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1145 Bear Head Street Henderson, NV 89011

4 Beds 3 Baths 2,593 sqft Built 2016

$399,900

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $154.22
  • 5 Days on Market
  • MLS # : 2256224
  • Updated Date : 12/17/2020 at 19:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,593 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Wow, a 2016 with everything! Cul-de-sac. 10' foot ceilings. Granite countertops, garden window to view the back yard. Walk-in pantry, plus butlers pantry for those coffee needs! Large storage under staircase. Open den in front of house perfect for office setting. Surround sound throughout. Alarm system. Two panel doors. Carpet in bedrooms, tile in wet areas. Spacious loft with balcony. Larger sized bedrooms. Open modern banister. Master bedroom with balcony. Master has separate thermostat. Master bath has dual sinks, granite shower, rain shower head. Laundry room upstairs. Fans throughout. Covered patio. Pool sized backyard waiting for your personal design. Fire sprinklers throughout. Community has a park, trails, playground, and sports facilities for a low 35/month HOA.

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: Pittman

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $72k340k

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

Neighborhood: Pittman

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7911825

* 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
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,475
Property Tax -$295
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
$253

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$399,900

PROJECTED PRICE

$2,220

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$54,409

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,204

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,0953$2,2204$2,2955$2,395
$2,395
RENT COMPS ANALYSIS
  • 1145 Bear Head Street Henderson, NV 3
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.86
    •  
  • 168 Rolling Cove Avenue Henderson, NV 1
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2007
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.77
    •  
  • 1009 Via Gandalfi Henderson, NV 2
    • 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 2015
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.85
    •  
  • 964 Via Columbo Street Henderson, NV 4
    • 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,585 Sqft ∙ Built 2010
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.89
    •  
  • 964 Via Vannucci Way Henderson, NV 5
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.89
    •  
PROPERTY LISTING DETAILS
Rebecca Ashby
1.702.816.6292
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256224
Last Updated: 12/17/2020
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