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3332 Solento Lane Henderson, NV 89044

4 Beds 3 Baths 2,428 sqft Built 2018

$458,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $188.63
  • 4 Days on Market
  • MLS # : 2261371
  • Updated Date : 01/14/2021 at 19:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,428 sqft
  • Baths : 3 full
Listing Agent

Simply Vegas

Listing Agent's Description

Don't be fooled by the base price on spec homes from nearby builders. If you go that route, and select the upgrades that this new, never lived in 4 bedroom, 3 bath Pardee home has, you'll be paying more for a lesser home. The best part with this home is that you can move right in just as fast as you can close on it - all while saving money and having more. No need to wait months for construction to be completed. The backyard is finished, the SID has been paid off, and the structural upgrades, including covered patio, have already been made. The value is truly in those details. Beyond the financial sense, this home offers a spacious open layout, stainless steel appliances in mint, never used condition, and a master suite accompanied by a master closet which boasts the size of many bedrooms. Located in master planned, amenity-rich Inspirada, you'll enjoy multiple parks, playgrounds, pools, trails, community gathering places, and great nearby schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$412,200$503,800$458,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,591
Property Tax -$345
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$211

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.

$458,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.51%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$127,120

INVESTMENT

$127,120

Down Payment
$114,500
Rehab Estimate
$5,750
Closing Costs
$6,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,591

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,500
Loan Amount $343,500
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$50,282

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,325

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3404$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 3332 Solento Lane Henderson, NV 3
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.96
    •  
  • 3338 Casalette Lane Henderson, NV 1
    • 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 2019
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 3029 Taranto Heights Avenue Henderson, NV 2
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
  • 2707 Hammetts Landing Walk Henderson, NV 4
    • 4 beds 4 baths ∙ 2,488 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,488 Sqft ∙ Built 2018
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
  • 2606 Marvel Astoria Street Henderson, NV 5
    • 4 beds 4 baths ∙ 2,488 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,488 Sqft ∙ Built 2015
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Joshua Hayes
1.702.515.9820
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261371
Last Updated: 01/14/2021
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