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1312 Cornet Street Henderson, NV 89052

5 Beds 5 Baths 4,331 sqft Built 2000

$799,900

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $184.69
  • 4 Days on Market
  • MLS # : 2277758
  • Updated Date : 03/11/2021 at 09:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,331 sqft
  • Baths : 5 full
Listing Agent

Black & Cherry Real Estate

Listing Agent's Description

Absolutely Gorgeous Former Model Home! Large Luxurious Pool Home on a Corner Lot in Cul De Sac. Master Suite has Wet Bar, Retreat, Separate His & Her Bathrooms, 2 Custom Walk-in Closets, and Sinks. Custom Shutters, Built-in Cabinet in the Living Room, Custom Stylish Front Door, Crown Molding, Granite Countertop, Custom Heated Pool & Spa. Brand New AC & Pool Pump. 3 Car Garage has Hanging Storage. All Camera System and Appliances Stay. Furniture & Backyard Speaker system is Negotiable. Beautifully Upgraded and Maintained. Several Parks all within Walking Distance.

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: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k608k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802696

* 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
 

$719,910$879,890$799,900

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$2,778
Property Tax -$432
Property Insurance -$111
Property Management Fees -$119
CASH FLOW
$260

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.

$799,900

PROJECTED PRICE

$3,700

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 4.7%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$79,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,700

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,920

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,7003$3,7004$3,8505$3,900
$3,900
RENT COMPS ANALYSIS
  • 1312 Cornet Street Henderson, NV 3
    • 5 beds 5 baths ∙ 4,331 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,331 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.85
    •  
  • 2834 Poseidon Shore Avenue Henderson, NV 1
    • 5 beds 5 baths ∙ 4,282 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,282 Sqft ∙ Built 2018
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.84
    •  
  • 1208 Martini Drive Henderson, NV 2
    • 4 beds 5 baths ∙ 4,203 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,203 Sqft ∙ Built 2002
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.88
    •  
  • 2940 Carmelo Drive #0 Henderson, NV 4
    • 5 beds 5 baths ∙ 4,045 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,045 Sqft ∙ Built 2000
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.95
    •  
  • 2246 Via Cadoma Henderson, NV 5
    • 5 beds 4 baths ∙ 4,121 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,121 Sqft ∙ Built 2014
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $0.95
    •  
PROPERTY LISTING DETAILS
Sujin L Kyong
1.702.303.0996
Black & Cherry Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277758
Last Updated: 03/11/2021
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