Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $183.30
- 2 Days on Market
- MLS # : 2244162
- Updated Date : 11/02/2020 at 13:41
CONSTRUCTION
- Beds : 5
- Floor Size : 3,137 sqft
- Baths : 3 full
Listing Agent
Re/max Advantage
Listing Agent's Description
Looking for a Tropical Oasis in Henderson? This 3,137 sq ft Home Features a Resort Style, Lush Backyard w/ 30'x15' SOLAR Heated, SALT Water Pool, Large Shallow Baja Shelf & Pergola Covered Spa. 5 Bdrms, 3 Baths w/ Downstairs Guest Room. Chef's Kitchen Featuring Double Ovens w/ Convection/Air Fry Features & Walk Thru Butler's Pantry. Large Entertainer's Room/Dining Room Upon Entry. Upgraded Flooring. Cozy Gas Fireplace in Family Room & Plenty of Storage Closets. Downstairs Laundry Room w/ Door to Exterior. LG High Capacity Washer/Dryer Included. 3 Car Garage w/ High Loft Storage & Door to Side Yard. Upstairs You'll Find a Giant Loft, 3 Bdrms & XL Primary Bedroom w/ Walk In Closet, Primary Bath w/ Double Sink, Tub & Separate Shower. Large Grassy Yard w/ Fruit trees & Organic Edible Garden, Fire Pit, Built In Bar & Grill w/ Pergola Coverings. Zoned for Highly Coveted Schools. Great Location! Convenient to Parks, Shopping & Restaurants. Custom Pool Safety Fencing Included. Low HOA!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: MacDonald Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: MacDonald Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$2,122 |
| Property Tax | -$346 | |
| Property Insurance | -$88 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$74
|
||
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.
$575,000
PROJECTED PRICE
$2,600
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.3% |
| 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
$158,125
LOAN DETAILS
$2,122
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $143,750 |
| Loan Amount | $431,250 |
5.42
YEARS SAVED
$39,292
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,557
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
742 Asbury Park Street Henderson, NV 4
- 5 beds 3 baths ∙ 3,137 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,137 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,600
- $0.83
-
806 Sandhill Sage Henderson, NV 1
- 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,295
- $0.77
-
917 Sir Winston Street Henderson, NV 2
- 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000
LEASED 02/29/20- Rent
- Rent Per SQFT
- $2,345
- $0.79
-
2898 Tremont Avenue Henderson, NV 3
- 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,500
- $0.85
-
744 Barnegat Bay Henderson, NV 5
- 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,695
- $0.85
PROPERTY LISTING DETAILS
1.702.715.5174
Re/max Advantage
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2244162
Last Updated: 11/02/2020
