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1012 Clearwater River Avenue Henderson, NV 89002

5 Beds 3 Baths 2,260 sqft Built 2005

$374,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $165.88
  • 4 Days on Market
  • MLS # : 2247935
  • Updated Date : 11/13/2020 at 08:31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,260 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

Beautiful family home with pool in fantastic condition! This 5 bedroom, 3 bathroom property hosts ample living space with one bedroom/full bathroom located on the first floor. The open floor plan encourages family gatherings with an open kitchen/family room concept and formal living/dining spaces. With gorgeous wood cabinetry, the kitchen is a beautiful space to look out to your sparking private pool, just steps away in your very own backyard. Custom shutters and solar screens on windows add extra touch of elegance. The second floor hosts 4 spacious bedrooms, including the primary bedroom and bathroom. The primary bathroom homes double sinks and soaking tub with access to your walk-in-closet. Located just steps away is a large park encouraging the indoor/outdoor lifestyle even further. Home features beautifully updated flooring and a 16 seer HVAC unit, all installed in 2017. This home was made for creating lasting memories and is waiting for many more to be had.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k340k

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

Neighborhood: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9181825

* 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
Fay Galloway Elementary School Primary Regular 691 36 6
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

Fay Galloway Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 36
6
GreatSchools Rating

Jack And Terry Mannion Middle School

  • Education Level: Middle
  • # of students: 1,523
  • # of teachers: 62
NA
GreatSchools Rating

Foothill High School

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

$337,410$412,390$374,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,383
Property Tax -$273
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$166

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.

$374,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 11.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,763

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6803$1,6994$1,7505$1,945
$1,945
RENT COMPS ANALYSIS
  • 1012 Clearwater River Avenue Henderson, NV 2
    • 5 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.74
    •  
  • 1017 Roaring River Avenue Henderson, NV 1
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 1124 Sport Of Kings Avenue Henderson, NV 3
    • 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1996
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.84
    •  
  • 1005 Roaring River Avenue #n/a Henderson, NV 4
    • 5 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 581 Broomspun Street Henderson, NV 5
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.80
    •  
PROPERTY LISTING DETAILS
Aaron Powers
1.702.768.5536
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247935
Last Updated: 11/13/2020
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