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3 Vista Outlook Street Henderson, NV 89011

4 Beds 4 Baths 3,751 sqft Built 2017

$1,150,000

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $306.58
  • 3 Days on Market
  • MLS # : 2275805
  • Updated Date : 03/06/2021 at 08:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,751 sqft
  • Baths : 4 full
Listing Agent

Homesmart Encore

Listing Agent's Description

Las Vegas Strip & Mountain Views in The Peaks Gated Community at Lake Las Vegas Henderson! Better than new Modern home largest floor plan! Watch sunsets from the beautifully appointed raised concrete deck w/ peaceful waterfall & fire-pit, covered patio and synthetic grass. Beautifully designed William Lyons home w/soaring ceilings, open great-room floor plan, beautiful dining room & dry bar. Spacious Guest Suite with Ensuite bathroom downstairs. Enjoy the deluxe chef's kitchen w/quartz island, stainless steel appliances, oversized walk-in pantry & under-cabinet lighting. Cat-walk style loft, spacious bedrooms and primary bedroom with private retreat and covered balcony. Primary bathroom with separate tub & shower, dual sinks, makeup counter, and walk-in closet. 3 car garage w/ door to backyard, storage area, 2 tankless water heaters & Water Softener System. Enjoy all Lake Las Vegas has to offer: Public & Private Golf Courses, New Sports Social Clubhouse, Shopping, Restaurants & More!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k449k

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

Neighborhood: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10803087

* 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
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$3,994
Property Tax -$564
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$1,087

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.

$1,150,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$7,587

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $4,026

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6903$3,9004$4,500
$4,500
RENT COMPS ANALYSIS
  • 3 Vista Outlook Street Henderson, NV 2
    • 4 beds 4 baths ∙ 3,751 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,751 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $0.98
    •  
  • 14 Hilltop Crest Street Henderson, NV 1
    • 4 beds 4 baths ∙ 3,447 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,447 Sqft ∙ Built 2018
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.99
    •  
  • 62 Contrada Fiore Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2007
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.98
    •  
  • 40 Moltrasio Lane Henderson, NV 4
    • 4 beds 5 baths ∙ 3,603 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,603 Sqft ∙ Built 2012
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.25
    •  
PROPERTY LISTING DETAILS
Hali Gillin
1.702.406.8730
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2275805
Last Updated: 03/06/2021
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