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464 Via Palermo Drive Henderson, NV 89011

4 Beds 4 Baths 3,791 sqft Built 2006

$634,900

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $167.48
  • 4 Days on Market
  • MLS # : 2270129
  • Updated Date : 02/14/2021 at 05:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,791 sqft
  • Baths : 3 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Incredible property in Tuscany. Neighborhood amenities include Chimera Golf Course, tennis, resort style pool, business/fitness center, racquetball, basketball court, landscaped/green spaces to enjoy. This home features Viking appliances, central vacuum system, intercom system, 4 AC units controlled wirelessly, cellulose insulation, recirculating pump, plantation shutters throughout, granite countertops throughout, 4 fireplaces, 5.1 surround sound in Family room, built-in entertainment center, back patio with gas stub & built-in bar island with Icemaker and refrigerator. Be sure to notice Strip/Mountain views from the second floor

SEE MORE

MARKET HIGHLIGHTS

  • 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: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802043

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$571,410$698,390$634,900

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,205
Property Tax -$524
Property Insurance -$101
Property Management Fees -$119
CASH FLOW
-$229

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.

$634,900

PROJECTED PRICE

$2,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$173,999

INVESTMENT

$173,999

Down Payment
$158,725
Rehab Estimate
$5,750
Closing Costs
$9,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,205

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,725
Loan Amount $476,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$22,012

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,720

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,815

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4953$2,7204$2,8005$3,650
$3,650
RENT COMPS ANALYSIS
  • 464 Via Palermo Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 3,791 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,791 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.72
    •  
  • 1057 Via Della Costrella Henderson, NV 1
    • 5 beds 4 baths ∙ 3,808 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,808 Sqft ∙ Built 2016
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.64
    •  
  • 560 Via Colmo Avenue #0 Henderson, NV 2
    • 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.64
    •  
  • 1043 Via Di Olivia Henderson, NV 4
    • 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
  • 472 Punto Vallata Drive Henderson, NV 5
    • 4 beds 4 baths ∙ 3,983 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,983 Sqft ∙ Built 2007
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Pamela Turner
1.225.485.7086
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270129
Last Updated: 02/14/2021
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