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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$310,500
LOAN DETAILS
$3,994
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $287,500 |
| Loan Amount | $862,500 |
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 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
1.702.406.8730
Homesmart Encore
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2275805
Last Updated: 03/06/2021
