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937 Via Del Tramonto Street Henderson, NV 89011

3 Beds 3 Baths 1,765 sqft Built 2011

$415,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $235.13
  • 3 Days on Market
  • MLS # : 2277918
  • Updated Date : 03/12/2021 at 20:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,765 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Welcome to the excusive, guard-gated Tuscany community! You can enjoy all life has to offer - fitness facilities, clubhouse, pools, racquetball, basketball, playground, tennis, and more! Ideally situated within the community, this home offers abundant Vegas Valley views from each bedroom. Gorgeous ceramic tile and wood laminate throughout - carpet only on the stairs! Spacious kitchen features granite counters, espresso cabinetry, and Stainless Steel appliances including R/O system at sink and refrigerator. Ceiling fans in each generously-sized bedroom and whole-home water softener. The backyard is immaculate with stamped concrete patio and low-maintenance rockscape - ideal location for a backyard BBQ or to take in the gorgeous, desert sunsets! You will fall in LOVE with this 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: 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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,441
Property Tax -$328
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$80

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.

$415,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.45%

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$20,105

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8103$1,8254$1,8705$1,900
$1,900
RENT COMPS ANALYSIS
  • 937 Via Del Tramonto Street Henderson, NV 4
    • 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,765 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.06
    •  
  • 1016 Via Gallia Street Henderson, NV 1
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2006
    property image
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 129 Country River Avenue Henderson, NV 2
    • 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,902 Sqft ∙ Built 2014
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.95
    •  
  • 121 Country River Avenue Henderson, NV 3
    • 3 beds 3 baths ∙ 1,843 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,843 Sqft ∙ Built 2013
    property image
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.99
    •  
  • 1020 Via Latina Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2006
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.07
    •  
PROPERTY LISTING DETAILS
Shay Stein Fillinger
1.702.250.3306
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277918
Last Updated: 03/12/2021
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