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30 Via Mantova #210 Henderson, NV 89011

2 Beds 2 Baths 1,503 sqft Built 2007

$315,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $209.58
  • 18 Days on Market
  • MLS # : 2276722
  • Updated Date : 03/20/2021 at 09:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,503 sqft
  • Baths : 2 full
Listing Agent

Property Search Vegas Llc

Listing Agent's Description

TUSCAN INSPIRED MANTOVA CONDO IS LOCATED W/IN THE PRESTIGIOUS SOUTHSHORE COMMUNITY AT LAKE LAS VEGAS RESORT*BUILD-OUT COMPLETED IN 2011*DESIGNER ELEMENTS & CUSTOM FINISHES REFLECT THE ATTENTION TO DETAIL FEATURING TWO-TONE PAINT, CROWN MOLDING, TRAVERTINE & BAMBOO FLOORING*LIVINGROOM IS ENHANCED W/FIREPLACE & WETBAR*KITCHEN BOASTS STAINLESS STEEL APPLIANCES W/BUILT-IN OVEN & MICROWAVE, GAS COOKTOP, & SUB ZERO REFRIGERATOR*GRANITE COUNTERS & CUSTOM CABINETS W/PULLOUT SHELVING*LARGE ISLAND W/SINK & TRASH COMPACTOR*BOTH BATHS ARE APPOINTED WITH TRAVERTINE & STONE FINISHES*BREATHTAKING SUNRISES & MOUNTAIN VIEWS FROM THE EXPANSIVE DOUBLE BALCONY*ASSIGNED UNDERGROUND PARKING & STORAGE*COMMUNITY AMENITIES ALONG WITH SHOPPING, DINING, WATER SPORTS IN & AROUND THE PICTURESQUE VILLAGE*MINUTES TO LAKE MEAD MARINA AND 30 MINUTES TO THE STRIP

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,094
Property Tax -$1,402
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$152

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.

$315,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.80%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,063

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.68

    LIST RENT PER SQFT
  • $1,751

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,520
$2,520
RENT COMPS ANALYSIS
  • 30 Via Mantova #210 Henderson, NV 3
    • 2 beds 2 baths ∙ 1,503 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,503 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.68
    •  
  • 39 Via Verso Lago Henderson, NV 1
    • 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
    •  
  • 64 Strada Principale #204 Henderson, NV 2
    • 2 beds 2 baths ∙ 1,797 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,797 Sqft ∙ Built 2008
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Leonard Brook
1.702.358.2777
Property Search Vegas Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276722
Last Updated: 03/20/2021
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