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802 Via De Santa Maria Henderson, NV 89011

3 Beds 3 Baths 2,472 sqft Built 2016

INVESTimate

$400,000

List Price

$1,780

$1,602 - $1,958

Rent Est.

$434,840  ( +8.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $161.81
  • 8 Days on Market
  • MLS # : 2223218
  • Updated Date : 08/24/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,472 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crown Point Realty, Llc

Listing Agent's Description

Gorgeous Home In A Guard Gated Community Of The Tuscany Master Plan! This Home Sits On A Spacious Cul-De-Sac Lot With No Rear Neighbors! Enter Into The Home To Beautiful Tile Flooring Throughout The Entire First Floor!! You Have To Check Out The Immaculate Kitchen With A Huge Kitchen Island, Granite Counter Tops, Stainless Steel Appliances, And A Large Butler Pantry! Upstairs You Have A Loft And All 3 Bedrooms Of The Home, As Well As Extra Storage And A Full Laundry Room Complete With Sink And Cabinets! Out Back There Is A Stunning Rock Wall Around The Back Of The Yard, Pavers, Synthetic Grass, Full Length Covered Patio, And Ample Room For Any And All Entertaining Purposes! You Won't Want To Miss Out On This Home!

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MARKET HIGHLIGHTS

  • 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: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802043

* 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,602$1,958$1,780

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 $1,780
EXPENSES Loan Payment -$1,476
Property Tax -$302
Property Insurance -$75
HOA -$180
Property Management Fees -$119
CASH FLOW
-$371

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.

$400,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.71%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,811

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,8503$1,9004$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 802 Via De Santa Maria Henderson, NV 1
    • 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.72
    •  
  • 1051 Via San Gallo Court Henderson, NV 2
    • 3 beds 3 baths ∙ 2,665 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,665 Sqft ∙ Built 2006
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
  • 246 Via Franciosa Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2006
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 278 Via Franciosa Drive Henderson, NV 4
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 2006
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 1049 Via Saint Andrea Place #0 Henderson, NV 5
    • 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
PROPERTY LISTING DETAILS
Matt Farnham
1.702.530.7289
Crown Point Realty, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223218
Last Updated: 08/24/2020
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