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975 Marigold Court 
Henderson, NV
89011
4 Beds 2 Baths 3,597 sqft
Built 1989
INVESTimate
$540,000
List Price
$148,850
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PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $150.13
- 3 Days on Market
- MLS # : 2223189
- Updated Date : 08/24/2020 at 18:10
CONSTRUCTION
- Beds : 4
- Floor Size : 3,597 sqft
- Baths : 2 full
Listing Agent
Signature Gallery Of Homes
Listing Agent's Description
Spacious custom home in Calico Ridge.Courtyard entry Equipped With Stairs That Lead to a Unique Observation Deck With BEAUTIFUL Strip Views. 4 Bedrooms Plus a Den. Master Bedroom and Second Bedroom Both Located Downstairs. Entry has Hardwood Floors, Large Living Room and Dining Room With a Fireplace. This Home Has a Separate Family Room With High Ceilings and Has a Wet Bar With an Additional Fireplace,Kitchen Has Granite Counter-tops and LOTS of Counter Space, Hard Wood Flooring. Ceiling Fans Throughout. Mirrored Closet Doors Throughout. Master Suite has Dual Sinks, Separate Tub and Shower. Backyard Oasis Has Covered patio, Built in BBQ and Sparking Pool and Much More. Low HOA fees. Minutes from Lake Mead Recreation, cycling & hiking trails.
SEE MORE
- 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
* 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,890 |
| EXPENSES | Loan Payment | -$1,992 |
| Property Tax | -$335 | |
| Property Insurance | -$97 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$347
|
||
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.
$540,000
PROJECTED PRICE
$2,890
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.71% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$148,850
LOAN DETAILS
$1,992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $135,000 |
| Loan Amount | $405,000 |
9.42
YEARS SAVED
$83,051
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,890
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,914
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
975 Marigold Court Henderson, NV 3
- 4 beds 2 baths ∙ 3,597 Sqft ∙ Built 1989 4 beds 2 baths ∙ 3,597 Sqft ∙ Built 1989
![property image]()
- Rent
- Rent Per SQFT
- $2,890
- $0.80
-
560 Via Colmo Avenue #0 Henderson, NV 1
- 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,495
- $0.64
-
1043 Via Di Olivia Henderson, NV 2
- 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $2,800
- $0.77
-
1070 Via St Andrea Pl Place Henderson, NV 4
- 3 beds 3 baths ∙ 3,922 Sqft ∙ Built 2008 3 beds 3 baths ∙ 3,922 Sqft ∙ Built 2008
![property image]()
LEASED 09/13/19- Rent
- Rent Per SQFT
- $4,000
- $1.02
PROPERTY LISTING DETAILS
1.702.331.3948
Signature Gallery Of Homes
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223189
Last Updated: 08/24/2020
