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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $219.13
- 3 Days on Market
- MLS # : 2271669
- Updated Date : 02/20/2021 at 08:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,652 sqft
- Baths : 2 full
Listing Agent
The Pmg Realty Company Llc
Listing Agent's Description
Beautiful 1 story home in an HOA free community, with a very large private backyard and covered patio. Spacious layout w/vaulted ceilings. Separate Master Bedroom w/walk in closet. Conveniently placed with easy access to 215 & 95 freeways. Property does have solar attached that owners would like to sell with the house balance remaining $28,253. Option to purchase water osmosis/softener system.
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: 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 | $1,440 |
| EXPENSES | Loan Payment | -$1,257 |
| Property Tax | -$195 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$191
|
||
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.
$362,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.40%
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
$101,680
LOAN DETAILS
$1,257
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $90,500 |
| Loan Amount | $271,500 |
3.25
YEARS SAVED
$9,634
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,495
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
461 Waterwheel Falls Drive Henderson, NV 1
- 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,440
- $0.87
-
705 Principle Point Avenue Henderson, NV 2
- 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2003
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,450
- $0.89
-
281 Pastel Cloud Street Henderson, NV 3
- 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 2007
LEASED 04/04/20- Rent
- Rent Per SQFT
- $1,490
- $0.82
-
639 Ember Rock Henderson, NV 4
- 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2008
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,699
- $0.94
-
264 Pastel Cloud Street Henderson, NV 5
- 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2007
LEASED 11/03/20- Rent
- Rent Per SQFT
- $1,750
- $0.97
PROPERTY LISTING DETAILS
1.702.354.5914
The Pmg Realty Company Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271669
Last Updated: 02/20/2021
