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465 Punto Vallata Drive Henderson, NV 89011

4 Beds 4 Baths 4,198 sqft Built 2007

$725,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $172.70
  • 7 Days on Market
  • MLS # : 2274356
  • Updated Date : 03/03/2021 at 19:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,198 sqft
  • Baths : 3 full , 1 half
Listing Agent

Gk Properties

Listing Agent's Description

Incredible 4 bedroom, 3 1/2 bathroom home in highly desirable Tuscany. Beautiful Italian-inspired architecture leads you to the entry of this home. Foyer with curved staircase centerpiece with wrought iron and wood banister. Chef's kitchen with granite countertops, oversized island, custom cabinets, dual ovens, stainless steel appliances, and beautiful mosaic backsplash. Large family room with fireplace, formal living and dining rooms, and a study with built-in cabinets and desk. As you approach the top of the stairs, there is a large loft, with an alcove for an entertainment center. Primary suite with private balcony and walk-in closet. Spa-like primary bath with make-up table, dual sinks, large tub, walk-in enclosed shower, and granite countertops. Neighborhood amenities include Chimera Golf Course, tennis, resort-style pool, business/fitness center, racquetball, basketball court, landscaped/green spaces to enjoy. Do not miss the opportunity to call this home your own.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,518
Property Tax -$561
Property Insurance -$108
Property Management Fees -$119
CASH FLOW
-$716

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.

$725,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.36%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,613

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,5904$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 465 Punto Vallata Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 4,198 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,198 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.62
    •  
  • 496 Via Palermo Drive Henderson, NV 1
    • 4 beds 4 baths ∙ 3,990 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,990 Sqft ∙ Built 2006
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.63
    •  
  • 469 Via Palermo Drive Henderson, NV 2
    • 4 beds 5 baths ∙ 4,408 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,408 Sqft ∙ Built 2006
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.57
    •  
  • 1268 Olivia Parkway Henderson, NV 4
    • 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.66
    •  
  • 1063 Via Saint Lucia Place Henderson, NV 5
    • 5 beds 5 baths ∙ 4,135 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,135 Sqft ∙ Built 2007
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.63
    •  
PROPERTY LISTING DETAILS
George Kypreos
1.702.815.1555
Gk Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2274356
Last Updated: 03/03/2021
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