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868 Viento Del Montagna Avenue Henderson, NV 89012

4 Beds 3 Baths 2,431 sqft Built 2000

$439,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $180.58
  • 3 Days on Market
  • MLS # : 2277984
  • Updated Date : 03/14/2021 at 02:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,431 sqft
  • Baths : 3 full
Listing Agent

Mt Charleston Realty, Inc

Listing Agent's Description

This La Entrada 2-story home with pavered walkway & covered front porch is a must see! Bright+uplifting light illuminates from the many windows in this home. Main floor features: A welcoming entry foyer, living room w/tile & large windows overlooking the spacious backyard w/patio cover. Guest bedroom & full bathroom. Inviting kitchen w/granite countertops, spacious breakfast bar, stainless steel appliances (all included), 2 pantries + dining area. 2 sliding doors to the backyard! Upstairs opens to a family room/loft w/ample space & natural light. The oversized primary bedroom features a private balcony w/mountain, Las Vegas Strip & city views & 2 walk-in closets! Primary bathroom w/double sinks+separate tub/shower. Laundry room w/built-in cabinetry. Room for boat/toy parking on side of home, 3-car garage & driveway large enough to fit 4 vehicles! No rear neighbors & no HOA. Conveniently located near hwy access, shopping & amenities. A short walk to Acacia Park! Welcome home!

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: McCullough Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k366k

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

Neighborhood: McCullough Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801914

* 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
Ulis Newton Elementary School Primary Regular 611 35 7
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

Ulis Newton Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 35
7
GreatSchools Rating

Jack And Terry Mannion Middle School

  • Education Level: Middle
  • # of students: 1,523
  • # of teachers: 62
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,525
Property Tax -$255
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$43

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.

$439,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$25,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,018

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9304$2,1005$2,175
$2,175
RENT COMPS ANALYSIS
  • 868 Viento Del Montagna Avenue Henderson, NV 3
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.79
    •  
  • 95 Glendive Street #0 Henderson, NV 1
    • 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2002
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 170 Gannett Peak Street Henderson, NV 2
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2002
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 212 Shasta Meadows Street Henderson, NV 4
    • 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2016
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 65 Cabana Blanca Street Henderson, NV 5
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2000
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.90
    •  
PROPERTY LISTING DETAILS
Taylor Plantin
1.702.533.8224
Mt Charleston Realty, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277984
Last Updated: 03/14/2021
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