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125 Fir Street Henderson, NV 89015

3 Beds 2 Baths 1,372 sqft Built 1954

$274,500

List Price

$1,200

$1.1K - $1.3K

Rent Est.

$78,493

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $200.07
  • 3 Days on Market
  • MLS # : 2270714
  • Updated Date : 02/20/2021 at 08:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 full
Listing Agent

Swg Realty Group

Listing Agent's Description

Renovated Single story in Henderson! Brand New White shaker cabinets with self closing hinges and black modern pulls. Open floor plan with tons of natural. White Carrara quartz countertops. Freshly paint inside and out. Remodeled baths, tiled walk in showers and accented shampoo box. Brand New Desert landscaping in front and back yard. New carpet and padding. 5" Modern baseboards throughout. New light fixtures, faucets, door handles, shelves. Stainless steel appliances. Front room is pouring in with natural light!

SEE MORE

MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Valley View

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $74k340k

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

Neighborhood: Valley View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8291825

* 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
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
8
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
 

FINANCIALS

Learn how to read this

$247,050$301,950$274,500

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$953
Property Tax -$82
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$8

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.

$274,500

PROJECTED PRICE

$1,200

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$78,493

INVESTMENT

$78,493

Down Payment		 $68,625
Rehab Estimate		 $5,750
Closing Costs		 $4,118

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$953

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,625
Loan Amount $205,875
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,360

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT

  • $0.87

    LIST RENT PER SQFT

  • $1,242

    COMP ESTIMATED VALUE

  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,075
1$1,0752$1,1453$1,2004$1,2005$1,265
$1,265
RENT COMPS ANALYSIS
  • 125 Fir Street Henderson, NV 4
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.87
    •  
  • 139 Ivy Street Henderson, NV 1
    • 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1963
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.91
    •  
  • 53 Laswell Street Henderson, NV 2
    • 3 beds 1 baths ∙ 1,330 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,330 Sqft ∙ Built 1952
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $0.86
    •  
  • 14 New Mexico Way Henderson, NV 3
    • 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1953
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.98
    •  
  • 108 North Cholla Street Henderson, NV 5
    • 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,446 Sqft ∙ Built 1953
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,265
    • $0.87
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Casey Ryan
1.702.583.7887
Swg Realty Group
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270714
Last Updated: 02/20/2021

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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