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3063 Via Del Corso Henderson, NV 89052

5 Beds 3 Baths 4,043 sqft Built 2003

$768,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $189.96
  • 7 Days on Market
  • MLS # : 2261051
  • Updated Date : 01/12/2021 at 07:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,043 sqft
  • Baths : 3 full
Listing Agent

Realty 360

Listing Agent's Description

GATED SEVEN HILLS 5 BR 3 BTH home features 1 bedroom and 1 bath down. Enter into soaring ceilings with a grand chandelier in the foyer which opens in to the formal living room and Dining room. the dining room flows into the kitchen with granite countertops and mosaic glass backsplash and huge island. The open floor plan has the kitchen opening into the dining nook and family room with built in bookcase/Entertainment center and Bar with cabinets. Upgraded flooring throughout. Upstairs you have an oversized Master suite with sitting area and double-sided fireplace and jetted tub and private den/office. Loft has custom builtin Iron inserts and also shutters thru-out. Has full length Balcony off the master bedroom with stunning views of the mountains. Private backyard with Heated inground pool and waterfall and several mature fruit trees. Rear Porch off the family room. Two minute walk to ped gate at end of culdesac to access the famous seven hills trails system and sonata park.

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: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$691,200$844,800$768,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,668
Property Tax -$460
Property Insurance -$105
Property Management Fees -$119
CASH FLOW
-$112

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.

$768,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$209,270

INVESTMENT

$209,270

Down Payment
$192,000
Rehab Estimate
$5,750
Closing Costs
$11,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,668

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $192,000
Loan Amount $576,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$41,155

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,568

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,240
1$3,2402$3,2953$3,5004$3,5005$3,850
$3,850
RENT COMPS ANALYSIS
  • 3063 Via Del Corso Henderson, NV 1
    • 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2003 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $0.80
    •  
  • 1551 Via Della Scala #0 Henderson, NV 2
    • 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2003 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2003
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.81
    •  
  • 1305 European Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 4,042 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,042 Sqft ∙ Built 1999
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.87
    •  
  • 1464 European Drive Henderson, NV 4
    • 5 beds 4 baths ∙ 3,903 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,903 Sqft ∙ Built 2003
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
  • 2940 Carmelo Drive #0 Henderson, NV 5
    • 5 beds 5 baths ∙ 4,045 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,045 Sqft ∙ Built 2000
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.95
    •  
PROPERTY LISTING DETAILS
Sajan I Abraham
1.702.612.2348
Realty 360
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261051
Last Updated: 01/12/2021
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