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10401 Heale Garden Court Las Vegas, NV 89135

4 Beds 4 Baths 2,198 sqft Built 2002

$570,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $259.33
  • 3 Days on Market
  • MLS # : 2248246
  • Updated Date : 11/14/2020 at 08:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,198 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

WOW!!! Extremely Hard to Find Summerlin Garden Single Story 3 Car Garage Pool Home that resides at the very end of the Cul-de-sac while sitting on a 8,712 Sq Ft lot in the highly desirable 89135 Zip Code. This Move-In Ready Home is 2,198 Sq. Ft with an additional 267 Sq Ft of living space at the 4th Bedroom Casita which has its very own Full Bath! The main living space consist of 3 bedrooms, a separate den and 2 1/2 additional baths. The home has brand new 2 tone paint throughout, brand new carpet & padding, 3.5 inch baseboards, ceiling fans, and ceramic tile flooring in all of the wet and walking areas. The kitchen is equipped with double ovens, a 4 burner cooktop, a stainless steel Refrigerator and granite countertops! The master bedroom & bath has 2 very large walk-in closets, separate bath & shower and its very own access door to the backyard! The outside features a secured courtyard entry, a large backyard with synthetic grass and a solar heated pool with 2 waterfalls!

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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: The Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k497k

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

Neighborhood: The Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10762685

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Spring Valley High School High Regular 1,925 79 4

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$513,000$627,000$570,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,103
Property Tax -$357
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$219

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.

$570,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.3%
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-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$25,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,852

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8953$1,9504$1,9505$2,430
$2,430
RENT COMPS ANALYSIS
  • 10401 Heale Garden Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,198 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,198 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.11
    •  
  • 10784 Royal Jasmine Lane Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2002
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
  • 9971 Yellow Canary Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 1996
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 10799 Passion Vine Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 10046 West Cherokee Avenue Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,366 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,366 Sqft ∙ Built 1998
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
PROPERTY LISTING DETAILS
David E Smith
1.702.826.0698
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248246
Last Updated: 11/14/2020
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