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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $187.30
- 4 Days on Market
- MLS # : 2259667
- Updated Date : 01/09/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,842 sqft
- Baths : 2 full , 1 half
Listing Agent
Paragon Premier Properties
Listing Agent's Description
Perfect Location, Perfect Price! Beautiful Townhome in Inspirada Henderson features 3 bedrooms, 2.5 baths and sizable loft with new downstairs flooring! Walking distance to elementary school, parks, pools, stores and restaurants! The Second floor features a large primary suite with plenty of windows and a walk-in closet. Separated by a loft you will find two guest bedrooms and a bathroom on the other side of the floor. Covered front patio with pavers and rear entry 2-car garage. This home is conveniently situated to dog parks, parks, soccer fields, basketball courts, tennis courts, volleyball courts, playgrounds, splash pads, heated pools and more! Located within minutes to the M Casino and Raiders Practice Stadium it's also approx. 20 minutes from McCarran Airport. This home has quick egress to the St. Rose corridor giving you access to restaurants, hotels, stores, and hospital with close proximity to the 15 and 215 this ideally located property is a prime opportunity for an investor!
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: Inspirada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Inspirada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$289 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$111
|
||
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.
$345,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.9% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
7.5
YEARS SAVED
$32,480
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,768
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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3168 Via Da Vinci Henderson, NV 3
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1926 Via Delle Arti #0 Henderson, NV 1
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LEASED 08/28/20- Rent
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- $1,695
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LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,775
- $0.93
-
3188 Via Da Vinci Henderson, NV 4
- 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,843 Sqft ∙ Built 2017
LEASED 04/26/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
1901 Epte Poplars Henderson, NV 5
- 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2014
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
PROPERTY LISTING DETAILS
1.747.888.2061
Paragon Premier Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259667
Last Updated: 01/09/2021
