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30 Via Mantova #202 Henderson, NV 89011

3 Beds 1 Baths 2,021 sqft Built 2007

$405,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $200.40
  • 3 Days on Market
  • MLS # : 2247999
  • Updated Date : 11/14/2020 at 11:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,021 sqft
  • Baths : 1 full
Listing Agent

Windermere Prestige Properties

Listing Agent's Description

Modern elegance awaits you in this three bedroom, highly upgraded, Mantova condo. Located in the prestigious, guard gated, community of SouthShore at Lake Las Vegas. Just 35 mins from the strip, the front of this complex sits on the lake's shore and the back borders the Lake Mead National Recreation Area. Features include: an open floor plan with wet bar for entertaining; a balcony to enjoy starry nights overlooking the desert; stainless steel appliances; gas cooktop; travertine floors; custom window treatments; stained glass in bath; crown molding; and more. Don't feel like cooking? There are multiple restaurants in the village. Golf? Home of two Jack Nicklaus Signature courses, a private & public. Indulge in water sports on the lake or simply sit and watch as others paddle, boat or swim by. Hike/bike tens of miles of trails through the city and Lake Mead, or, leisurely take a walk within the confines of the guarded gates. When done, come home to enjoy the comforts this condo offers!

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
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,494
Property Tax -$1,402
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$262

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.

$405,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.70%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.4

    LIST RENT PER SQFT
  • $2,445

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,5003$2,5004$2,820
$2,820
RENT COMPS ANALYSIS
  • 30 Via Mantova #202 Henderson, NV 4
    • 3 beds 1 baths ∙ 2,021 Sqft ∙ Built 2007 3 beds 1 baths ∙ 2,021 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.40
    •  
  • 14 Rue De Louvre Henderson, NV 1
    • 4 beds 3 baths ∙ 1,721 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,721 Sqft ∙ Built 1993
    LEASED 06/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.15
    •  
  • 15 Via Mantova #202 Henderson, NV 2
    • 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2004
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.24
    •  
  • 15 Via Mantova #308 Henderson, NV 3
    • 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2004
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.24
    •  
PROPERTY LISTING DETAILS
Reba St Clair
1.702.539.0835
Windermere Prestige Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247999
Last Updated: 11/14/2020
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