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1085 Jesse Harbor Avenue Henderson, NV 89014

3 Beds 3 Baths 2,531 sqft Built 2014

$580,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $229.16
  • 27 Days on Market
  • MLS # : 2270694
  • Updated Date : 03/14/2021 at 03:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,531 sqft
  • Baths : 2 full , 1 half
Listing Agent

City Villa Realty & Management

Listing Agent's Description

Gorgeous single-story home in Henderson. 3 bedroom, 2 baths,s, and 3 car garage. The house used to be the model home with a fully upgraged and was kept in a good shape. Open floor plan concept with special tile flooring. Beautiful chef's kitchen with recessed lighting, oversized island, quartz counters, tile backsplash, and stainless steel appliances. Large master suite with backyard access and spa-like master bath with a garden tub and make-up vanity. Guest bedrooms with Jack-&Jill bathroom, Ceiling fan, and light in all bedrooms. Beautiful backyard with covered patio.

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: Gibson Springs

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Gibson Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
Lorna J. Kesterson Elementary School Primary Regular 653 31 9
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Lorna J. Kesterson Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 31
9
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$522,000$638,000$580,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,015
Property Tax -$371
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$270

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.

$580,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.8%
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-$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$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,015

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $145,000
Loan Amount $435,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$16,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,139

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,1254$2,2005$2,310
$2,310
RENT COMPS ANALYSIS
  • 1085 Jesse Harbor Avenue Henderson, NV 5
    • 3 beds 3 baths ∙ 2,531 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,531 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.91
    •  
  • 353 Wilford Springs Street #0 Henderson, NV 1
    • 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 2016
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 1144 Barby Springs Avenue Henderson, NV 2
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2016
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 1218 Starstone Court Henderson, NV 3
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1998
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.88
    •  
  • 1339 Summer Dawn Avenue Henderson, NV 4
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1996
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jiafan Tian
1.702.817.5120
City Villa Realty & Management
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270694
Last Updated: 03/14/2021
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