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972 Via Gandalfi Henderson, NV 89011

3 Beds 3 Baths 1,988 sqft Built 2013

$395,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $198.69
  • 5 Days on Market
  • MLS # : 2264866
  • Updated Date : 01/28/2021 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,988 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nevada Desert Realty Inc

Listing Agent's Description

THIS HOME IS A MUST SEE!! THIS LITTLE GEM IS NESTLED IN THE BEAUTIFUL GUARD GATED COMMUNITY OF TUSCANY...THIS HOME BOASTS NEW CARPET THROUGHOUT, NEW TILE IN BATHROOMS, WOOD FLOORS, CUSTOM HUNTER DOUGLAS BLINDS THROUGHOUT, 2 MASTER CLOSETS, DOUBLE SINKS, SEPARATE TUB/SHOWER, STAINLESS STEEL APPLIANCES, UPGRADED CABINETS, GRANITE COUNTERTOPS, KITCHEN ISLAND,TANKLESS WATER HEATER, BRICK PAVERS IN DRIVEWAY AND BACKYARD, GARDEN LIGHTS IN FRONT AND BACKYARD, SPACIOUS 2ND AND 3RD BEDROOMS, LOFT UPSTAIRS, UPSTAIRS LAUNDRY ROOM, LOTS OF STORAGE WITH 2 LINEN CLOSETS, WALK IN COAT CLOSET DOWNSTAIRS, AND MUCH MORE! COMMUNITY INCLUDES RESORT STYLE AMENITIES SUCH AS 2 POOLS, YOGA/PILATES/KICKBOXING STUDIO, BASKETBALL COURT, INDOOR WORKOUT FACILITY, STEAM ROOM, HOT TUB, BILLARDS ROOM, DOG PARKS, PUBLIC GOLF COURSE, RESTAURANT IN THE COMMUNITY, TUSCANY HAS IT ALL, DON'T MISS OUT!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,372
Property Tax -$425
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$238

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

$2,220

PROJECTED RENT

0.56%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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 40% 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

8.67

YEARS SAVED

$47,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,879

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8103$2,0004$2,1005$2,220
$2,220
RENT COMPS ANALYSIS
  • 972 Via Gandalfi Henderson, NV 5
    • 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,988 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.12
    •  
  • 529 Via Cenami Henderson, NV 1
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 2005
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 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
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.95
    •  
  • 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 4
    • 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
Monique S Dolph
1.702.499.5670
Nevada Desert Realty Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264866
Last Updated: 01/28/2021
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