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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $223.77
- 3 Days on Market
- MLS # : 2260124
- Updated Date : 01/09/2021 at 02:18
CONSTRUCTION
- Beds : 3
- Floor Size : 2,592 sqft
- Baths : 2 full
Listing Agent
Urban Nest Realty
Listing Agent's Description
Distinctly beautiful single-story home in Calico Ridge! Custom touches and quality upgrades inside and out, featuring: * Gourmet kitchen with granite counters * Stainless steel appliances * Beautiful views of the city * Spa-like master bathroom with jacuzzi tub * Custom built luxury walk in closet * Hardwood & tile flooring * Shutters & solar screens * New Stylish paved driveway * New iron entry gate * Saltwater pool with gorgeous views * RV Parking Don't sleep on this gem. View it today because it won't be available for long!
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: Calico Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Calico Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$2,015 |
| Property Tax | -$321 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$102
|
||
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.
$579,999
PROJECTED PRICE
$2,430
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$159,450
LOAN DETAILS
$2,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $145,000 |
| Loan Amount | $434,999 |
5.08
YEARS SAVED
$30,119
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,093
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
949 Pyrite Avenue Henderson, NV 5
- 3 beds 2 baths ∙ 2,592 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,592 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $2,430
- $0.94
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924 Rhyolite Terrace Henderson, NV 1
- 3 beds 2 baths ∙ 2,566 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,566 Sqft ∙ Built 1992
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LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,850
- $0.72
-
497 Via Stretto Avenue Henderson, NV 2
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LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,950
- $0.72
-
964 Via Vannucci Way Henderson, NV 3
- 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $2,395
- $0.89
-
1016 Olivia Henderson, NV 4
- 3 beds 2 baths ∙ 2,674 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,674 Sqft ∙ Built 2008
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,400
- $0.90
PROPERTY LISTING DETAILS
1.702.677.1450
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2260124
Last Updated: 01/09/2021
