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1127 Point Success Avenue Henderson, NV 89014

3 Beds 2 Baths 1,188 sqft Built 1997

$309,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $260.86
  • 2 Days on Market
  • MLS # : 2266508
  • Updated Date : 02/06/2021 at 12:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,188 sqft
  • Baths : 2 full
Listing Agent

Lvsweethomes Realty

Listing Agent's Description

Sweet single story home that features 1188 sqft, 3 beds, 2 baths, 2 car garage, wood and tile floors w/ carpet in the bedrooms, all kitchen appliances w/ eat in kitchen, spacious backyard w/ covered patio and a storage shed! More pics coming soon:)

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: 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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,076
Property Tax -$170
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
-$86

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.

$309,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,560

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,334

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3503$1,4004$1,4255$1,500
$1,500
RENT COMPS ANALYSIS
  • 1127 Point Success Avenue Henderson, NV 1
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.12
    •  
  • 206 Winterport Street #0 Henderson, NV 2
    • 3 beds 3 baths ∙ 1,297 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,297 Sqft ∙ Built 1997
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
  • 204 Luninborg Street Henderson, NV 3
    • 3 beds 3 baths ∙ 1,297 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,297 Sqft ∙ Built 1998
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
  • 317 Desert Knolls Street #- Henderson, NV 4
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1997
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.20
    •  
  • 330 Sweetspice Street Henderson, NV 5
    • 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1997
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.17
    •  
PROPERTY LISTING DETAILS
Windy Humphreys-goss
1.702.523.8128
Lvsweethomes Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266508
Last Updated: 02/06/2021
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