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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $190.92
- 3 Days on Market
- MLS # : 2271665
- Updated Date : 02/20/2021 at 08:21
CONSTRUCTION
- Beds : 3
- Floor Size : 2,776 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Absolutely gorgeous! This stunning two-story home is located in the best school district of Henderson. This home features a beautifully landscaped front and backyard, upgraded hardwood flooring, crown molding, upgraded cabinets, plantation shutters throughout, iron stair rails, stainless steel appliances, a large island, beautiful granite countertops, epoxy 3-car tandem garage, and a high-efficiency water softener. Downstairs has a spacious office (Den) and upstairs has a spacious loft, which is perfect for the family entertainment area. The master bedroom features a balcony that showcases the breathtaking views of the Las Vegas Strip and mountains. This home is the perfect move-in-ready home with a finished landscaped front and backyard located in the heart of a highly desired neighborhood. Don't miss out on this truly spectacular home!
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 | $2,440 |
| EXPENSES | Loan Payment | -$1,841 |
| Property Tax | -$342 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$57
|
||
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.
$530,000
PROJECTED PRICE
$2,440
PROJECTED RENT
0.46%
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
$146,200
LOAN DETAILS
$1,841
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $132,500 |
| Loan Amount | $397,500 |
6.42
YEARS SAVED
$40,348
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,440
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,471
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
2956 Valley Basin Avenue Henderson, NV 2
- 3 beds 3 baths ∙ 2,776 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,776 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $2,440
- $0.88
-
2721 Thomasville Avenue Henderson, NV 1
- 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2001
LEASED 08/06/20- Rent
- Rent Per SQFT
- $2,150
- $0.83
-
2714 Woodflower Avenue Henderson, NV 3
- 4 beds 2 baths ∙ 2,689 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,689 Sqft ∙ Built 2001
LEASED 01/22/21- Rent
- Rent Per SQFT
- $2,450
- $0.91
-
2888 Green Falls Avenue Henderson, NV 4
- 4 beds 2 baths ∙ 2,775 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,775 Sqft ∙ Built 2012
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,500
- $0.90
-
853 Middle Valley Street Henderson, NV 5
- 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2010
LEASED 09/19/20- Rent
- Rent Per SQFT
- $2,550
- $0.92
PROPERTY LISTING DETAILS
1.702.577.6465
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271665
Last Updated: 02/20/2021
