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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $193.94
- 8 Days on Market
- MLS # : 2264813
- Updated Date : 02/05/2021 at 01:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,855 sqft
- Baths : 1 full , 1 half
Listing Agent
Swg Realty Group
Listing Agent's Description
Newly renovated 2-story house dual MBR floorplan with 3 bedrooms, 2.5 baths, 2 car garage. Large lot with RV parking. Covered/enclosed patio, fully fenced rear yard, and large backyard. Traditional floorplan with formal living room, formal dining room, separate family room with gas fireplace. Brand New White shaker cabinets with self-closing hinges and silver modern pulls. New Stainless steel appliances. Granite countertops. Freshly painted inside. Shower/Tub combo in Master Bath. New carpet and padding. 5" Modern baseboards throughout. New light fixtures, faucets, door handles, shelves.
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: Highland Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$137 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$19
|
||
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.
$359,750
PROJECTED PRICE
$1,550
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 11.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$101,084
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,938 |
| Loan Amount | $269,813 |
5.67
YEARS SAVED
$22,712
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,609
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
635 Glenwood Lane Henderson, NV 3
- 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,550
- $0.84
-
423 Scenic Drive Henderson, NV 1
- 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 1970
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,350
- $0.81
-
904 Coral Cottage Drive #0 Henderson, NV 2
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1996
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,500
- $0.90
-
552 Reliance Avenue Henderson, NV 4
- 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,595
- $0.88
-
554 Pacer Terrace Henderson, NV 5
- 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,595
- $0.88
PROPERTY LISTING DETAILS
1.702.824.7270
Swg Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2264813
Last Updated: 02/05/2021
