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1055 Plentywood Place Henderson, NV 89002

4 Beds 3 Baths 2,368 sqft Built 2001

$454,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $192.10
  • 7 Days on Market
  • MLS # : 2268710
  • Updated Date : 02/11/2021 at 22:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,368 sqft
  • Baths : 3 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Paradise Hills Gem! Many upgrades - all tile flooring, concrete countertops, kitchen cabinets and more. The backyard is a blank canvas waiting for you to customize. Plenty of room for your RV and the pool of your dreams! Interior is immaculate! Pride of ownership. All stainless steel appliances included plus the washer and dryer. Downstairs bedroom with a full bathroom. Two more bedrooms upstairs plus an enormous primary bedroom (4 bedrooms total). Primary bedroom has oversized bathroom, double sinks, separate shower and tub. Extra large loft/game room upstairs with mountain views. This home also features a laundry chute from upstairs directly into the laundry room downstairs. Home has a safe installed and will stay for new owners. Solar panels and wired for home alarm system already in place. This home has it all - RV parking, 4 bedrooms, loft, 3 full bathrooms, large kitchen island and much, much more! MUST SEE!

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: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
James E And A Rae Smalley Elementary School Primary Regular 878 40 10
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

James E And A Rae Smalley Elementary School

  • Education Level: Primary
  • # of students: 878
  • # of teachers: 40
10
GreatSchools Rating

Jack And Terry Mannion Middle School

  • Education Level: Middle
  • # of students: 1,523
  • # of teachers: 62
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$409,410$500,390$454,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,580
Property Tax -$254
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$26

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.

$454,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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$0.0$5.0k$10k$15k$20k

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$126,299

INVESTMENT

$126,299

Down Payment
$113,725
Rehab Estimate
$5,750
Closing Costs
$6,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,725
Loan Amount $341,175
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$28,237

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$2,0004$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1055 Plentywood Place Henderson, NV 3
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 158 Cloud Cover Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2006
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 254 Patti Ann Woods Drive Henderson, NV 2
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2002
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 247 Mission Verde Avenue Henderson, NV 4
    • 3 beds 3 baths ∙ 2,560 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,560 Sqft ∙ Built 2005
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.82
    •  
  • 82 Rattlesnake Grass Court Henderson, NV 5
    • 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2005
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
PROPERTY LISTING DETAILS
Lisa M Lavelle
1.702.326.2230
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268710
Last Updated: 02/11/2021
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