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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $173.53
- 3 Days on Market
- MLS # : 2276258
- Updated Date : 03/06/2021 at 19:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,161 sqft
- Baths : 1 full , 1 half
Listing Agent
General Realty Group Inc
Listing Agent's Description
Gorgeous 4 Bedroom/2.5 Bath in Henderson Gated Community. Beautiful laminate floors, granite counter tops, garden window, and dining area with ceiling fan and patio door. Practically new Samsung front loading washer/dryer. Master Bedroom has brand new laminate flooring and Balcony with incredible mountain views. Front landscaping maintained by the HOA! Beautiful Covered patio with fresh backyard landscaping. Synthetic grass, pavers, and fire pit for those smores’ nights. Exterior painted within the last year. Community pool and playgrounds. Easy access to freeway and shopping. Don’t miss out on this one!
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: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$238 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$48
|
||
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.
$375,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
5.33
YEARS SAVED
$20,721
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,810
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
612 Desert Passage Street Henderson, NV 2
- 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,680
- $0.78
-
185 Azalea Springs Avenue Henderson, NV 1
- 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2006
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
160 Calm Morning Avenue Henderson, NV 3
- 3 beds 3 baths ∙ 2,161 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,161 Sqft ∙ Built 2005
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,750
- $0.81
-
624 Monument Point Street Henderson, NV 4
- 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2004
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,750
- $0.85
-
158 Cloud Cover Avenue Henderson, NV 5
- 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2006
LEASED 02/05/21- Rent
- Rent Per SQFT
- $1,750
- $0.85
PROPERTY LISTING DETAILS
1.702.327.4070
General Realty Group Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2276258
Last Updated: 03/06/2021
