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75 Avenza Drive 
Henderson, NV
89011
2 Beds 2 Baths 1,360 sqft
Built 2008
INVESTimate
$349,000
List Price
$98,235
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $256.62
- 2 Days on Market
- MLS # : 2224633
- Updated Date : 08/25/2020 at 19:31
CONSTRUCTION
- Beds : 2
- Floor Size : 1,360 sqft
- Baths : 2 full
Listing Agent
Re/max Advantage
Listing Agent's Description
WOW!! What a gorgeous renovation!! This home is situated in a gated neighborhood not too far off the entrance of Beautiful Lake Las Vegas! This home has Porcelain wood plank tile floors, modern tall baseboards, quartz counters in kitchen and wet bar area, single basin under-mount sink w/the coolest faucet, glass back splash, high quality white painted cabinetry, wet bar and peninsula painted a beautiful deep gray, designer paint throughout, beautiful wall of glass w/french doors that lead out to the lushly landscaped outdoor space, additional french doors off the den/dining room that lead to a secondary outdoor living space. The master suite is separate from the guest room, master bedroom has french doors to the beautiful back yard space, walk in closet, upgraded bathroom with separate shower & spa jet tub, Dbl. sinks & vanity area. The end of the cul-de-sac has a gate to a beautiful walking trail along a gorgeous green space and water area. Lake Las Vegas is just down the road!!
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: Lake Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Las Vegas
* 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 | $1,670 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$266 | |
| Property Insurance | -$54 | |
| HOA | -$135 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$191
|
||
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.
$349,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.67% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
3.08
YEARS SAVED
$10,010
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$1,639
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
75 Avenza Drive Henderson, NV 1
- 2 beds 2 baths ∙ 1,360 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,360 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $1,670
- $1.23
-
20 Via Mantova #310 Henderson, NV 2
- 2 beds 1 baths ∙ 1,503 Sqft ∙ Built 2006 2 beds 1 baths ∙ 1,503 Sqft ∙ Built 2006
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LEASED 08/06/19- Rent
- Rent Per SQFT
- $1,850
- $1.23
-
287 Via Della Fortuna Henderson, NV 3
- 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2017
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LEASED 08/22/19- Rent
- Rent Per SQFT
- $1,975
- $1.18
PROPERTY LISTING DETAILS
1.702.245.9341
Re/max Advantage
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224633
Last Updated: 08/25/2020
