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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $237.01
- 3 Days on Market
- MLS # : 2269467
- Updated Date : 02/12/2021 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,021 sqft
- Baths : 1 full
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
Bathed in bright natural light, this penthouse-level, corner sanctuary opens up to spectacular views of the mountains, lake, and the Las Vegas wash. Located on the top floor, the sunny entry courtyard and large balcony off the great room provide inviting indoor/outdoor entertaining. This luxurious condo features a full wet bar and open kitchen with granite countertops and stainless steel appliances. The two parking spaces in the underground garage, just across from the elevators, as well as a secure storage locker are a big bonus. Mantova is located in SouthShore, the guard gated community of Lake Las Vegas. This community is close to the SouthShore Country Club, home of two premier Jack Nicklaus golf courses a well as the restaurants/hotels/groceries in the village. This community is perfect for outdoor enthusiasts as biking, hiking, running, walking, paddling, boating opportunities are just minutes away.
SEE MORE
- 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)
- 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)
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 | $2,880 |
| EXPENSES | Loan Payment | -$1,664 |
| Property Tax | -$1,402 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$372
|
||
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.
$479,000
PROJECTED PRICE
$2,880
PROJECTED RENT
0.60%
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
$132,685
LOAN DETAILS
$1,664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $119,750 |
| Loan Amount | $359,250 |
0.92
YEARS SAVED
$1,780
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,880
LIST RENT -
$1.43
LIST RENT PER SQFT
-
$2,506
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
30 Via Mantova #405 Henderson, NV 3
- 3 beds 1 baths ∙ 2,021 Sqft ∙ Built 2007 3 beds 1 baths ∙ 2,021 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,880
- $1.43
-
15 Via Mantova #202 Henderson, NV 1
- 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 2
- 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2004
LEASED 12/18/20- Rent
- Rent Per SQFT
- $2,500
- $1.24
PROPERTY LISTING DETAILS
1.702.348.8929
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269467
Last Updated: 02/12/2021
