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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $152.99
- 7 Days on Market
- MLS # : 2255610
- Updated Date : 12/18/2020 at 11:27
CONSTRUCTION
- Beds : 5
- Floor Size : 2,157 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
CLOSE TO EVERYTHING! Needing to be near stores, the airport & the freeways? 2 downstairs rooms, possibly an office and a bedroom. RV parking, large backyard & great neighborhood. Local award winning schools, steps to Galleria Mall, Sunset Station w/ theaters & restaurants. Near community pool, hiking trails, Wetlands, Cow-A-Bunga Bay water park & Ethel M's Chocolate. This is the place to call HOME. Lots of room to spread out or a great place to start a family or your next step to your growing family. Come by and check it out.
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: Whitney Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Whitney Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$187 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$218
|
||
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.
$329,999
PROJECTED PRICE
$1,810
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.1% |
| 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
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,499 |
9.42
YEARS SAVED
$50,478
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,785
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
734 Panhandle Drive Henderson, NV 4
- 5 beds 3 baths ∙ 2,157 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,157 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,810
- $0.84
-
1719 Mesquite Court Henderson, NV 1
- 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,009 Sqft ∙ Built 1990
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,550
- $0.77
-
762 Butternut Court Henderson, NV 2
- 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,943 Sqft ∙ Built 1988
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,695
- $0.87
-
1429 Hawkwood Road Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1991
LEASED 04/23/20- Rent
- Rent Per SQFT
- $1,700
- $0.80
-
903 Crowfoot Circle Henderson, NV 5
- 5 beds 4 baths ∙ 2,305 Sqft ∙ Built 1991 5 beds 4 baths ∙ 2,305 Sqft ∙ Built 1991
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,000
- $0.87
PROPERTY LISTING DETAILS
1.702.379.7357
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255610
Last Updated: 12/18/2020
