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821 Adagio Street Henderson, NV 89052

6 Beds 2 Baths 3,762 sqft Built 1998

$565,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $150.19
  • 7 Days on Market
  • MLS # : 2269685
  • Updated Date : 02/17/2021 at 23:08
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,762 sqft
  • Baths : 2 full
Listing Agent

Sansone Real Estate Services

Listing Agent's Description

WOW!! Absolutely stunning 6 bedroom home in highly desirable community in Henderson! ***3 CAR GARAGE*** ***LOW HOA*** This home features a formal living AND family room with a gas fireplace. Beautifully done kitchen with stainless steel appliances, massive center island, and open concept into the living area, perfect with entertaining!! ***2 BEDROOMS DOWNSTAIRS*** HUGE loft upstairs, and massive primary bedroom and bathroom! Enjoy a beautiful grassy yard with mature landscaping. Close to shopping, st rose pkwy, restaurants, schools, and much more!!!! DO NOT MISS!!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k442k

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

Neighborhood: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10802110

* 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
Glen C. Taylor Elementary School Primary Regular 961 46 9
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

Glen C. Taylor Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 46
9
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,962
Property Tax -$320
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
$199

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.

$565,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$56,915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,925

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7953$2,8004$2,8005$3,116
$3,116
RENT COMPS ANALYSIS
  • 821 Adagio Street Henderson, NV 1
    • 6 beds 2 baths ∙ 3,762 Sqft ∙ Built 1998 6 beds 2 baths ∙ 3,762 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.72
    •  
  • 2644 French Roast Place #0 Henderson, NV 2
    • 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 2006
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.74
    •  
  • 2718 Langlade Avenue Henderson, NV 3
    • 5 beds 2 baths ∙ 3,733 Sqft ∙ Built 2001 5 beds 2 baths ∙ 3,733 Sqft ∙ Built 2001
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 2707 Langlade Avenue Henderson, NV 4
    • 5 beds 3 baths ∙ 3,733 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,733 Sqft ∙ Built 2001
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 2710 Carolina Blue Avenue Henderson, NV 5
    • 5 beds 3 baths ∙ 3,568 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,568 Sqft ∙ Built 2000
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,116
    • $0.87
    •  
PROPERTY LISTING DETAILS
Devon M Sansone
1.702.321.1927
Sansone Real Estate Services
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269685
Last Updated: 02/17/2021
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