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

917 Vegas View Drive Henderson, NV 89052

4 Beds 3 Baths 4,474 sqft Built 2015

INVESTimate

$1,748,800

List Price

$5,470

$5,220 - $5,720

Rent Est.

$1,911,264  ( +9.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $390.88
  • 2 Days on Market
  • MLS # : 2223451
  • Updated Date : 08/25/2020 at 16:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,474 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pivot Modern, Llc

Listing Agent's Description

Presenting INDIGO, A BLUE HERON home customized for Sky Terrace. Show today, this exceptionally well crafted home has everything your clients have been looking for and will NOT last. Strip view, private pool and spa, downstairs casita living, multiple masters upstairs and don't forget the spectacular glass enclosed wine wall and bar! Courtyard style entry has private locking portico door opening to expansive courtyard and backyard access. The great room pocket doors open to mountain views beyond the edge of the pool with stair access to the 2nd level or roof decks. Casita living with full ensuite bath downstairs and 2 Master suites and a 4th bedroom upstairs. The floating stairs enhance the great room taking you to an oversized loft. This home has space for everyone to feel at home and to have their own private spaces while maintaining an open modern feel. Entertainers delight with visually stunning wine bar and service area. This home is not to be missed.

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$1,573,920$1,923,680$1,748,800

PURCHASE PRICE

$4,923$6,017$5,470

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,470
EXPENSES Loan Payment -$6,452
Property Tax -$1,083
Property Insurance -$114
HOA -$150
Property Management Fees -$119
CASH FLOW
-$2,448

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.

$1,748,800

PROJECTED PRICE

$5,470

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.29%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$469,182

INVESTMENT

$469,182

Down Payment
$437,200
Rehab Estimate
$5,750
Closing Costs
$26,232

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,452

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $437,200
Loan Amount $1,311,600
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,470

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $3,952

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,6503$4,3004$5,470
$5,470
RENT COMPS ANALYSIS
  • 917 Vegas View Drive Henderson, NV 4
    • 4 beds 3 baths ∙ 4,474 Sqft ∙ Built 2015 4 beds 3 baths ∙ 4,474 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $5,470
    • $1.22
    •  
  • 2833 Bellini Drive Henderson, NV 1
    • 4 beds 4 baths ∙ 4,131 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,131 Sqft ∙ Built 2001
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.77
    •  
  • 1355 Panini Drive #- Henderson, NV 2
    • 4 beds 4 baths ∙ 4,203 Sqft ∙ Built 2003 4 beds 4 baths ∙ 4,203 Sqft ∙ Built 2003
    LEASED 03/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.87
    •  
  • 1701 Cypress Manor Drive Henderson, NV 3
    • 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
Emily G Sherwood
1.702.375.1402
Pivot Modern, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223451
Last Updated: 08/25/2020
BESbswy