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326 Via Dante Henderson, NV 89011

4 Beds 4 Baths 3,028 sqft Built 2016

INVESTimate

$460,000

List Price

$2,320

$2,088 - $2,552

Rent Est.

$500,066  ( +8.71%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $151.92
  • 10 Days on Market
  • MLS # : 2222819
  • Updated Date : 08/19/2020 at 10:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,028 sqft
  • Baths : 4 full
Listing Agent

Homesmart Encore

Listing Agent's Description

Welcome To Guard Gated Tuscany Community. No need to wait for new construction, this home is Model Perfect and ready to move in! Only 4 years young! Features one bedroom & full bath down, Formal living/dining rooms, separate family room open to Chef Style Kitchen, upgrades galore, walk in pantry, stainless steal appliances, opens to entertainer's backyard with built in BBQ and Hot Tub, maintenance free desert landscaping for your morning coffee or evening cocktail while the steaks are on the grill. Second story features Master suite with own balcony, separate from all other bedrooms, laundry room with sink & lots of cabinets, huge loft can be 5th bedroom, 2 other secondary bedrooms and two other full baths. Lots of cabinets & storage space. Home is automated & energy efficient. Community features golf, pool, sports courts, fitness center, recreation/ party rooms, library, billiard room, tennis, basketball, racquetball, gym, restaurant & so much more. Welcome Home to Tuscany Resort.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,697
Property Tax -$356
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
$62

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.

$460,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.71%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$42,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,309

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2004$2,2505$2,320
$2,320
RENT COMPS ANALYSIS
  • 326 Via Dante Henderson, NV 5
    • 4 beds 4 baths ∙ 3,028 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,028 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.77
    •  
  • 290 Via Franciosa Drive Henderson, NV 1
    • 5 beds 3 baths ∙ 2,857 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,857 Sqft ∙ Built 2006
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 900 Via Del Tramonto Street Henderson, NV 2
    • 4 beds 4 baths ∙ 2,856 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,856 Sqft ∙ Built 2007
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 269 Via Franciosa Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2006
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 304 Via Di Citta Drive Henderson, NV 4
    • 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2006
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
PROPERTY LISTING DETAILS
Rosanna Falocco
1.702.767.6993
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222819
Last Updated: 08/19/2020
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