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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $189.23
- 5 Days on Market
- MLS # : 2248805
- Updated Date : 11/20/2020 at 14:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,532 sqft
- Baths : 2 full , 1 half
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
New and contemporary living nestled in the perfect location. In the heart of Henderson with all of your services within a mile such as Costco and Sunset Casino. This newly and totally remodeled home feels better than new and offers a ton of upgrades. Enjoy the clean Willows community that is surrounded by playgrounds, parks and bbq areas. Offering an open kitchen to living room concept this home has new kitchens and bathrooms. The kitchen features custom cabinets, Calcutta counters and stainless appliances. The master is larger with a sitting section and the other rooms are a larger comfortable size. Smaller (8x5) loft for a desk or office setup at the top of the stairs. There is a corner lot type backyard and covered patio. Additional convenience includes plenty of parking for guests and Central church is within walking distance. Call me directly to submit your best offer now.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Midway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Midway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$202 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$122
|
||
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.
$289,900
PROJECTED PRICE
$1,570
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.0% |
| 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
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
8.17
YEARS SAVED
$35,790
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,566
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
713 Taliput Palm Place Henderson, NV 4
- 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,570
- $1.02
-
676 Forest Peak Street Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2014
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,450
- $0.96
-
739 Crest Valley Place Henderson, NV 2
- 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2012
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,500
- $0.98
-
723 Taliput Palm Place Henderson, NV 3
- 3 beds 3 baths ∙ 1,467 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,467 Sqft ∙ Built 2007
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,520
- $1.04
-
705 Taliput Palm Henderson, NV 5
- 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 2007
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,700
- $1.11
PROPERTY LISTING DETAILS
1.702.249.8053
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248805
Last Updated: 11/20/2020
