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462 Aubade Court 
Henderson, NV
89011
5 Beds 2 Baths 2,422 sqft
Built 2017
INVESTimate
$400,000
List Price
$111,750
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $165.15
- 3 Days on Market
- MLS # : 2224713
- Updated Date : 08/25/2020 at 12:37
CONSTRUCTION
- Beds : 5
- Floor Size : 2,422 sqft
- Baths : 2 full
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
WOW!THE MOMENT YOU TAKE YOUR FIRST STEPS INTO THIS STUNNING MASTERPIECE YOU FEEL LIKE YOU ARE IN A NEW HOME MODEL. METICULOUS TO A TEE. THE GOURMET KITCHEN JUST OFF THE LARGE GREAT ROOM HAS SPECTACULAR SUBWAY TILE BACK SPLASH, STAINLESS STEEL APPLIANCES, A HUGE ISLAND AND UPGRADED WHITE CABINETS. THERE IS A BEDROOM DOWN WITH 3/4 BATH GREAT FOR GUESTS. THE HUGE LOFT UPSTAIRS SERVES A GREAT COZY GETAWAY. THE MASTER SUITE IS GRAND WITH A MASTER BATH BOASTING A HUGE SHOWER, SEPARATE TUB AND LARGE WALK IN CLOSET. THIS LAYOUT IS AMAZING WITH THREE OTHER BEDROOMS UPSTAIRS. THE REAR YARD IS LOW MAINTENANCE AND THE PERFECT CONVERSATION AREA. THE CADENCE MASTER PLAN HAS ALL OF THE AMENITIES YOU WANT WITH POOLS PARKS AND TRAILS GALORE AS WELL AS A MAN MADE LAKE AND AMPHITHEATER. THIS IS THE ONE!!
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: Cadence
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cadence
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$311 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$40
|
||
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.
$400,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.21% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
5.5
YEARS SAVED
$27,613
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,944
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
462 Aubade Court Henderson, NV 5
- 5 beds 2 baths ∙ 2,422 Sqft ∙ Built 2017 5 beds 2 baths ∙ 2,422 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,940
- $0.80
-
369 Gracious Way Henderson, NV 1
- 4 beds 4 baths ∙ 2,344 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,344 Sqft ∙ Built 2016
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,845
- $0.79
-
856 Water Street Henderson, NV 2
- 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2017
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,875
- $0.81
-
458 Aubade Court Henderson, NV 3
- 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,396 Sqft ∙ Built 2017
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,895
- $0.79
-
348 Mezzaforte Street Henderson, NV 4
- 4 beds 2 baths ∙ 2,320 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,320 Sqft ∙ Built 2018
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,895
- $0.82
PROPERTY LISTING DETAILS
1.702.271.5500
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224713
Last Updated: 08/25/2020
