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 1997
- Price/Sqft : $192.02
- 4 Days on Market
- MLS # : 2259359
- Updated Date : 01/09/2021 at 21:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,130 sqft
- Baths : 2 full
Listing Agent
Calnev Realty & Investments
Listing Agent's Description
You've hit the jackpot with this exquisitely maintained one story home with 3 car garage on a corner lot in popular Green Valley. It is listed as 4 Bedrooms in the tax roll, but one room is converted to office. Living Room and Family Room have entertainment niches. Family Room/Kitchen Combo. Kitchen has granite counters, track lighting, and Kenmore appliances. Bright and airy with ceiling fans and lights in all rooms. Ceramic tile throughout and wood laminate flooring in bedrooms. Primary BR has block glass windows, its own spa tub and sliding glass door to private rear yard. All 3 bedrooms have their own walk-in closet. Dual sinks in both bathrooms. Backyard is divine and excellent for entertaining with above gound spa, stamped concrete patio, alumawood cover, shed, and desert landscaping. Water softening system in garage. Water Heater is one year old. Furnace and A/C are serviced every 6 months. Close to Trail Canyon Park. All Furniture and Personal Items Excluded.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Gibson Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gibson Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,421 |
| Property Tax | -$228 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$94
|
||
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.
$409,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.8% |
| 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
$114,135
LOAN DETAILS
$1,421
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,250 |
| Loan Amount | $306,750 |
7.17
YEARS SAVED
$35,678
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,098
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
271 Datura Street Henderson, NV 2
- 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,930
- $0.91
-
1139 Jesse Harbor Avenue Henderson, NV 1
- 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 2016
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,756
- $0.91
-
1102 Cloudy Day Drive Henderson, NV 3
- 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2000
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,999
- $0.94
-
337 Evan Picone Drive Henderson, NV 4
- 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1996
LEASED 08/22/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
-
1026 Misty Rose Avenue Henderson, NV 5
- 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2001
LEASED 12/28/20- Rent
- Rent Per SQFT
- $2,250
- $1.06
PROPERTY LISTING DETAILS
1.702.403.5321
Calnev Realty & Investments
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259359
Last Updated: 01/09/2021
