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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $199.60
- 3 Days on Market
- MLS # : 2268163
- Updated Date : 02/20/2021 at 19:02
CONSTRUCTION
- Beds : 2
- Floor Size : 1,503 sqft
- Baths : 1 full
Listing Agent
Elite Realty
Listing Agent's Description
What if every day was vacation? Welcome to Mantova in guard-gated South Shore community @ Lake Las Vegas! Once inside the secure building, enter your new home through the open air courtyard. Open concept living & kitchen/dining floorpan opens out to the HUGE covered balcony. Enjoy this indoor to outdoor living out at the Lake! Wet bar & wine refrigerator conveniently located in the living room. Chef's kitchen is loaded with cabinets & a large island for prep & entertaining. Stainless steel built-in oven & microwave, gas cooktop, dishwasher, trash compactor. The primary bedroom with en suite bathroom also opens out to the balcony. Primary bedroom has large walk-in closet. Primary bathroom has large soaking tub & separate shower. Dual sink vanity & extra cabinets in the water closet for your storage needs. Secondary bedroom is roomy & adjacent to the guest bath. Guest bathroom has it's own shower. All appliances stay including washer & dryer. Garage parking spot, storage & 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 | $2,540 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$1,402 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$80
|
||
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.
$299,999
PROJECTED PRICE
$2,540
PROJECTED RENT
0.85%
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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $224,999 |
1.92
YEARS SAVED
$3,856
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$1.69
LIST RENT PER SQFT
-
$1,811
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
30 Via Mantova #110 Henderson, NV 3
- 2 beds 1 baths ∙ 1,503 Sqft ∙ Built 2007 2 beds 1 baths ∙ 1,503 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,540
- $1.69
-
20 Via Mantova #210 Henderson, NV 1
- 2 beds 1 baths ∙ 1,503 Sqft ∙ Built 2006 2 beds 1 baths ∙ 1,503 Sqft ∙ Built 2006
LEASED 09/06/19- Rent
- Rent Per SQFT
- $1,795
- $1.19
-
39 Via Verso Lago Henderson, NV 2
- 2 beds 3 baths ∙ 1,634 Sqft ∙ Built 2018 2 beds 3 baths ∙ 1,634 Sqft ∙ Built 2018
LEASED 10/20/19- Rent
- Rent Per SQFT
- $2,000
- $1.22
PROPERTY LISTING DETAILS
1.702.525.9947
Elite Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2268163
Last Updated: 02/20/2021
