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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $243.96
- 2 Days on Market
- MLS # : 2263878
- Updated Date : 01/24/2021 at 04:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,824 sqft
- Baths : 2 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Fully furnished turnkey home in a premier Cadence Village promoting a sense of community anchored by Central Park with a pond, trails, pool, and recreation. Premium corner lot offers a sense of privacy with no side neighbor. Flexible floor plan consists of an open concept with a double glass patio slider promoting indoor/outdoor living. Spacious family room with ceiling fan is ideal for relaxing or entertaining. Kitchen highlighted by sleek white cabinetry, linear stone tile backsplash, quartz counters, radius island, and built-in GE stainless steel appliances. Primary suite indulges the senses with patio views and a spa inspired bathroom. Second and third bedrooms have an adjacent bathroom with double sinks. Upgrades include wood plank tile, contemporary paint, plush carpet, and security system with cameras. Fully landscaped backyard including extended paver stone covered patio, ceiling fan, synthetic lawn, vibrant plants, and paver walkway.
SEE MORE
- 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: Cadence
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cadence
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$319 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$316
|
||
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.
$444,990
PROJECTED PRICE
$1,730
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.2% |
| Maintenance Year (1-5) | 8.00% |
| 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
$123,672
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,248 |
| Loan Amount | $333,743 |
2.25
YEARS SAVED
$6,900
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,756
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
361 Cadence View Way Henderson, NV 3
- 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,730
- $0.95
-
139 Alla Breve Avenue Henderson, NV 1
- 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 2018
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.95
-
1055 Spotted Saddle Street Henderson, NV 2
- 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2016
LEASED 11/10/20- Rent
- Rent Per SQFT
- $1,730
- $0.97
-
392 Espressivo Street Henderson, NV 4
- 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2018
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,750
- $0.93
-
399 Andy Wheeler Drive Henderson, NV 5
- 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 2019
LEASED 11/18/20- Rent
- Rent Per SQFT
- $1,800
- $1.00
PROPERTY LISTING DETAILS
1.702.436.3615
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263878
Last Updated: 01/24/2021
