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1030 Oak Shade Lane Henderson, NV 89015

4 Beds 2 Baths 1,666 sqft Built 1997

$399,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $240.04
  • 2 Days on Market
  • MLS # : 2266580
  • Updated Date : 02/06/2021 at 13:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,666 sqft
  • Baths : 2 full
Listing Agent

Lvsweethomes Realty

Listing Agent's Description

Welcome home to this fabulous single story home in Henderson. This gem features 1666 sqft, 4 bedrooms, 2 baths, blinds throughout, all kitchen appliances, breakfast bar + pantry, dining area, fireplace in living room, spacious master w/ walk-in closet, solar screens, open concept, easy maintenance landscaping, XL covered patio, shed, low HOA, and on a corner lot w/ RV gate & 2 car garage.

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: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9911875

* 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
Sue Morrow Elementary School Primary Regular 734 38 9
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Sue Morrow Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 38
9
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,389
Property Tax -$195
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$122

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.

$399,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.8%
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

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5504$1,6405$1,650
$1,650
RENT COMPS ANALYSIS
  • 1030 Oak Shade Lane Henderson, NV 4
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.98
    •  
  • 1071 Gurneys Eagle Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2003
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 1071 Eagle Owl Avenue #0 Henderson, NV 2
    • 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,567 Sqft ∙ Built 2003
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 1010 Blue Lantern Drive Henderson, NV 3
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 990 Broken Reed Court Henderson, NV 5
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1997
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Windy Humphreys-goss
1.702.523.8128
Lvsweethomes Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266580
Last Updated: 02/06/2021
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