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120 Rolling Cove Avenue Henderson, NV 89011

5 Beds 2 Baths 2,987 sqft Built 2007

$419,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $140.58
  • 5 Days on Market
  • MLS # : 2257465
  • Updated Date : 12/23/2020 at 20:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,987 sqft
  • Baths : 2 full
Listing Agent

Prominent Realty Group Llc

Listing Agent's Description

GREAT VIEWS of Las Vegas, The Strip, the Wetlands and the Mountains. Quiet and conveniently located 5 bedroom, 3 bath, 2987 sq ft home with large bedroom and bath downstairs, formal dining room, living room, great room, kitchen with granite countertops, loft and four bedrooms upstairs all with walk-in closets and a 2 car garage. 5 miles to casinos, restaurants and shopping... located next to the wetlands and bike paths along side the Las Vegas Wash that goes all the way to Lake Las Vegas and beyond, perfect for walking, running or biking. Community has a kids park, tennis courts, basketball court and baseball diamonds, and dog park. A great value and move-in ready.

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: 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
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,549
Property Tax -$284
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$163

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.

$419,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.52%

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$46,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,352

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2504$2,2505$2,600
$2,600
RENT COMPS ANALYSIS
  • 120 Rolling Cove Avenue Henderson, NV 2
    • 5 beds 2 baths ∙ 2,987 Sqft ∙ Built 2007 5 beds 2 baths ∙ 2,987 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
  • 269 Via Franciosa Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2006
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 304 Via Di Citta Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2006
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
  • 900 Via Del Tramonto Street Henderson, NV 4
    • 4 beds 2 baths ∙ 2,856 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,856 Sqft ∙ Built 2007
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.79
    •  
  • 208 Via Mezza Luna Court Henderson, NV 5
    • 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 2007
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
PROPERTY LISTING DETAILS
Greg Shuff
1.951.639.7291
Prominent Realty Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257465
Last Updated: 12/23/2020
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