Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

131 Ivy Street Henderson, NV 89015

3 Beds 2 Baths 936 sqft Built 1963

$224,000

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $239.32
  • 11 Days on Market
  • MLS # : 2245979
  • Updated Date : 11/12/2020 at 08:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 936 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sw

Listing Agent's Description

This charming 3 bedroom home is located in a non-HOA area of Henderson and offers something you won't get anywhere else in town for this price... and that is yard space! The home was renovated by the previous owner in 2019 and the upgrades included all of the bigger projects such as kitchen and bathroom remodels. All kitchen appliances come with the home! Come see this beautiful home for yourself and envision all the possibilities for this sprawling backyard space. This neighborhood has been going through a renaissance as is evidenced when you drive around the area. As these renovated homes continue to hit the market you will see prices continue to rise. Don't wait... today's the day!

SEE MORE

MARKET HIGHLIGHTS

  • 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
Robert L. Taylor Elementary School Primary Regular 530 34 2
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Robert L. Taylor Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 34
2
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
 

$201,600$246,400$224,000

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$826
Property Tax -$75
Property Insurance -$45
Property Management Fees -$119
CASH FLOW
-$46

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.

$224,000

PROJECTED PRICE

$1,020

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,110

INVESTMENT

$65,110

Down Payment
$56,000
Rehab Estimate
$5,750
Closing Costs
$3,360

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,000
Loan Amount $168,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$12,795

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,039

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,020
1$1,0202$1,0753$1,2004$1,2005$1,200
$1,200
RENT COMPS ANALYSIS
  • 131 Ivy Street Henderson, NV 1
    • 3 beds 2 baths ∙ 936 Sqft ∙ Built 1963 3 beds 2 baths ∙ 936 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $1.09
    •  
  • 915 Major Avenue Henderson, NV 2
    • 3 beds 2 baths ∙ 1,081 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,081 Sqft ∙ Built 1978
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.99
    •  
  • 33 Laswell Henderson, NV 3
    • 3 beds 1 baths ∙ 1,042 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,042 Sqft ∙ Built 1952
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.15
    •  
  • 133 Elm Street Henderson, NV 4
    • 3 beds 1 baths ∙ 1,042 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,042 Sqft ∙ Built 1954
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.15
    •  
  • 70 Church Street Henderson, NV 5
    • 3 beds 1 baths ∙ 1,042 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,042 Sqft ∙ Built 1952
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.15
    •  
PROPERTY LISTING DETAILS
Mark D Wiley
1.702.499.1915
Keller Williams Realty Sw
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2245979
Last Updated: 11/12/2020
BESbswy