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920 Via Gandalfi Henderson, NV 89011

3 Beds 3 Baths 2,251 sqft Built 2015

$395,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $175.48
  • 5 Days on Market
  • MLS # : 2266430
  • Updated Date : 02/04/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,251 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas Dream Homes Inc

Listing Agent's Description

Stunning 2 story home w/ 3 car, garage and desirable corner lot located in the guard gated community of Tuscany Village w/ 360 degree views of the Las Vegas Strip and the majestic Sunrise Mountains. State of the art amenities including Chimera Golf Club which is a Ted Robinson 18 hole public golf course and 35,000 sqft of recreation center for residents. Home features a gated front courtyard area, open floor plan w/ chef's kitchen, granite counters, custom white cabinets, walk-in pantry, breakfast bar, dining area in kitchen along w/ formal dining area, huge living rm/great rm, den area, 3 beds upstairs w/ large laundry rm, huge primary bedrm w/ primary bath to include soaking tub & separate shower, dbl sinks, granite, large walk-in closet, bed 2 & 3 are very big rooms, bed 2 w/ walk-in closet, tankless water heater, mud room walking in from garage, storage racks in garage, fire sprinklers, private yard, large privacy block wall, putting green, tranquil waterfall & large side yard.

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: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

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

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802043

* 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
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,372
Property Tax -$392
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$46

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.

$395,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$28,557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,093

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0004$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 920 Via Gandalfi Henderson, NV 4
    • 3 beds 3 baths ∙ 2,251 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,251 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 1027 Via Saint Lucia Place Henderson, NV 1
    • 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2013
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 280 Via San Gabriella Henderson, NV 2
    • 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2016
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.92
    •  
  • 254 Via Franciosa Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 496 Punto Vallata Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2015
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tina Cimmino
1.702.400.7224
Vegas Dream Homes Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266430
Last Updated: 02/04/2021
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