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1147 Hidden Mist Street Henderson, NV 89052

5 Beds 3 Baths 2,918 sqft Built 1997

$639,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $218.99
  • 10 Days on Market
  • MLS # : 2248335
  • Updated Date : 11/20/2020 at 18:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,918 sqft
  • Baths : 3 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Area and school highly desirable, Near to entertainment, airport, shopping and restaurants. Air conditioning system less then 5 yrs old, tankless hot water system, central vacuum, soft water system, overhead storage in garage, jack-n-jill bathroom between 3/4 bedroom, backyard to enjoy for family fun in pool and spa. In 2nd bedroom by garage is a Murphy bed which is staying. In 5th bedroom it is setup as a office and has built in shelves. Brazilian hardwood floors thru out most of the house. Master bathroom has been upgraded with a walk in shower and stand alone tub, vessel sinks. Nice gated front yard for kids to play in. Walk to elementary and Middle Schools. Parks nearby and one has a skate board park.

SEE MORE

MARKET HIGHLIGHTS

  • 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
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,358
Property Tax -$331
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$411

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.

$639,000

PROJECTED PRICE

$2,480

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$16,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,437

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2953$2,3954$2,4455$2,480
$2,480
RENT COMPS ANALYSIS
  • 1147 Hidden Mist Street Henderson, NV 5
    • 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.85
    •  
  • 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
    •  
  • 2265 Ripresa Place Henderson, NV 2
    • 4 beds 4 baths ∙ 2,813 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,813 Sqft ∙ Built 2002
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.82
    •  
  • 2540 Serenity Hollow Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1997
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
  • 992 Crescent Meadows Court Henderson, NV 4
    • 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,724 Sqft ∙ Built 2000
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $0.90
    •  
PROPERTY LISTING DETAILS
Paul J Delaricheliere
1.702.250.8904
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248335
Last Updated: 11/20/2020
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