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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $157.24
- 4 Days on Market
- MLS # : 2266331
- Updated Date : 02/05/2021 at 05:43
CONSTRUCTION
- Beds : 4
- Floor Size : 3,466 sqft
- Baths : 2 full
Listing Agent
Life Realty District
Listing Agent's Description
This stunning two story pool/spa, original owner home will not disappoint. Exterior entry of home with large tile and decorative rock. Large interior entry that overlooks formal living room with fireplace and separate formal dining to include custom draperies. Spacious family room with fireplace and slider to patio area. Kitchen includes built in appliances, large island and nook. Lots of natural light throughout. Upstairs primary bedroom with sitting area, fireplace and bath that includes dual sinks, separate tub/shower. Secondary bedrooms are spacious -upstairs loft could be 5th bedroom (has walk in closet). Downstairs bedroom with 3/4 bath. Pool/spa, lots of patio space, built in BBQ. Three car garage. An additional 10" of non-fiberglass, fire retardant, green fiber blown in insulation added. HVAC air handler units have been upgraded with pure air whole house in duct dual UV UVC germicidal lights. Honeywell in-line electronic air cleaners/pre and post filter medias.
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: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,800 |
| EXPENSES | Loan Payment | -$1,893 |
| Property Tax | -$329 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$365
|
||
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.
$545,000
PROJECTED PRICE
$2,800
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.9% |
| 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
$150,175
LOAN DETAILS
$1,893
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $136,250 |
| Loan Amount | $408,750 |
9.5
YEARS SAVED
$72,577
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,800
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,903
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
8 Old Lake Circle Henderson, NV 2
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- Rent
- Rent Per SQFT
- $2,800
- $0.81
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2437 Antler Point Drive Henderson, NV 1
- 5 beds 1 baths ∙ 3,465 Sqft ∙ Built 1995 5 beds 1 baths ∙ 3,465 Sqft ∙ Built 1995
LEASED 01/08/21- Rent
- Rent Per SQFT
- $2,700
- $0.78
-
2504 Hacker Drive Henderson, NV 3
- 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 1994
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,845
- $0.85
-
2423 Legacy Island Circle #0 Henderson, NV 4
- 4 beds 2 baths ∙ 3,428 Sqft ∙ Built 1996 4 beds 2 baths ∙ 3,428 Sqft ∙ Built 1996
LEASED 05/08/20- Rent
- Rent Per SQFT
- $2,990
- $0.87
-
2486 Ram Crossing Way Henderson, NV 5
- 5 beds 1 baths ∙ 3,656 Sqft ∙ Built 1993 5 beds 1 baths ∙ 3,656 Sqft ∙ Built 1993
LEASED 06/12/20- Rent
- Rent Per SQFT
- $3,100
- $0.85
PROPERTY LISTING DETAILS
1.702.281.4141
Life Realty District
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2266331
Last Updated: 02/05/2021
