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7 Via Del Garda Henderson, NV 89011

4 Beds 5 Baths 3,916 sqft Built 2005

$1,475,000

List Price

$3,880

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $376.66
  • 4 Days on Market
  • MLS # : 2260565
  • Updated Date : 01/21/2021 at 23:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,916 sqft
  • Baths : 4 full , 1 half
Listing Agent

Windermere Prestige Properties

Listing Agent's Description

A rare opportunity to live on the lake! This unique custom home in guard gated South shore offers all of the amenities you could ever want. Fully furnished and a smart house dream. The timeless home's design includes wooden beams, stone flooring and patios on every level. 4 ensuite bedrooms, a gourmet kitchen, elevator to all floors, 2 fireplaces, and gated front courtyard are some of the many upgrades. Fully retractable doors on the lower level offer the transition from the inside family room with wet bar to the outside deck with the barbecue and spa offering indoor/outdoor entertaining. Refresh yourself and get your exercise at the same time while swimming or rowing in the swim spa on your back deck. For a more relaxing moment enjoy the spa and a glass of wine while watching the sun set over the Lake. Utilize your own dock to enjoy all the recreational fun the lake provides including paddle boarding, canoeing and electric boating. Lake Club membership can be transferred to buyer.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k449k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10803087

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$1,327,500$1,622,500$1,475,000

PURCHASE PRICE

$3,492$4,268$3,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,880
EXPENSES Loan Payment -$5,123
Property Tax -$359
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$1,824

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.

$1,475,000

PROJECTED PRICE

$3,880

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$396,625

INVESTMENT

$396,625

Down Payment
$368,750
Rehab Estimate
$5,750
Closing Costs
$22,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,123

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $368,750
Loan Amount $1,106,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,925

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,880

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,622

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,8803$3,900
$3,900
RENT COMPS ANALYSIS
  • 7 Via Del Garda Henderson, NV 2
    • 4 beds 5 baths ∙ 3,916 Sqft ∙ Built 2005 4 beds 5 baths ∙ 3,916 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,880
    • $0.99
    •  
  • 23 Avenida Sorrento Henderson, NV 1
    • 4 beds 5 baths ∙ 4,125 Sqft ∙ Built 2005 4 beds 5 baths ∙ 4,125 Sqft ∙ Built 2005
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.87
    •  
  • 62 Contrada Fiore Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2007
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.98
    •  
PROPERTY LISTING DETAILS
Sharla D Scharpnick
1.702.806.4819
Windermere Prestige Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260565
Last Updated: 01/21/2021
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