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1023 Belle River Court Henderson, NV 89052

6 Beds 2 Baths 3,717 sqft Built 2000

$554,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $149.04
  • 7 Days on Market
  • MLS # : 2255709
  • Updated Date : 12/16/2020 at 10:45
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,717 sqft
  • Baths : 2 full
Listing Agent

Sansone Real Estate Services

Listing Agent's Description

Amazing 6 Bedroom home in Green Valley. This home features a Family room and Living room along with a spacious Loft upstairs. All rooms are nice sized. This kitchen has tons of cabinet space, new sink, new granite counter tops, island, and all appliances. There is new flooring throughout the home, with a large landscaped backyard. All just minutes from multiple parks and amenities.

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: 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
 

$498,600$609,400$554,000

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 -$2,044
Property Tax -$326
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
$212

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.

$554,000

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$152,560

INVESTMENT

$152,560

Down Payment
$138,500
Rehab Estimate
$5,750
Closing Costs
$8,310

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $138,500
Loan Amount $415,500
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$68,684

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
  • 1023 Belle River Court Henderson, NV 4
    • 6 beds 2 baths ∙ 3,717 Sqft ∙ Built 2000 6 beds 2 baths ∙ 3,717 Sqft ∙ Built 2000
    • 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
    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
    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
    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
    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 #: 2255709
Last Updated: 12/16/2020
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