Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

861 Vegas View Drive Henderson, NV 89052

4 Beds 3 Baths 4,516 sqft Built 2015

$1,895,000

List Price

$5,370

$5.1K - $5.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $419.62
  • 3 Days on Market
  • MLS # : 2254799
  • Updated Date : 12/11/2020 at 15:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,516 sqft
  • Baths : 2 full , 1 half
Listing Agent

Huntington & Ellis, A Real Est

Listing Agent's Description

Blue Heron Modern Masterpiece located in the exclusive gated Sky Terrace community. Incredible indoor/outdoor living. Strip views. Stunning floating staircase leads to an open upper loft w/ built-in wet bar, gourmet kitchen features raised L-shaped counter and central island, two-toned countertops, and sleek custom cabinetry, Kitchenaid appliances with built-in espresso machine. Airy master has access to exterior infinity-edge pool & raised spa. Master bath features oversized shower, dual floating vanities, and voluminous walk-in with built-ins, distinctive finishes throughout. All windows equipped with shatterproof security window film for security. Electric shades throughout.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$1,705,500$2,084,500$1,895,000

PURCHASE PRICE

$4,833$5,907$5,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,370
EXPENSES Loan Payment -$6,992
Property Tax -$1,165
Property Insurance -$115
Property Management Fees -$119
CASH FLOW
-$3,020

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.

$1,895,000

PROJECTED PRICE

$5,370

PROJECTED RENT

0.28%

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$6.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$507,925

INVESTMENT

$507,925

Down Payment
$473,750
Rehab Estimate
$5,750
Closing Costs
$28,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$6,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $473,750
Loan Amount $1,421,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,370

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $4,561

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$4,300
1$4,3002$5,370
$5,370
RENT COMPS ANALYSIS
  • 861 Vegas View Drive Henderson, NV 2
    • 4 beds 3 baths ∙ 4,516 Sqft ∙ Built 2015 4 beds 3 baths ∙ 4,516 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $5,370
    • $1.19
    •  
  • 1701 Cypress Manor Drive Henderson, NV 1
    • 5 beds 4 baths ∙ 4,265 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,265 Sqft ∙ Built 2000
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
Darin Marques
1.702.803.3527
Huntington & Ellis, A Real Est
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254799
Last Updated: 12/11/2020
BESbswy