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1136 Hidden Mist Street Henderson, NV 89052

4 Beds 3 Baths 3,019 sqft Built 1997

$749,900

List Price

$2,770

$2.5K - $3K

Rent Est.

$204,474

Investment Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $248.39
  • 6 Days on Market
  • MLS # : 2258071
  • Updated Date : 12/30/2020 at 19:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,019 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

LOCATION, LOCATION, LOCATION. PRISTINE 3,000 SQ FT PLUS SINGLE STORY WITH 3 CAR GARAGE IN GATED ENCLAVE IN SUNRIDGE AT MACDONALD RANCH! NEWLY REMODELED KITCHEN WITH WHITE SHAKER CABINETS, ISLAND WITH BREAKFAST BAR, BUILT-IN STAINLESS APPLIANCES & GRANITE COUNTERS. BACKYARD PARADISE BOASTS SOLAR HEATED INGROUND POOL & SPA WITH WATERFALL, COVERED PATIO WITH MOTORIZED LOUVERS, DOG RUN, FIREPLACE & BUILT-IN BBQ. GREAT ROOM FEATURES GAS FIREPLACE, CEILING FAN, SURROUND SOUND, CROWN MOLDING & 4 PANEL COMPLETELY COLLAPSIBLE FOLDING GLASS DOORS TO BACKYARD TO CREATE A TRUE INDOOR/OUTDOOR EXPERIENCE. INTERIOR FEATURES "WOOD LOOK" PORCELAIN TILE FLOORS, SHUTTERS, NEW BASEBOARDS, SKYLIGHT, FORMAL DINING, MASTER BEDROOM WITH TRUE SITTING AREA RETREAT, BUILT-INS IN MASTER WALK-IN CLOSET & 3-WAY GAS FIREPLACE. EXTERIOR FEATURES ENTIRE HOME MOTORIZED ROLLING SECURITY SHUTTERS ON EVERY DOOR & WINDOW, NO NEIGHBORS BEHIND, NEW CARRIER HVAC SYSTEM AND TRUE RV PARKING WITH 16 FOOT GATE AND CONCRETE PAD.

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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)
  • 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)

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
 

FINANCIALS

Learn how to read this

$674,910$824,890$749,900

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,767
Property Tax -$356
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$558

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.

$749,900

PROJECTED PRICE

$2,770

PROJECTED RENT

0.37%

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

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$204,474

INVESTMENT

$204,474

Down Payment		 $187,475
Rehab Estimate		 $5,750
Closing Costs		 $11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$15,340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT

  • $0.92

    LIST RENT PER SQFT

  • $2,430

    COMP ESTIMATED VALUE

  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2953$2,3454$2,5955$2,770
$2,770
RENT COMPS ANALYSIS
  • 1136 Hidden Mist Street Henderson, NV 5
    • 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,019 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.92
    •  
  • 2415 Taragato Henderson, NV 1
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2001
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 806 Sandhill Sage Henderson, NV 2
    • 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
  • 917 Sir Winston Street Henderson, NV 3
    • 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.79
    •  
  • 2268 Lyrical Road Henderson, NV 4
    • 3 beds 4 baths ∙ 2,829 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,829 Sqft ∙ Built 2002
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.92
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Mason H Richburg
1.702.245.7850
Coldwell Banker Premier
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258071
Last Updated: 12/30/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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