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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $206.83
- 2 Days on Market
- MLS # : 2240109
- Updated Date : 11/14/2020 at 17:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,668 sqft
- Baths : 3 full
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Look no further if elbow room, a super- sized swimming pool & NO HOA is what you've been searching for on this oversized, private corner-ish Lot! New solar panels installed July 2020 for Pool. Brand New pool Deck, Fresh new interior paint. New bathroom(s) flooring installed. Refurbished Kitchen & Bathroom cupboards... All completed in 11/20. Stucco finished walls in backyard. SS appliances included.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Highland Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$186 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$67
|
||
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.
$345,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 11.2% |
| 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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
5.17
YEARS SAVED
$21,360
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,580
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
818 Bitterroot Street Henderson, NV 5
- 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,570
- $0.94
-
2077 Hocus Pocus Place #0 Henderson, NV 1
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2006
LEASED 11/18/19- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
820 Grape Vine Avenue Henderson, NV 2
- 4 beds 2 baths ∙ 1,562 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,562 Sqft ∙ Built 1996
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,495
- $0.96
-
2085 Hocus Pocus Place #0 Henderson, NV 3
- 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 2006
LEASED 03/24/20- Rent
- Rent Per SQFT
- $1,550
- $0.95
-
717 Strawberry Henderson, NV 4
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1981
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,550
- $0.96
PROPERTY LISTING DETAILS
1.702.755.4160
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2240109
Last Updated: 11/14/2020
