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1405 Pathfinder Road Henderson, NV 89014

2 Beds 2 Baths 1,417 sqft Built 1990

$297,500

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $209.95
  • 5 Days on Market
  • MLS # : 2246662
  • Updated Date : 11/11/2020 at 07:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,417 sqft
  • Baths : 2 full
Listing Agent

Life Realty District

Listing Agent's Description

Beautifully Appointed Single Story Home Located in the Master Planned Community of Whitney Ranch. Centrally located and close to shopping at Galleria Mall, schools, entertainment and freeway access. Walking distance to parks and one of Hendersons best Recreation Centers. Open floor plan with formal living and dining room at entry. Tile flooring throughout! Formal Dining Area. Redesigned and upgraded gourmet kitchen with beautiful flat panel maple cabinets and stunning hardware, stainless appliances and rustic pattern level 3 granite counter tops. Separate laundry room. Oversized Master Bedroom with ceiling fans and walk in closet, newly designed master bath plus a walk out door to back yard. Rear private yard with covered patio and lush landscaping is the perfect place to relax with family and friends on those warm Vegas Nights!! This is a rare single story find under $300,000!! Call us today for a private showing!!

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: Whitney Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $110k340k

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

Neighborhood: Whitney Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10561825

* 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
Harriet Treem Elementary School Primary Regular 820 44 5
Francis Cortney Middle School Middle Regular 1,235 52 NA
Green Valley High School High Regular 3,092 122 9

Harriet Treem Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 44
5
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$267,750$327,250$297,500

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,098
Property Tax -$156
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$107

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.

$297,500

PROJECTED PRICE

$1,320

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,588

INVESTMENT

$84,588

Down Payment
$74,375
Rehab Estimate
$5,750
Closing Costs
$4,463

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,098

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,375
Loan Amount $223,125
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,424

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1953$1,2004$1,3205$1,350
$1,350
RENT COMPS ANALYSIS
  • 1405 Pathfinder Road Henderson, NV 4
    • 2 beds 2 baths ∙ 1,417 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,417 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.93
    •  
  • 5989 Trickling Descent Street #102 Henderson, NV 1
    • 2 beds 3 baths ∙ 1,167 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,167 Sqft ∙ Built 2001
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.99
    •  
  • 855 Stephanie Street #2211 Henderson, NV 2
    • 2 beds 2 baths ∙ 1,135 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,135 Sqft ∙ Built 2001
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.05
    •  
  • 855 Stephanie Street #2721 Henderson, NV 3
    • 2 beds 2 baths ∙ 1,168 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,168 Sqft ∙ Built 2000
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.03
    •  
  • 6331 Lorne Green Avenue #102 Las Vegas, NV 5
    • 2 beds 3 baths ∙ 1,417 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,417 Sqft ∙ Built 2002
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Robert W Morganti
1.702.540.3775
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246662
Last Updated: 11/11/2020
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