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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $202.82
- 2 Days on Market
- MLS # : 2258351
- Updated Date : 01/02/2021 at 22:28
CONSTRUCTION
- Beds : 4
- Floor Size : 1,918 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Green Valley Gem!! 2173 s.f. is actual s.f., clark county assessors has updated, MLS to be updated on 1/4/21 Huge lot with real grass front and back with lush landscaping, pavers, covered patio with balcony. Gated Community. Freshly Painted. 4 bedrooms 3 bathrooms. Real hardwood flooring. Open kitchen overlooking living room with Stainless steel fridge and dishwasher with island and Granite Counter tops. Huge Primary bedroom with access to balcony and den/office attached. New tile floors, new shower tiles, new glass enclosure in primary bathroom, new light fixture, dual sinks. New vinyl plank flooring in upstairs hall bathroom. New light fixture in downstairs bathroom. Ceiling Fans throughout home. Great location to parks, shopping, restaurants.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Gibson Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gibson Springs
* 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 | -$1,435 |
| Property Tax | -$206 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$45
|
||
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.
$389,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$108,835
LOAN DETAILS
$1,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
5.5
YEARS SAVED
$26,947
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 -
$0.93
LIST RENT PER SQFT
-
$1,741
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
337 Teal Ridge Hills Drive Henderson, NV 4
- 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1997
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- Rent Per SQFT
- $1,780
- $0.93
-
1575 Comfort Hills Street Henderson, NV 1
- 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 1997
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.85
-
334 Teal Ridge Hills Drive Henderson, NV 2
- 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1997
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,716
- $0.89
-
343 Perry Ellis Drive Henderson, NV 3
- 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1995
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
332 Palisades Henderson, NV 5
- 4 beds 3 baths ∙ 1,954 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,954 Sqft ∙ Built 1994
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
PROPERTY LISTING DETAILS
1.702.321.2443
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258351
Last Updated: 01/02/2021
