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132 Bear Coat Court Henderson, NV 89002

5 Beds 3 Baths 3,746 sqft Built 2006

INVESTimate

$513,500

List Price

$2,540

$2,290 - $2,790

Rent Est.

$560,845  ( +9.22%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $137.08
  • 6 Days on Market
  • MLS # : 2223799
  • Updated Date : 08/24/2020 at 06:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,746 sqft
  • Baths : 3 full
Listing Agent

Sun West Luxury Realty Llc

Listing Agent's Description

High in the Hills of Henderson, this lovely home rests adjacent to beautiful mountains, walking trails and nature! Centrally located, minutes away from the freeway, schools, retail and restaurants. Including 5 Bedrooms with one downstairs, Large master with sitting area and his/her walk in closets, loft, 4 baths, 3 car garage, pool... this home has it all! Resort style backyard with mature landscape, fire pit conversation area, covered patio, pool/spa with eating table in the water! A perfect way to enjoy "at home" living!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
James E And A Rae Smalley Elementary School Primary Regular 878 40 10
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

James E And A Rae Smalley Elementary School

  • Education Level: Primary
  • # of students: 878
  • # of teachers: 40
10
GreatSchools Rating

Jack And Terry Mannion Middle School

  • Education Level: Middle
  • # of students: 1,523
  • # of teachers: 62
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$462,150$564,850$513,500

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,895
Property Tax -$451
Property Insurance -$100
HOA -$20
Property Management Fees -$119
CASH FLOW
-$45

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.

$513,500

PROJECTED PRICE

$2,540

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.22%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$141,828

INVESTMENT

$141,828

Down Payment
$128,375
Rehab Estimate
$5,750
Closing Costs
$7,703

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,895

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,375
Loan Amount $385,125
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$34,795

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,529

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,499
1$2,4992$2,5003$2,5004$2,5405$2,700
$2,700
RENT COMPS ANALYSIS
  • 132 Bear Coat Court Henderson, NV 4
    • 5 beds 3 baths ∙ 3,746 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,746 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.68
    •  
  • 1149 Chislehurst Court #n/a Henderson, NV 1
    • 5 beds 3 baths ∙ 3,747 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,747 Sqft ∙ Built 2006
    property image
    LEASED 04/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.67
    •  
  • 27 Singing Dove Avenue Henderson, NV 2
    • 5 beds 3 baths ∙ 3,854 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,854 Sqft ∙ Built 2006
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.65
    •  
  • 140 Vitale Avenue #0 Henderson, NV 3
    • 5 beds 4 baths ∙ 3,747 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,747 Sqft ∙ Built 2006
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.67
    •  
  • 1022 Boundary Line Henderson, NV 5
    • 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.71
    •  
PROPERTY LISTING DETAILS
Patricia D Martinez
1.702.498.6641
Sun West Luxury Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223799
Last Updated: 08/24/2020
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