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528 Mia Isabella Court Henderson, NV 89052

4 Beds 4 Baths 3,734 sqft Built 2007

$699,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $187.20
  • 3 Days on Market
  • MLS # : 2263291
  • Updated Date : 01/23/2021 at 22:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,734 sqft
  • Baths : 3 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

**TWO MASTER BEDROOM SUITES*Separate Master & Den down*Master+2 guest bedrms & large loft up*Custom Cabinets*Granite Counters*Plantation Shutters*Sparkling Pool & Spa*Private back yard*Adjacent to Green Valley Ranch*GVR Casino* Easy access to I-215 and I-95 freeways*NO HOA* Airbnb Approved! Noise monitors, security cameras, interconnected smoke and carbon monoxide monitors, ring doorbell, nest thermostat controls, and pool heater control! Furniture can be included in the sale!

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: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k396k

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

Neighborhood: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802045

* 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,428
Property Tax -$404
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
-$290

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.

$699,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$23,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,801

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6953$2,7604$2,7955$3,050
$3,050
RENT COMPS ANALYSIS
  • 528 Mia Isabella Court Henderson, NV 3
    • 4 beds 4 baths ∙ 3,734 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,734 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $0.74
    •  
  • 533 Blanche Court #0 Henderson, NV 1
    • 4 beds 4 baths ∙ 3,486 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,486 Sqft ∙ Built 2007
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.72
    •  
  • 2649 Smooth Blend Place #0 Henderson, NV 2
    • 5 beds 3 baths ∙ 3,418 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,418 Sqft ∙ Built 2006
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 2644 French Roast Place #0 Henderson, NV 4
    • 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 2006
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.74
    •  
  • 464 Beardsley Circle Henderson, NV 5
    • 5 beds 3 baths ∙ 4,058 Sqft ∙ Built 2000 5 beds 3 baths ∙ 4,058 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.75
    •  
PROPERTY LISTING DETAILS
Joseph Andron
1.305.608.3543
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263291
Last Updated: 01/23/2021
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