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1375 Tranquil Skies Avenue Henderson, NV 89012

4 Beds 3 Baths 2,197 sqft Built 2001

INVESTimate

$390,000

List Price

$1,790

$1,611 - $1,969

Rent Est.

$414,960  ( +6.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $177.51
  • 5 Days on Market
  • MLS # : 2223798
  • Updated Date : 08/22/2020 at 15:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,197 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Great flowing floorplan with spacious living areas, 4 Bedroom 2.5 baths ,huge kitchen with walk-in pantry, formal living and dining rooms and spacious bedrooms. Custom offset tile flooring, ceiling fans, extended kitchen cabinets, laundry room with built-in cabinets and laundry sink. Amazing master with custom closets, ceiling fan and upgraded bath. The most spectacularly large yard with built in BBQ area, great for pool. RV and/or boat parking on side. Close to schools, shopping and freeways.. This is a MUST SEE..

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: MacDonald Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k549k

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

Neighborhood: MacDonald Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10802503

* 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Foothill High School High Regular 2,883 109 7

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Foothill High School

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

$351,000$429,000$390,000

PURCHASE PRICE

$1,611$1,969$1,790

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,439
Property Tax -$240
Property Insurance -$70
HOA -$11
Property Management Fees -$119
CASH FLOW
-$89

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.

$390,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.40%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$22,997

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,928

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,7953$1,9504$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 1375 Tranquil Skies Avenue Henderson, NV 1
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.81
    •  
  • 241 Buena Adventura Henderson, NV 2
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2001
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 1591 Bamboo Bay Drive Henderson, NV 3
    • 4 beds 2 baths ∙ 2,174 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,174 Sqft ∙ Built 2000
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 231 Horizon Peak Drive Henderson, NV 4
    • 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,069 Sqft ∙ Built 1999
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 214 Prairie Creek Street Henderson, NV 5
    • 5 beds 3 baths ∙ 2,346 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,346 Sqft ∙ Built 2001
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
PROPERTY LISTING DETAILS
Twila K Thielman
1.702.283.4703
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223798
Last Updated: 08/22/2020
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