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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $204.08
- 3 Days on Market
- MLS # : 2269942
- Updated Date : 02/13/2021 at 21:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,470 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
WOW!!! Move in ready home located in the Heart of Green Valley!!! This 3 bedroom, 2.5 bath homes has been nicely updated! Kitchen featuring granite counters, custom cabinets and dining nook open to the family room. Upgraded bathrooms with amazing walk-in showers and upgraded cabinets. Tile flooring downstairs, ceiling fans in all bedrooms! LOW HOA!! Zoned for Green Valley High School! Close to shopping, restaurants and more!!! Don't miss out!! This home will sell fast!!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Green Valley North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$169 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$124
|
||
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.
$300,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
8.08
YEARS SAVED
$31,369
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,503
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
396 Legacy Drive Henderson, NV 3
- 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,510
- $1.03
-
2090 Club Crest Way Henderson, NV 1
- 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1989
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,500
- $0.99
-
2049 Waverly Circle Henderson, NV 2
- 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1988
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,500
- $0.99
-
346 Pinnacle Court Henderson, NV 4
- 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1988
LEASED 12/17/20- Rent
- Rent Per SQFT
- $1,525
- $1.04
-
376 Legacy Drive Henderson, NV 5
- 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1989
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,595
- $1.07
PROPERTY LISTING DETAILS
1.702.219.2000
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269942
Last Updated: 02/13/2021
