener & 2 industrial weight overhead storage in garage * 1-month-old Water Heater! **Hang out in this relaxing backyard! Spacious; offers various sitting areas including a large covered patio - SEE!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Southfork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southfork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,620 |
| EXPENSES | Loan Payment | -$2,195 |
| Property Tax | -$443 | |
| Property Insurance | -$93 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$231
|
||
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.
$595,000
PROJECTED PRICE
$2,620
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.0% |
| 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
$163,425
LOAN DETAILS
$2,195
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $148,750 |
| Loan Amount | $446,250 |
4
YEARS SAVED
$25,908
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,620
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,589
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
2660 Rich Flavor Place Henderson, NV 3
- 5 beds 4 baths ∙ 3,418 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,418 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,620
- $0.77
-
2653 Hourglass Drive Henderson, NV 1
- 5 beds 2 baths ∙ 3,151 Sqft ∙ Built 2002 5 beds 2 baths ∙ 3,151 Sqft ∙ Built 2002
LEASED 11/16/20- Rent
- Rent Per SQFT
- $2,195
- $0.70
-
503 Sierra Peak Court Henderson, NV 2
- 5 beds 2 baths ∙ 3,237 Sqft ∙ Built 1998 5 beds 2 baths ∙ 3,237 Sqft ∙ Built 1998
LEASED 01/24/20- Rent
- Rent Per SQFT
- $2,330
- $0.72
-
2649 Smooth Blend Place #0 Henderson, NV 4
- 5 beds 3 baths ∙ 3,418 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,418 Sqft ∙ Built 2006
LEASED 07/30/19- Rent
- Rent Per SQFT
- $2,695
- $0.79
-
2693 Copilico Terrace Henderson, NV 5
- 4 beds 4 baths ∙ 3,403 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,403 Sqft ∙ Built 2012
LEASED 07/17/19- Rent
- Rent Per SQFT
- $2,800
- $0.82
PROPERTY LISTING DETAILS
1.702.325.0799
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2254795
Last Updated: 12/19/2020
