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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $177.90
- 3 Days on Market
- MLS # : 2256598
- Updated Date : 12/18/2020 at 15:32
CONSTRUCTION
- Beds : 3
- Floor Size : 2,113 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
This is it. Fantastic 3 bedroom home on large lot. Open, spacious floorplan, plenty of room and grass to play on in backyard. Vaulted ceilings, tile floors thru out ground level. Country kitchen with solid counters. Located in sought after Green Valley with ez access to shopping, restaurants and all the great things Green Valley has to offer!
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: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,387 |
| Property Tax | -$179 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$127
|
||
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.
$375,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.9% |
| 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
$105,364
LOAN DETAILS
$1,387
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,975 |
| Loan Amount | $281,925 |
7.92
YEARS SAVED
$45,214
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,875
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
61 Megan Drive Henderson, NV 3
- 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $1,880
- $0.89
-
76 Chesney Drive Henderson, NV 1
- 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1986
![property image]()
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,795
- $0.85
-
55 Westheimer Henderson, NV 2
- 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,825
- $0.86
-
6 Megan Drive Henderson, NV 4
- 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1988
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.90
-
41 Westheimer Road Henderson, NV 5
- 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987
![property image]()
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,995
- $0.94
PROPERTY LISTING DETAILS
1.702.480.6252
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256598
Last Updated: 12/18/2020
