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75 Via Di Mello Henderson, NV 89011

3 Beds 2 Baths 1,860 sqft Built 2013

INVESTimate

$412,500

List Price

$1,800

$1,620 - $1,980

Rent Est.

$444,139  ( +7.67%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $221.77
  • 2 Days on Market
  • MLS # : 2224820
  • Updated Date : 08/25/2020 at 22:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,860 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

WHAT AN AMAZING DEAL $10,000 SPORTS CLUB INITIATION FEE INCLUDED!*BEST PRICED SINGLE STORY IN LAKE LAS VEGAS!, PRIVATE BACKYARD WITH NO HOUSES OVERLOOKING, MASTER SEPARATE FROM GUEST ROOMS*EXPENSIVE CHANDELIERS AT FAMILY ROOM & FORMAL DINING ROOM!*the inviting kitchen overlooking the family room is the perfect setting for family gatherings, kitchen shows off with a variety of colors with distressed matte finish*granite counter tops and over $7,000 in BRAND NEW STAINLESS STEEL APPLIANCES*this well designed layout maximizes the 1,860 Sq Ft*Lake Las Vegas is like no other place in Vegas, this isolated paradise is the prime location for people from all over the world, it's surrounded by miles and miles of walking trails, bike lanes, 2 golf courses, a gorgeous lake where you can do Stand Up Paddleboard, Kayaks, Pedal Boats you can also fly on water pressure or soar over the air with a water-propelled jetpack, you can also enjoy the sunset on a yacht cruise, it's just an incredible lifestyle

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$371,250$453,750$412,500

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,522
Property Tax -$304
Property Insurance -$63
HOA -$135
Property Management Fees -$119
CASH FLOW
-$343

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.

$412,500

PROJECTED PRICE

$1,800

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.67%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,063

INVESTMENT

$115,063

Down Payment
$103,125
Rehab Estimate
$5,750
Closing Costs
$6,188

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,522

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,125
Loan Amount $309,375
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,967

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9954$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 75 Via Di Mello Henderson, NV 1
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 142 Via Di Mello Henderson, NV 2
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2013
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 105 Via Di Mello Henderson, NV 3
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2012
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.07
    •  
  • 147 Via Di Mello Henderson, NV 4
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2011
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
  • 71 Avenza Henderson, NV 5
    • 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 2008
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
PROPERTY LISTING DETAILS
Leo Mendoza
1.702.502.1382
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224820
Last Updated: 08/25/2020
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