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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $176.65
- 3 Days on Market
- MLS # : 2271639
- Updated Date : 02/20/2021 at 04:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,021 sqft
- Baths : 2 full , 1 half
Listing Agent
Tr Realty
Listing Agent's Description
You will imagine your furniture in this wonderful 2 story home in Henderson offering Formal Living Room with Family Room downstairs plus a bonus loft upstairs makes this floor plan well thought out for entertaining or simply having room to spread out in these stay at home times. Kitchen that opens to the family room is great for get togethers..WOW! This backyard is a reason to buy for stucco covered patio the full length of the house with tile floors and pavers, parking behind double gates, Artificial grass it is a backyard paradise.
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: McCullough Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: McCullough Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,240 |
| Property Tax | -$221 | |
| Property Insurance | -$66 | |
| 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.
$357,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.5% |
| 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
$100,355
LOAN DETAILS
$1,240
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,250 |
| Loan Amount | $267,750 |
7.83
YEARS SAVED
$36,374
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,844
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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624 Badlands Avenue Henderson, NV 3
- 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,780
- $0.88
-
188 White Butte Street Henderson, NV 1
- 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 2001
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,700
- $0.84
-
725 Smokey Mountain Avenue Henderson, NV 2
- 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2001
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,700
- $0.88
-
675 Pacific Cascades Drive Henderson, NV 4
- 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2000
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,800
- $0.97
-
104 Montalban Court Henderson, NV 5
- 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,085 Sqft ∙ Built 1999
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.96
PROPERTY LISTING DETAILS
1.702.985.5412
Tr Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271639
Last Updated: 02/20/2021
