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1494 Orange Jubilee Road Henderson, NV 89014

3 Beds 3 Baths 2,298 sqft Built 2006

$320,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $139.25
  • 6 Days on Market
  • MLS # : 2247238
  • Updated Date : 11/10/2020 at 22:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,298 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prominent Realty Group Llc

Listing Agent's Description

Stunning and spacious three-bedroom townhome with private yard and two-car garage in gated community! Property shows pride of ownership and boasts upgraded and remodeled kitchen with quartz counters, stainless steel appliances, and large breakfast bar. Open dining/family room combo with cozy built-in electric fireplace. Master bedroom retreat with sitting area and huge walk-in closet. Master bath with separate garden tub/shower. All bathrooms recently upgraded and remodeled. Large den/loft upstairs. Ceramic tile flooring and carpet throughout, solar screens, ceiling fans, blinds, doggie door. High efficiency A/C units recently replaced at a cost of $30,000, plus all new ductwork. LifeSource water filtration system installed. Laundry room downstairs. Garage with storage. Pebble-stone epoxy overlay in private yard with a putting green! Close to shopping, schools, freeways. You don't want to miss this amazing home!

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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,181
Property Tax -$227
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
$142

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.

$320,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.54%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$40,097

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,936

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,7003$1,7404$2,0995$2,300
$2,300
RENT COMPS ANALYSIS
  • 1494 Orange Jubilee Road Henderson, NV 3
    • 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.76
    •  
  • 6006 Aimless Henderson, NV 1
    • 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 2002
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.81
    •  
  • 1429 Hawkwood Road Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1991
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 1521 Plain Sight Henderson, NV 4
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1992
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.87
    •  
  • 1626 Sedona Cliffs Avenue Henderson, NV 5
    • 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2015
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
PROPERTY LISTING DETAILS
Patricia A Holthausen
1.702.499.1553
Prominent Realty Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247238
Last Updated: 11/10/2020
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