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279 Plaza Capri Court Henderson, NV 89074

5 Beds 2 Baths 2,882 sqft Built 1994

$520,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $180.43
  • 7 Days on Market
  • MLS # : 2242942
  • Updated Date : 10/31/2020 at 14:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,882 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

Stunningly renovated 5 bedroom home You'll wanna See. This home offers an attractive living space that is move in ready, you'll notice how light, bright and airy this home feels when you walk in. The Updated Kitchen features granite counters, pantry, stainless appliance package, and upgraded fixtures, updated diagonal tile flooring, wet bar in family room great for entertainment, ceiling fans t/o. The home is situated on a corner lot in a cul de sac & offers a sparkling pool/spa with low maintenance landscape & enjoy the company of friends & family. There are 5 nice-sized bedrooms (1 down), 3 baths, 3 car garage.

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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: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
David M. Cox Elementary School Primary Regular 625 32 8
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Silverado High School High Regular 2,263 94 5

David M. Cox Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 32
8
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,919
Property Tax -$289
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
-$89

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.

$520,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$32,855

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,435

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,3003$2,3204$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 279 Plaza Capri Court Henderson, NV 3
    • 5 beds 2 baths ∙ 2,882 Sqft ∙ Built 1994 5 beds 2 baths ∙ 2,882 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.80
    •  
  • 2865 Palleta Drive Henderson, NV 1
    • 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1994
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.80
    •  
  • 8227 Coyado Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,950 Sqft ∙ Built 1999
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
  • 2514 Mesa Verde Terrace Henderson, NV 4
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1991
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
  • 2507 El Paso Grande Henderson, NV 5
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1990
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
PROPERTY LISTING DETAILS
Deanna J Johnson
1.702.219.1317
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242942
Last Updated: 10/31/2020
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