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992 Olivia Parkway Henderson, NV 89011

5 Beds 4 Baths 3,512 sqft Built 2014

INVESTimate

$575,000

List Price

$2,960

$2,710 - $3,210

Rent Est.

$625,083  ( +8.71%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2014
  • Price/Sqft : $163.72
  • 16 Days on Market
  • MLS # : 2221111
  • Updated Date : 08/23/2020 at 17:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,512 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

What a view! Backs up to beautiful Chimera Golf Course with a balcony overlooking the course and mountains. Within an easy distance from Tuscany Community Center and the Golf Course Clubhouse. Walking trails everywhere. First floor master with sliders out to covered porch. Family Room and dining area also offer a slider to back porch. Great sized kitchen with dining areas on both sides. BRs 2 and 3 share a Jack and Jill Bathroom with each having their private sink area. Loft and BR2 have sliding doors to large Balcony overlooking Golf Course. BRs 2,3 and 4 with walk in closets. Attractive split staircase in center of home. Beautiful wood grain ceramic tile throughout.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,122
Property Tax -$515
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
$110

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.

$575,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$56,243

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,476

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4953$2,4954$2,8005$2,960
$2,960
RENT COMPS ANALYSIS
  • 992 Olivia Parkway Henderson, NV 5
    • 5 beds 4 baths ∙ 3,512 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,512 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $0.84
    •  
  • 913 Via Stellato Street Henderson, NV 1
    • 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2006
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.67
    •  
  • 1228 Olivia Henderson, NV 2
    • 5 beds 5 baths ∙ 3,811 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,811 Sqft ∙ Built 2006
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.65
    •  
  • 897 Via Stellato Street Henderson, NV 3
    • 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2006
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.73
    •  
  • 1043 Via Di Olivia Henderson, NV 4
    • 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
PROPERTY LISTING DETAILS
Wanda Gabriel
1.702.769.2632
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2221111
Last Updated: 08/23/2020
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