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857 Vegas View Drive Henderson, NV 89052

3 Beds 4 Baths 3,968 sqft Built 2008

$1,699,999

List Price

$4,070

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $428.43
  • 9 Days on Market
  • MLS # : 2271768
  • Updated Date : 02/28/2021 at 04:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,968 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Contemporary aesthetic meets livable comfort. Inviting home in desirable Sky Terrace on large lot. Great schools & easy access to 215. Upon entering the sunken courtyard, you'll find yourself in a private entertaining space surrounded by lush foliage. Past the commanding custom doors is the sparkling pebble tech pool in yet another court yard & more outdoor space beyond- the perfect blend of indoor/outdoor living. This updated semi-custom home features Sub Zero, Wolf & Bosch appliances. The penthouse style main suite has panoramic views of the Las Vegas strip & it's own private entrance & balcony. The practical layout features an office, loft & 2 en-suite bedrooms. Around every corner you’ll find designer touches & charming vignettes. From the gated entry courtyard to the lush & functional backyard, one finds modern luxe touches & livable spaces. Over $100k in landscaping upgrades creates a lush, resort style oasis in the desert.The details of this home are sure to impress!

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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: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10802532

* 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
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
 

$1,529,999$1,869,999$1,699,999

PURCHASE PRICE

$3,663$4,477$4,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,070
EXPENSES Loan Payment -$5,905
Property Tax -$1,053
Property Insurance -$104
Property Management Fees -$119
CASH FLOW
-$3,111

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.

$1,699,999

PROJECTED PRICE

$4,070

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.3%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$456,250

INVESTMENT

$456,250

Down Payment
$425,000
Rehab Estimate
$5,750
Closing Costs
$25,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$5,905

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $425,000
Loan Amount $1,274,999
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$93

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,070

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $3,670

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,175
1$3,1752$3,5003$3,7004$3,8955$4,070
$4,070
RENT COMPS ANALYSIS
  • 857 Vegas View Drive Henderson, NV 5
    • 3 beds 4 baths ∙ 3,968 Sqft ∙ Built 2008 3 beds 4 baths ∙ 3,968 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $4,070
    • $1.03
    •  
  • 1211 Martini Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 3,695 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,695 Sqft ∙ Built 2002
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,175
    • $0.86
    •  
  • 23 Plum Hollow Drive Henderson, NV 2
    • 4 beds 3 baths ∙ 3,693 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,693 Sqft ∙ Built 2000
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.95
    •  
  • 1208 Martini Drive Henderson, NV 3
    • 4 beds 5 baths ∙ 4,203 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,203 Sqft ∙ Built 2002
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.88
    •  
  • 7 Contra Costa Place Henderson, NV 4
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jeanette N Martinez
1.702.743.9882
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271768
Last Updated: 02/28/2021
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