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130 Ringlore Drive Henderson, NV 89015

3 Beds 1 Baths 1,684 sqft Built 1995

$420,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $249.41
  • 2 Days on Market
  • MLS # : 2280393
  • Updated Date : 03/21/2021 at 05:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,684 sqft
  • Baths : 1 full
Listing Agent

Vegas Strong Real Estate Group

Listing Agent's Description

Pool home with 3 bedroom/2 bathroom/3 car garage and room to add RV parking. Location is walking distance to trails and parks and shopping. Convenient location under 18 miles to Lake Mead and 17 miles to downtown LV strip. NEW: Air conditioner 2020, Microwave 2020, water softener 2020, water osmosis 2021, solar panels 2019, Maytag washer & dryer 2020, pull-down attic in garage for extra storage, installed water line from home to street 2021...and more! Custom cabinets with pull-out drawers and lighted throughout the home. Tile through-out the home. Alarm system owned service through AAA. Pebble tech pool with roll-out solar shade. Re-newed landscaping with vanity and coach lights. So much, please ask for the upgrade list.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k355k

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

Neighborhood: Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10081825

* 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
Sue Morrow Elementary School Primary Regular 734 38 9
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Sue Morrow Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 38
9
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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,459
Property Tax -$211
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$288

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.

$420,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,334

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,5604$1,5955$1,750
$1,750
RENT COMPS ANALYSIS
  • 130 Ringlore Drive Henderson, NV 3
    • 3 beds 1 baths ∙ 1,684 Sqft ∙ Built 1995 3 beds 1 baths ∙ 1,684 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.93
    •  
  • 134 Cloudcrest Drive #0 Henderson, NV 1
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1995
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 819 Anchor Henderson, NV 2
    • 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 1990
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.90
    •  
  • 822 Schooner Drive Henderson, NV 4
    • 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1989
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 924 Anchor Drive Henderson, NV 5
    • 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,693 Sqft ∙ Built 1986
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Wendy L Reid
1.702.510.9333
Vegas Strong Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280393
Last Updated: 03/21/2021
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