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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $223.87
- 5 Days on Market
- MLS # : 2255578
- Updated Date : 12/19/2020 at 11:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,697 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
WELCOME THE NEW YEAR in this charming Green Valley home, located in a gated community tucked back in a private neighborhood enclave. The 3-bedroom, 2.5-bathroom interior boasts updated finishes including newer wood-looking tile, carpet, paint, bathroom updates, and more. The kitchen features granite countertops, stainless steel appliances, island, and pantry. You will enjoy the backyard with ample room for playing or entertaining. This home is impeccable and shows true pride of ownership. All of this PLUS sought-after school zoning and convenient location just minutes from parks, trails, schools, shopping, GVR and The District, I-215 freeway & MORE.
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: Green Valley Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$195 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$56
|
||
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.
$379,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.1% |
| 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
$106,424
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
5.42
YEARS SAVED
$26,055
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,701
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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289 Mayberry Street Henderson, NV 4
- 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,720
- $1.01
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251 Queens Henderson, NV 1
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LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,600
- $1.00
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262 Reflection Ridge Court Henderson, NV 2
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LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,695
- $0.96
-
274 Liberty Point Court Henderson, NV 3
- 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,604 Sqft ∙ Built 2003
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,700
- $1.06
-
272 Fortifying Crest Court Henderson, NV 5
- 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2005
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,750
- $0.99
PROPERTY LISTING DETAILS
1.702.860.5291
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255578
Last Updated: 12/19/2020
