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1036 Zurich Avenue Henderson, NV 89015

5 Beds 3 Baths 3,501 sqft Built 2005

$565,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $161.38
  • 3 Days on Market
  • MLS # : 2248174
  • Updated Date : 11/14/2020 at 02:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,501 sqft
  • Baths : 3 full
Listing Agent

Investment Brokers & Assoc

Listing Agent's Description

Beautiful 5 bedroom home located in Henderson! Comes complete with Pool, Spa, Patio, and 3 Car Garage. Natural gas connect to swimming pool, Spa, BBQ grill and the Fire pit. Kitchen includes Granite Counter tops, double ovens and a large Island. Large family and living room. LOFT area. 3 Full Bathrooms, RV PARKING and a SHED that is connected to a power source. Master Bedroom comes with a large walk in closet and Balcony access. Walking distance to Heritage Park.

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: Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k355k

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

Neighborhood: Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10081825

* 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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$2,085
Property Tax -$425
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
-$393

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.

$565,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,579

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,3303$2,5004$2,795
$2,795
RENT COMPS ANALYSIS
  • 1036 Zurich Avenue Henderson, NV 2
    • 5 beds 3 baths ∙ 3,501 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,501 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.67
    •  
  • 828 Bussora Rose Drive #0 Henderson, NV 1
    • 6 beds 3 baths ∙ 3,164 Sqft ∙ Built 2003 6 beds 3 baths ∙ 3,164 Sqft ∙ Built 2003
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.66
    •  
  • 944 San Carlos Creek Lane Henderson, NV 3
    • 6 beds 3 baths ∙ 3,501 Sqft ∙ Built 2005 6 beds 3 baths ∙ 3,501 Sqft ∙ Built 2005
    property image
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 1106 Langston Ranch Avenue Henderson, NV 4
    • 5 beds 5 baths ∙ 3,341 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,341 Sqft ∙ Built 2018
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.84
    •  
PROPERTY LISTING DETAILS
Toni J Kang
1.702.324.7021
Investment Brokers & Assoc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248174
Last Updated: 11/14/2020
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