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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $184.52
- 5 Days on Market
- MLS # : 2271467
- Updated Date : 02/27/2021 at 01:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,680 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Amazingly Charming 3 Bdrm Townhome that won't last long! Located in a Guard Gated Community w/ Pool, your new home is located 5 mins from all the new Shopping & Restaurant venues now being built on St Rose Pkwy. You are welcomed into a tiled Foyer upon entering. Upstairs you will find a Gorgeous Chef's Kitchen with Cherry Cabs, Granite Counters & loads of Storage Space. Enjoy your meals or cocktails on the balcony off the kitchen. On this level is the Primary Bedroom with a large walk in closet. There is also a good sized Living Room & Guest Bathroom. Downstairs you will find 2 Bedrooms with Full Bath, along with an extra Bonus Room that can be used as needed. This is where you will find your laundry room, access to the easy care backyard, and the garage. The yard comes complete with Fire Pit and artificial turf. Don't waste a moment waiting to see this Gem! Welcome Home!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$304 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$91
|
||
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.
$310,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
7.25
YEARS SAVED
$27,035
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,672
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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861 Shining Rose Place Henderson, NV 1
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LEASED 10/27/20- Rent
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- $1,500
- $1.00
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LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,550
- $1.00
-
3640 Via Marliana Henderson, NV 3
- 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,626 Sqft ∙ Built 2013
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,620
- $1.00
-
3753 Via Gaetano Henderson, NV 5
- 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2011
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
PROPERTY LISTING DETAILS
1.702.994.8269
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271467
Last Updated: 02/27/2021
