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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $209.05
- 3 Days on Market
- MLS # : 2255248
- Updated Date : 12/12/2020 at 14:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,459 sqft
- Baths : 2 full
Listing Agent
Polaris Realty
Listing Agent's Description
Great 3-bedroom 2 bath SINGLE STORY floor plan with RV PARKING*Located in Henderson, just nominated as the 2’nd safest large city in the US, in a NON-HOA subdivision and minutes from The Water Street District. Offering excellent separation between the master bedroom and the secondary bedrooms, this floor plan was designed to ensure there is plenty of space for together time and plenty of refuge for private time. In addition to these amenities, this terrific home boasts the following: Great room with FIREPLACE*Dining room*Kitchen with GRANITE COUNTERS and STAINLESS APPLIANCES INCLUDED*Breakfast nook*Ceramic Tile*Wood flooring*COVERED PATIO*and is surrounded by parks, cycling/walking paths, close to great shopping at the Green Valley Ranch District and Galleria Mall as well as being in a great location to access Lake Mead Recreation Area and all of the amazing outdoor entertainment it provides. Please follow the virtual tour link for a 3D virtual walk through.
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: Black Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Black Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,125 |
| Property Tax | -$166 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$144
|
||
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.
$305,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.2% |
| 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
$86,575
LOAN DETAILS
$1,125
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
8.5
YEARS SAVED
$40,348
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,598
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
441 Viewmont Drive Henderson, NV 5
- 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $1,610
- $1.10
-
446 Viewmont Drive Henderson, NV 1
- 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1994
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,495
- $1.09
-
417 Rocky Road Henderson, NV 2
- 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1996
![property image]()
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,495
- $1.09
-
470 Wright Way Henderson, NV 3
- 3 beds 1 baths ∙ 1,368 Sqft ∙ Built 1996 3 beds 1 baths ∙ 1,368 Sqft ∙ Built 1996
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,500
- $1.10
-
479 Opal Drive Henderson, NV 4
- 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1994
![property image]()
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,600
- $1.10
PROPERTY LISTING DETAILS
1.702.336.8595
Polaris Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255248
Last Updated: 12/12/2020
