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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $207.76
- 6 Days on Market
- MLS # : 2266246
- Updated Date : 02/06/2021 at 20:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,444 sqft
- Baths : 2 full
Listing Agent
Century 21 Americana
Listing Agent's Description
Single Story Home With 3 Car Garage In Henderson With No HOA !! Move in ready with vaulted ceiling's, and tile throughout. You wont want to miss the gourmet kitchen with lots of cabinets and generous size island open to the dinning area. Spacious master bedroom with walk in closet. A master bathroom with plenty of cabinets and a beautiful barn door to close off for privacy. Enjoy sitting in the backyard with a low maintenance desert landscape and full length covered patio as well a pergola area for entertainment. Brand New water, heater HVAC is only 4 1/2 years old and all appliances stay with the home, the exterior has been freshly painted
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: Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$172 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$52
|
||
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.
$300,000
PROJECTED PRICE
$1,440
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.9% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
6.67
YEARS SAVED
$24,409
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,451
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
840 Zinnia Circle Henderson, NV 2
- 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,440
- $1.00
-
825 Zinnia Circle Henderson, NV 1
- 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997
LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,435
- $0.99
-
226 Night Fall Te Terrace #0 Henderson, NV 3
- 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1994
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,498
- $1.00
-
948 Clipper Drive Henderson, NV 4
- 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1988
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,550
- $1.00
-
822 Schooner Drive Henderson, NV 5
- 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1989
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,595
- $1.03
PROPERTY LISTING DETAILS
1.702.339.0586
Century 21 Americana
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2266246
Last Updated: 02/06/2021
