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100 Longacres Drive Henderson, NV 89015

5 Beds 3 Baths 3,188 sqft Built 1991

$680,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $213.30
  • 13 Days on Market
  • MLS # : 2264449
  • Updated Date : 02/04/2021 at 22:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,188 sqft
  • Baths : 3 full
Listing Agent

International Realty Lv

Listing Agent's Description

This is a must see home! 5 Bedrroms with 3 full baths. Granite counter tops, upgraded flooring throught, large bedrooms with large closets and ceiling fans. Backyard is a paradise!! Basketball court, beautiful pool with gate for protection, putting green, pitching mound with full covered patio! Perfect for a full family to enjoy and BBQ with the built in! Tons of Storage! Come look today

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: Black Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k340k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Black Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451825

* 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
Ulis Newton Elementary School Primary Regular 611 35 7
Lyal Burkholder Middle School Middle Regular 747 34 NA
Foothill High School High Regular 2,883 109 7

Ulis Newton Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 35
7
GreatSchools Rating

Lyal Burkholder Middle School

  • Education Level: Middle
  • # of students: 747
  • # of teachers: 34
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,362
Property Tax -$349
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$478

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.

$680,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,602

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,112

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0503$2,2504$2,3005$2,440
$2,440
RENT COMPS ANALYSIS
  • 100 Longacres Drive Henderson, NV 5
    • 5 beds 3 baths ∙ 3,188 Sqft ∙ Built 1991 5 beds 3 baths ∙ 3,188 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.77
    •  
  • 24 Prominent Bluff Court #0 Henderson, NV 1
    • 5 beds 3 baths ∙ 3,043 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,043 Sqft ∙ Built 2005
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.64
    •  
  • 1073 Pleasing Plateau Street #0 Henderson, NV 2
    • 5 beds 3 baths ∙ 3,043 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,043 Sqft ∙ Built 2005
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.67
    •  
  • 169 Arches Court Henderson, NV 3
    • 5 beds 3 baths ∙ 3,401 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,401 Sqft ∙ Built 2001
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.66
    •  
  • 744 Descartes Avenue Henderson, NV 4
    • 5 beds 5 baths ∙ 3,363 Sqft ∙ Built 1998 5 beds 5 baths ∙ 3,363 Sqft ∙ Built 1998
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.68
    •  
PROPERTY LISTING DETAILS
Nancy L Hevia
1.702.781.3117
International Realty Lv
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264449
Last Updated: 02/04/2021
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