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1339 Coulisse Street Henderson, NV 89052

6 Beds 4 Baths 3,448 sqft Built 2002

$599,400

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $173.84
  • 3 Days on Market
  • MLS # : 2255830
  • Updated Date : 12/18/2020 at 13:30
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,448 sqft
  • Baths : 4 full
Listing Agent

Life Realty District

Listing Agent's Description

Extremely rare and spacious 6-bedroom home in 89052 Henderson Zip (Coventry Homes @ Anthem) walkable to two amazing parks and top-ranked public schools such as Lamping Elementary and Del Webb Middle School! Property backs to Harmony park with lush green open views, walking trails, basketball courts, frisbee golf course, and much more! Miles of desert hiking trails just a hop, skip and jump away! Home has been freshly painted throughout and also includes a brand new complete HVAC system and water heater! 6th bedroom is downstairs and can also be used as office/den. Don't miss out on this incredible opportunity!

SEE MORE

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: 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
 

$539,460$659,340$599,400

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,212
Property Tax -$369
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$44

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.

$599,400

PROJECTED PRICE

$2,750

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$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$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,591

INVESTMENT

$164,591

Down Payment
$149,850
Rehab Estimate
$5,750
Closing Costs
$8,991

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,212

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,850
Loan Amount $449,550
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$44,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,988

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,7503$3,1164$3,200
$3,200
RENT COMPS ANALYSIS
  • 1339 Coulisse Street Henderson, NV 2
    • 6 beds 4 baths ∙ 3,448 Sqft ∙ Built 2002 6 beds 4 baths ∙ 3,448 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.80
    •  
  • 744 Barnegat Bay Henderson, NV 1
    • 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.85
    •  
  • 2710 Carolina Blue Avenue Henderson, NV 3
    • 5 beds 3 baths ∙ 3,568 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,568 Sqft ∙ Built 2000
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,116
    • $0.87
    •  
  • 1327 Coulisse Street Henderson, NV 4
    • 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.88
    •  
PROPERTY LISTING DETAILS
Corey D Toushin
1.702.960.4663
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255830
Last Updated: 12/18/2020
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