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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $196.68
- 3 Days on Market
- MLS # : 2274245
- Updated Date : 03/07/2021 at 01:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,110 sqft
- Baths : 2 full
Listing Agent
Centurion Management Services
Listing Agent's Description
Beautiful recently remodel 4 bed/2 bath 2110 sq ft home with a 3 car garage, open floorplan with top quality white kitchen cabinets, high-end stainless steel appliances including a wine/beverage cooler in kitchen area, and a walk-in pantry. Shutters in living room. Two walk-in closets in master bedroom with double sinks, jetted tub and a separate shower. Master bedroom has French doors that lead to backyard. Outdoor backyard equipped with a patio cover, outdoor grill on a custom build counter, and a wood burning fire pit. All bedrooms are equipped with ceiling fans. Exterior recently painted. Home is located on a corner lot directly across Roadrunner Park for family entertainment. Home is immaculate and in turn key condition. Gorgeous home for indoor and outdoor entrainment. MUST SEE! NO HOA. Request Fidelity National Title for escrow.
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: River Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: River Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$226 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$134
|
||
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.
$415,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
4.25
YEARS SAVED
$16,972
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,772
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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542 Trocadero Street Henderson, NV 3
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523 Duran Street Henderson, NV 1
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LEASED 09/08/20- Rent
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- $1,650
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994 Broken Reed Court Henderson, NV 2
- 4 beds 3 baths ∙ 1,966 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,966 Sqft ∙ Built 1997
LEASED 02/15/21- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
1152 Pincay Henderson, NV 4
- 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1997
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,735
- $0.82
-
1054 Atticus Avenue #0 Henderson, NV 5
- 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2001
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.85
PROPERTY LISTING DETAILS
1.310.293.4467
Centurion Management Services
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2274245
Last Updated: 03/07/2021
