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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $210.17
- 2 Days on Market
- MLS # : 2271516
- Updated Date : 02/21/2021 at 06:17
CONSTRUCTION
- Beds : 4
- Floor Size : 2,950 sqft
- Baths : 3 full , 1 half
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
Must see home in desirable Rose Ridge community!! 2960 Square feet Next Gen model by Lennar with open concept living area downstairs and spacious loft upstairs! Adjacent to the living area, you will find an exceptionally large private next-gen suite perfect for an individual or family, complete with kitchenette, living room, bathroom and bedroom with a large walk in closet and private laundry area. Master bedroom includes a large covered balcony, walk- in closet, and spa-like master bath. Backyard is fully landscaped and complete with low maintenance synthetic grass and plants! Upgrades include water filtration system and solar panels! Also, don't miss the community pool, playground and multiple parks!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seven Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,820 |
| EXPENSES | Loan Payment | -$2,153 |
| Property Tax | -$399 | |
| Property Insurance | -$84 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$64
|
||
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.
$620,000
PROJECTED PRICE
$2,820
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$170,050
LOAN DETAILS
$2,153
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $155,000 |
| Loan Amount | $465,000 |
6.42
YEARS SAVED
$46,986
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 -
$0.96
LIST RENT PER SQFT
-
$2,832
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
3091 Mossfield Avenue Henderson, NV 4
- 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,950 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $2,820
- $0.96
-
853 Middle Valley Street Henderson, NV 1
- 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2010
![property image]()
LEASED 09/19/20- Rent
- Rent Per SQFT
- $2,550
- $0.92
-
2939 Tremont Avenue Henderson, NV 2
- 5 beds 3 baths ∙ 2,818 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,818 Sqft ∙ Built 2018
![property image]()
LEASED 02/22/20- Rent
- Rent Per SQFT
- $2,600
- $0.92
-
2919 Caxton Grove Drive Henderson, NV 3
- 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018
![property image]()
LEASED 02/17/21- Rent
- Rent Per SQFT
- $2,700
- $0.92
-
2931 Caxton Grove Dr Henderson, NV 5
- 5 beds 2 baths ∙ 2,779 Sqft ∙ Built 2019 5 beds 2 baths ∙ 2,779 Sqft ∙ Built 2019
![property image]()
LEASED 11/09/20- Rent
- Rent Per SQFT
- $3,000
- $1.08
PROPERTY LISTING DETAILS
1.805.280.5454
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271516
Last Updated: 02/21/2021
