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276 Via San Matteo Henderson, NV 89011

3 Beds 3 Baths 2,167 sqft Built 2017

$469,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $216.43
  • 6 Days on Market
  • MLS # : 2242819
  • Updated Date : 11/01/2020 at 17:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,167 sqft
  • Baths : 2 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

WHOA NELLY MULTIPLE OFFERS WITHIN HOURS! FIRE FIRE FIRE LAS VEGAS REAL ESTATE IS HOT! STUNNING ONE STORY WITH 2.5 GARAGE IN GUARD GATED GOLF COURSE COMMUNITY! TUSCANY ONE OF THE HOTTEST COMMUNITIES ON THE WEST COAST! A CALIFORNIA EXODUS FAVORITE! Beautiful entry way leads you to nice open floor plan with gourmet like kitchen with upgraded cabinets sparkling quartz counter tops that overlooks the entertainment room ready for your surround sound and mini movie theater. Vanishing wall door leads you to your own private getaway back yard on premium lot with covered patio. Nice mountain views. The master can be your own mini penthouse with spa like master bathroom that features upgraded shower and Queen Mary size tub. Large secondary rooms separate from master. Don't forget the resort like amenities of this fantastic community. BEST IN CLASS DONT DELAY CLICK TODAY EASY TO SHOW!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

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

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802043

* 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
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

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

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$422,100$515,900$469,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,730
Property Tax -$380
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$218

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.

$469,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$17,513

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,080

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,945

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$2,0004$2,0805$2,100
$2,100
RENT COMPS ANALYSIS
  • 276 Via San Matteo Henderson, NV 4
    • 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.96
    •  
  • 1052 Via Prato Lane Henderson, NV 1
    • 3 beds 4 baths ∙ 2,001 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,001 Sqft ∙ Built 2007
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 1053 Via Prato Lane Henderson, NV 2
    • 3 beds 4 baths ∙ 2,238 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,238 Sqft ∙ Built 2007
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 254 Via Franciosa Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 420 Via San Remo Circle Henderson, NV 5
    • 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,169 Sqft ∙ Built 2017
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
PROPERTY LISTING DETAILS
Steve P Hawks
1.702.617.4637
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242819
Last Updated: 11/01/2020
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