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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $204.16
- 33 Days on Market
- MLS # : 2253889
- Updated Date : 01/16/2021 at 22:17
CONSTRUCTION
- Beds : 4
- Floor Size : 2,380 sqft
- Baths : 2 full , 1 half
Listing Agent
Iproperties International
Listing Agent's Description
New Year, New Home? Henderson gem in an all single story community of the "Highly Desirable" Black Mountain Ranch. This 4 bed 2 1/2 bath home with 3 car garage features updated quartz kitchen counters with stainless steel appliances, beautiful tile floors, and perfectly updated baths that are quite exquisite. Plantation shutters on windows & stunning glass lever doors in primary bedroom & kitchen. All bedrooms have custom built in closets, the 4th bedroom has a custom wall murphy bed w/office & book shelf built ins. The oversized completely private backyard is an entertainer's paradise with pool/spa and covered patio. Homes do not come up for sale here very often so it won't last long!!! A Must see!
SEE MORE
- 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: Mission Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,688 |
| Property Tax | -$287 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$27
|
||
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.
$485,900
PROJECTED PRICE
$2,140
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$134,514
LOAN DETAILS
$1,688
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,475 |
| Loan Amount | $364,425 |
5.58
YEARS SAVED
$30,010
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,827
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
928 San Bruno Avenue Henderson, NV 5
- 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,140
- $0.90
-
1017 Roaring River Avenue Henderson, NV 1
- 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005
LEASED 03/26/20- Rent
- Rent Per SQFT
- $1,595
- $0.71
-
905 Spiracle Avenue Henderson, NV 2
- 4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2016
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.76
-
1006 Winding Hill Street Henderson, NV 3
- 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1995
LEASED 01/12/21- Rent
- Rent Per SQFT
- $2,000
- $0.83
-
942 Saddle Horn Drive Henderson, NV 4
- 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1999
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,100
- $0.77
PROPERTY LISTING DETAILS
1.702.591.7628
Iproperties International
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2253889
Last Updated: 01/16/2021
