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1026 Triumphant Street Henderson, NV 89052

3 Beds 3 Baths 2,689 sqft Built 2001

$524,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $195.20
  • 3 Days on Market
  • MLS # : 2263510
  • Updated Date : 01/23/2021 at 20:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,689 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

IT'S YOUR LUCKY DAY! RARE FIND! Single story, split floor plan with separate LV rm, formal dining, large great room, open entertaining concept. 10' ceilings, double doored den/office could be converted to 4th bedroom. Gorgeous kitchen only two years old with French provincial touches. Trendy 2-tone cabinets. Imported granite counters. Top of the line appliances w/convection oven/microwave plus standard conventional oven +6 burner cooktop. Huge owner's suite w/oversized bath featuring separate garden tub & shower, separated dual vanities and walk-in closet w/mirror doors. Large family/guest bedrooms share a full bath on the other side of the home. Enjoy personal time in the tranquil backyard with no neighbors behind. Beautiful trees provide shade. Grab your favorite drink and sit in front of the outdoor fire. Stunning oil rubbed bronze wrought iron security doors on all exterior doors let the light and breeze in. Zoned for high ranked schools, close to shopping. BUY YOUR DREAM HOME NOW!

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
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,823
Property Tax -$300
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$82

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.

$524,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$28,056

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,306

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,149
1$2,1492$2,1503$2,2404$2,2505$2,395
$2,395
RENT COMPS ANALYSIS
  • 1026 Triumphant Street Henderson, NV 3
    • 3 beds 3 baths ∙ 2,689 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,689 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.83
    •  
  • 2574 Sundew Avenue Henderson, NV 1
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,149
    • $0.85
    •  
  • 2721 Thomasville Avenue Henderson, NV 2
    • 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2001
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
  • 1101 Echo Pass Street Henderson, NV 4
    • 4 beds 2 baths ∙ 2,581 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,581 Sqft ∙ Built 2015
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.87
    •  
  • 2540 Serenity Hollow Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1997
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
PROPERTY LISTING DETAILS
Dianne M Simmons
1.702.349.9656
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263510
Last Updated: 01/23/2021
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