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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $189.59
- 5 Days on Market
- MLS # : 2261483
- Updated Date : 01/15/2021 at 23:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,632 sqft
- Baths : 3 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
NEWER SINGLE STORY IN HEART OF GREEN VALLEY/WHITNEY RANCH....CENTRALLY LOCATED CLOSE TO GALLERIA MALL, RESTAURANTS & EASY FREEWAY ACCESS! SPACIOUS 4 BEDROOM (INCLUDING CASITA STYLE FRONT BEDROOM W/BATH AND PRIVATE GARAGE), 3 FULL BATH & 3 CAR GARAGE W/ HUGE SIDE YARD AND 8 FT SIDE GATE! ENJOY UPGRADED CABINETS W/ PULL OUTS, GRANITE COUNTERS, HUGE WALK IN PANTRY AND EXTERNAL EXHAUST FAN ABOVE 5 BURNER GAS STOVE. INCLUDES S/S GE APPLIANCES & S/S FRIDGE W/ WATER/ICE DISPENSER! HOME FEATURES TWO-TONE PAINT, UPGRADED BASEBOARDS AND UPGRADED TILE FLOORING. ALL LARGE BEDROOMS WITH WALK IN CLOSETS, CEILING FAN LIGHT FIXTURES & UPGRADED PADDED CARPETS. LAUNDRY ROOM WITH SINK & CABINETS....WATER SOFTENER CONVEYS TOO! ENJOY TALL 8FT INTERIOR & EXTERIOR DOORS. REAR YARD WITH CUSTOM COVERING AND EXTENDED PATIO. MANY OPTIONS FOR WORKSHOP, ETC. ON LARGE SIDE YARD & 8 FT SIDE ACCESS GATE! CALL AND SCHEDULE YOUR SHOWING TODAY!
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 | $2,180 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$348 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$98
|
||
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.
$499,000
PROJECTED PRICE
$2,180
PROJECTED RENT
0.44%
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
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
4.58
YEARS SAVED
$23,531
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,264
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
783 Flowing Meadow Drive Henderson, NV 3
- 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,180
- $0.83
-
330 John Henry Drive Henderson, NV 1
- 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1995
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,995
- $0.82
-
1692 Butterfly Ridge Avenue Henderson, NV 2
- 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2013
LEASED 03/11/20- Rent
- Rent Per SQFT
- $2,000
- $0.82
-
1339 Summer Dawn Avenue Henderson, NV 4
- 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1996
LEASED 10/05/20- Rent
- Rent Per SQFT
- $2,200
- $0.91
-
1626 Sedona Cliffs Avenue Henderson, NV 5
- 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2015
LEASED 11/04/19- Rent
- Rent Per SQFT
- $2,300
- $0.89
PROPERTY LISTING DETAILS
1.702.885.7756
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2261483
Last Updated: 01/15/2021
