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1115 Pinto Horse Avenue Henderson, NV 89052

4 Beds 3 Baths 3,030 sqft Built 2005

$799,995

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $264.02
  • 7 Days on Market
  • MLS # : 2266364
  • Updated Date : 02/11/2021 at 20:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,030 sqft
  • Baths : 3 full
Listing Agent

Key Realty Southwest Llc

Listing Agent's Description

GORGEOUS 1 STORY HOME IN HENDERSON W/ POOL* 3 CAR GARAGE W/ STORAGE* GATED COMMUNITY* FRONT DOOR OPENS TO SPACIOUS FLOOR PLAN* CUSTOM STONE WORK* TILE & WOOD FLOORS THROUGHOUT* BREAKFAST BAR KITCHEN W/ GRANITE COUNTERTOPS & STAINLESS STEEL APPLIANCES* LARGE MASTER BEDROOM W/ DOUBLE SINK, SEPARATE TUB & SHOWER* REAR DOOR OPENS TO LARGE YARD W/ COVERED PATIO, BUILT IN BBQ & POOL/SPA* NEWLY RENOVATED POOL IN 2020!

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: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k442k

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

Neighborhood: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10802110

* 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
Frank Lamping Elementary School Primary Regular 705 38 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Frank Lamping Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 38
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$719,996$879,995$799,995

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,779
Property Tax -$521
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$365

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.

$799,995

PROJECTED PRICE

$3,140

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,749

INVESTMENT

$217,749

Down Payment
$199,999
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,999
Loan Amount $599,996
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$23,955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,576

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,5003$2,6504$2,9605$3,140
$3,140
RENT COMPS ANALYSIS
  • 1115 Pinto Horse Avenue Henderson, NV 5
    • 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.04
    •  
  • 2415 Taragato Henderson, NV 1
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2001
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 921 Sir Winston Street Henderson, NV 2
    • 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 2262 Brandwood Henderson, NV 3
    • 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2018
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.83
    •  
  • 832 Sandhill Sage Street Henderson, NV 4
    • 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1997
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $0.99
    •  
PROPERTY LISTING DETAILS
Randy J Maher
1.702.285.2061
Key Realty Southwest Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266364
Last Updated: 02/11/2021
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