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144 Overlook Court Henderson, NV 89074

6 Beds 4 Baths 4,621 sqft Built 1993

$699,888

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $151.46
  • 4 Days on Market
  • MLS # : 2277325
  • Updated Date : 03/13/2021 at 00:20
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,621 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

Stunning 4,621 sq.ft.*Guard Gated*.27 acre*Cul D' Sac*3 car*Backyard oasis*Pool& Spa w/waterfall completely refinished &replastered*Wonderful for multi-gen w/2 bdrms & 1 1/2 baths down*Huge gameroom, 4 bdrms, 3 baths up*Gourmet kitchen remodeled w/custom cabinets, built-in $10K KitchenAid refrigerator 2 yrs old, 5 burner gas cooktop, island, brkfst bar, brkfst nook, granite, walk-in pantry, vented hood, undercabinet lighting, water filter*Primary bdrm suite w/10'x12' walk-in closet w/custom built-ins*Primary spa bath w/dbl sinks, separate garden tub, walk-in shower & make-up table*3 guest bdrms w/direct access to baths &walk-in/triple closets*Dramatic Grand Staircase*2 Fireplaces*Formal Dining Room*2 Balconies*Shutters*Recessed lighting*Ceiling fans*Water softener*8' Laundry w/sink & cabinets*A/C units replaced last 6 years*New exterior paint*BBQ stub*34' covered patio w/three French Doors &pavers*Ring Alarm*Low HOA $125/month*NO SID*Covered Patio w/new roof 2020 w/10 year warranty

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: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Green Valley South

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
David M. Cox Elementary School Primary Regular 625 32 8
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Coronado High School High Regular 3,240 124 10

David M. Cox Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 32
8
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$629,899$769,877$699,888

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$2,431
Property Tax -$446
Property Insurance -$117
Property Management Fees -$119
CASH FLOW
$357

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.

$699,888

PROJECTED PRICE

$3,470

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.9%
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$191,220

INVESTMENT

$191,220

Down Payment
$174,972
Rehab Estimate
$5,750
Closing Costs
$10,498

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,972
Loan Amount $524,916
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$81,872

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,470

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $3,720

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$3,470
1$3,4702$3,5003$3,6004$3,6005$4,200
$4,200
RENT COMPS ANALYSIS
  • 144 Overlook Court Henderson, NV 1
    • 6 beds 4 baths ∙ 4,621 Sqft ∙ Built 1993 6 beds 4 baths ∙ 4,621 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $3,470
    • $0.75
    •  
  • 2405 Ping Drive Henderson, NV 2
    • 6 beds 4 baths ∙ 4,636 Sqft ∙ Built 1997 6 beds 4 baths ∙ 4,636 Sqft ∙ Built 1997
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.75
    •  
  • 2421 Tour Edition Drive Henderson, NV 3
    • 5 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996 5 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.78
    •  
  • 2408 Tour Edition Drive #0 Henderson, NV 4
    • 5 beds 5 baths ∙ 4,621 Sqft ∙ Built 1992 5 beds 5 baths ∙ 4,621 Sqft ∙ Built 1992
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.78
    •  
  • 2465 Ping Drive Henderson, NV 5
    • 5 beds 4 baths ∙ 4,636 Sqft ∙ Built 1996 5 beds 4 baths ∙ 4,636 Sqft ∙ Built 1996
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Robin I Smith
1.702.460.5080
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277325
Last Updated: 03/13/2021
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