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1016 Belle River Court Henderson, NV 89052

6 Beds 2 Baths 3,717 sqft Built 2000

$545,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $146.62
  • 4 Days on Market
  • MLS # : 2259978
  • Updated Date : 01/08/2021 at 11:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,717 sqft
  • Baths : 2 full
Listing Agent

Sansone Real Estate Services

Listing Agent's Description

Absolutely stunning 6 bedroom home in highly sought after location in Henderson! *TWO BEDROOMS DOWNSTAIRS* 1 FULL BATH DOWNSTAIRS* *LOW HOA at only $17 a month* *GIANT UPSTAIRS LOFT* *3 CAR GARAGE* This home features a massive formal living room upon entry, open concept kitchen/family room ideal for entertaining. The kitchen has newly stained cabinets and a huge center island! Backyard with mature landscaping and lush greenery. Upstairs you have a massive loft and 4 generous sized bedrooms, including the Primary bedroom that is massive with room for just about anything you plan to put in there. The primary bathroom features 2 separate vanity sinks, a sit down vanity, separate tub and shower, and 2 generous sized walk-in-closets. Close to shopping, restaurants, freeways, and more!

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: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

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

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Glen C. Taylor Elementary School Primary Regular 961 46 9
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

Glen C. Taylor Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 46
9
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$1,893
Property Tax -$326
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
$363

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.

$545,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,893

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$72,349

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,890

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8003$2,8004$2,8005$3,116
$3,116
RENT COMPS ANALYSIS
  • 1016 Belle River Court Henderson, NV 4
    • 6 beds 2 baths ∙ 3,717 Sqft ∙ Built 2000 6 beds 2 baths ∙ 3,717 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 2644 French Roast Place #0 Henderson, NV 1
    • 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 2006
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.74
    •  
  • 2718 Langlade Avenue Henderson, NV 2
    • 5 beds 2 baths ∙ 3,733 Sqft ∙ Built 2001 5 beds 2 baths ∙ 3,733 Sqft ∙ Built 2001
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 2707 Langlade Avenue Henderson, NV 3
    • 5 beds 3 baths ∙ 3,733 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,733 Sqft ∙ Built 2001
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 2710 Carolina Blue Avenue Henderson, NV 5
    • 5 beds 3 baths ∙ 3,568 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,568 Sqft ∙ Built 2000
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,116
    • $0.87
    •  
PROPERTY LISTING DETAILS
Devon M Sansone
1.702.914.9500
Sansone Real Estate Services
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259978
Last Updated: 01/08/2021
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