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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $187.03
- 2 Days on Market
- MLS # : 2277799
- Updated Date : 03/14/2021 at 01:14
CONSTRUCTION
- Beds : 3
- Floor Size : 2,005 sqft
- Baths : 2 full , 1 half
Listing Agent
Urban Nest Realty
Listing Agent's Description
WELCOME TO A COMMUNITY WITH CHARACTER AND QUAINTNESS! This immaculate ready to move in property is a perfect beginning for a new family. Gated community with community Pool and Spa as you enter. This 2 Story 3 bedroom, 2.5 bath home has incredible views of the mountain tops and communities to the south. When you walk into this home you are treated by high vaulted ceilings, open staircase and an open concept kitchen/family room. Great for entertaining a lot of family and friends. Granite countertops, walk in pantry, tile floors, with all appliances included. Sliding back door to low maintenance backyard. Window treatments included. The area of seven hills has so much to offer in the way of dining, entertainment, shopping and all home necessities. Near Coronado High School. 2 car garage with plenty of room to fit comfortably 2 cars. Famous hot spots: Kraft Kitchen Eatery, Costco, Katcus Wren Dog Park, Lowes, ton of Coffee Shops, Picnic Areas, Clubhouse and Pool and Spa, Hurry wont last!
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: Seven Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seven Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$232 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$190
|
||
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.
$375,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.8% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
8.58
YEARS SAVED
$43,589
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,965
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
2841 Radiant Flame Avenue Henderson, NV 2
- 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,910
- $0.95
-
2777 Rochester Run Avenue Henderson, NV 1
- 3 beds 3 baths ∙ 2,027 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,027 Sqft ∙ Built 2008
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,825
- $0.90
-
964 Wagner Valley Street Henderson, NV 3
- 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 2008
![property image]()
LEASED 01/08/21- Rent
- Rent Per SQFT
- $2,000
- $0.99
-
2982 Scenic Valley Way Henderson, NV 4
- 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2000
![property image]()
LEASED 12/27/20- Rent
- Rent Per SQFT
- $2,050
- $1.01
-
1026 Arroyo Vista Terrace Henderson, NV 5
- 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 2000
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $2,195
- $1.02
PROPERTY LISTING DETAILS
1.702.493.9544
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2277799
Last Updated: 03/14/2021
