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361 Via San Remo Circle Henderson, NV 89011

3 Beds 3 Baths 2,167 sqft Built 2017

$575,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $265.34
  • 6 Days on Market
  • MLS # : 2247377
  • Updated Date : 11/12/2020 at 22:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,167 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*BEAUTIFUL MODEL ONE STORY CUSTOM HOME*LOW MAINTENANCE DESERT LANDSCAPING*SPACIOUS FINISHED THREE CAR GARAGE W AMPLE STORAGE*OPEN FLOOR PLAN W TONS OF NATURAL LIGHTING*MODERN HOME*RECESSED LIGHTING*CROWN MOLDING*SPACIOUS LIVING ROOM W TONS OF NATURAL LIGHTING W GLASS BACK DOORS LEADING TO PATIO*GOURMET KITCHEN W ISLAND, BREAKFAST BAR, RECESSED LIGHTING, BUILT IN MICROWAVE, CUSTOM CABINETS W AMPLE STORAGE, WALK- IN PANTRY, BACKSPLASH BEHIND STOVE TOP, GARDEN WINDOW, MODERN LIGHTING FIXTURES & MARBLE/STONE COUNTERTOPS*SHUTTERS THROUGHOUT*LARGE MASTER SUITE W SEPARATE DOUBLE SINKS, TUB, STAND UP SHOWER, CUSTOM WALK-IN CLOSET W BUILT IN SHELVING*SPACIOUS BEDROOM W CEILING FANS*OPEN BACKYARD PERFECT FOR ENTERTAINMENT W COVERED PATIO, PAVERS, SPARKLING POOL W CEILING FANS UNDER COVERED PATIO*AMAZING GOLF COURSE VIEWS FROM BACKYARD*DOG RUN W GRAVEL/ROCK LANDSCAPING ON SIDE OF HOME*PROPERTY IS IN WELL DESIRED LOCATION NEAR GOLF COURSE- CONVIENT NEAR SHOPPING & DINING*

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: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

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

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802043

* 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
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

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

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$517,500$632,500$575,000

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 -$2,122
Property Tax -$368
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$807

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.

$575,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.7%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$362

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
  • $0.86

    LIST RENT PER SQFT
  • $1,907

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,8504$1,8705$2,000
$2,000
RENT COMPS ANALYSIS
  • 361 Via San Remo Circle Henderson, NV 4
    • 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.86
    •  
  • 1052 Via Prato Lane Henderson, NV 1
    • 3 beds 4 baths ∙ 2,001 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,001 Sqft ∙ Built 2007
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.85
    •  
  • 1093 Via Prato Lane #0 Henderson, NV 2
    • 3 beds 4 baths ∙ 2,001 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,001 Sqft ∙ Built 2007
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.90
    •  
  • 1053 Via Prato Lane Henderson, NV 3
    • 3 beds 4 baths ∙ 2,238 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,238 Sqft ∙ Built 2007
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 254 Via Franciosa Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247377
Last Updated: 11/12/2020
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