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309 Via Franciosa Drive Henderson, NV 89011

3 Beds 3 Baths 1,364 sqft Built 2012

$339,999

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $249.27
  • 7 Days on Market
  • MLS # : 2257869
  • Updated Date : 01/02/2021 at 01:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,364 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

WELCOME HOME! This BEAUTIFUL 3 BR, 2.5 BTH, 2 CRG home awaits you! Excellent starter home or investment opportunity! Well appointed in the famed Tuscany community, this property offers a luxury resort lifestyle with an array of amenities: security, guard gated, golf course, recreation facilities with community pools, spa, state of the art fitness center and so MUCH MORE! This 2-story home features a spacious floor plan with living room, kitchen and half bath downstairs. Kitchen includes granite counter tops, center island and walk-in pantry. Brand new water resistant laminate flooring runs throughout the entire home. Upstairs features a large primary bedroom, separate laundry room, two full baths, and 2nd and 3rd guest bedrooms. Brand new tankless water heater and kitchen sink recently installed. An expansive lot size offers a large backyard with river rock, mature landscaping and patio, perfect for entertaining your guests! Pride of ownership is apparent - schedule a showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

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

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802043

* 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
 

$305,999$373,999$339,999

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,254
Property Tax -$221
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$108

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.

$339,999

PROJECTED PRICE

$1,540

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.7%
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$0.0$5.0k$10k$15k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,395

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4954$1,4955$1,540
$1,540
RENT COMPS ANALYSIS
  • 309 Via Franciosa Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,364 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.13
    •  
  • 956 Via Del Tramonto Street Henderson, NV 1
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 2012
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.03
    •  
  • 957 Wembly Hills Place #n/a Henderson, NV 2
    • 3 beds 3 baths ∙ 1,356 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,356 Sqft ∙ Built 2012
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.03
    •  
  • 967 Sable Chase Henderson, NV 3
    • 3 beds 3 baths ∙ 1,471 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,471 Sqft ∙ Built 2007
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 913 Sable Chase Place #n/a Henderson, NV 4
    • 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,483 Sqft ∙ Built 2010
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
PROPERTY LISTING DETAILS
Angela M George
1.702.882.7840
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257869
Last Updated: 01/02/2021
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