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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $247.62
- 2 Days on Market
- MLS # : 2255301
- Updated Date : 12/12/2020 at 21:17
CONSTRUCTION
- Beds : 3
- Floor Size : 2,100 sqft
- Baths : 2 full , 1 half
Listing Agent
Urban Nest Realty
Listing Agent's Description
Welcome home to this gorgeous "Model-Like" home in Inspirada. Marin community by Toll Brothers boasts 2.5 miles from Raiders practice facility and close to parks, pools, leisure, playgrounds, Amazon center and shopping. Custom flooring with amazing kitchen w/granite, stainless appliances, sep laundry room, water softener, tankless water heater, BBQ stub, 3 car garage with epoxy flooring and high storage. Shutters throughout, low E (3M) windows, beautiful Master bath with huge shower! Plenty of privacy and goregous living you wont want to miss!
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: West Henderson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Henderson
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,919 |
| Property Tax | -$406 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$321
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$520,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.42%
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) | 3.00% |
| 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
$139,800
LOAN DETAILS
$1,919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
2.83
YEARS SAVED
$13,643
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,922
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
3376 Aultmore Lane Henderson, NV 4
- 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,190
- $1.04
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3111 Paladi Avenue Henderson, NV 1
- 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 2015
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,790
- $0.88
-
3114 Paladi Henderson, NV 2
- 4 beds 1 baths ∙ 2,039 Sqft ∙ Built 2017 4 beds 1 baths ∙ 2,039 Sqft ∙ Built 2017
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,895
- $0.93
-
3115 Paladi Avenue Henderson, NV 3
- 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2015
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,900
- $0.93
-
3338 Casalette Lane Henderson, NV 5
- 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
PROPERTY LISTING DETAILS
1.702.376.7123
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255301
Last Updated: 12/12/2020
