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3329 Traforo Lane Henderson, NV 89044

3 Beds 3 Baths 2,017 sqft Built 2018

$465,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $230.54
  • 3 Days on Market
  • MLS # : 2280121
  • Updated Date : 03/20/2021 at 16:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,017 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crown Point Realty, Llc

Listing Agent's Description

Open House on Sunday, March 21st from 12:00 - 3:00 Feel like you're living in a new build in this beautiful, modern home in highly-desired community of Inspirada in Henderson. This 2017 square foot home has a large open floorplan, courtyard entry and many upgraded features. Designed as a 3 bedroom, 2.5 bathroom, the 3rd bedroom was converted to a loft. The 1st floor features wood tile plank flooring. The kitchen has custom cabinets, granite countertops and stainless steel appliances. The home also has modern finishes throughout. A fully gated courtyard with firepit and pavers welcomes you home. The backyard living area has a large covered patio. The primary suite, walk in closet, a large primary bathroom with dual vanities, separate shower and tub. Living in the Inspirada community comes with many perks such as parks, pools & splash pads.

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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: West Henderson

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k546k

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

Neighborhood: West Henderson

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802664

* 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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Del E Webb Middle School

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

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,615
Property Tax -$315
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$245

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.

$465,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$12,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,057

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8703$1,8954$1,8995$1,900
$1,900
RENT COMPS ANALYSIS
  • 3329 Traforo Lane Henderson, NV 2
    • 3 beds 3 baths ∙ 2,017 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,017 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.93
    •  
  • 3168 Mckenna Dawn Henderson, NV 1
    • 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2019
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.99
    •  
  • 3171 Brynley Avenue Henderson, NV 3
    • 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2019
    property image
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
  • 3196 Mckenna Dawn Avenue Henderson, NV 4
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2020
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.03
    •  
  • 3224 Mckenna Dawn Avenue Henderson, NV 5
    • 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2020
    property image
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.03
    •  
PROPERTY LISTING DETAILS
Gidget Graham
1.702.930.9551
Crown Point Realty, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280121
Last Updated: 03/20/2021
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