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1496 Rancho Navarro Street Henderson, NV 89012

3 Beds 2 Baths 1,745 sqft Built 1998

$359,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $206.25
  • 6 Days on Market
  • MLS # : 2244458
  • Updated Date : 11/05/2020 at 12:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,745 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Immaculate turn-key single story located in Henderson just a short distance to the District at Green Valley, Shopping, Restaurants, Parks, Schools, and Freeway access. This 1745 Sq. Ft. 3 Bedroom, 2 Bath home features a formal Living and Dining Room with Wood Shutters, Separate Family Room with Fireplace, Kitchen with Corian Counters, Custom Cabinets, 2 nice sized Secondary Bedrooms, Master with a Bay Window, Rolladen Shades and Master Bath with a Soaking Tub plus separate Shower. Situated on a low maintenance lot with desert landscaping and a peek a boo Strip view from the backyard. Extra built-in storage cabinets in the garage. Freshly painted with 2-tone paint and new carpet installed. All appliances included.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k396k

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

Neighborhood: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802045

* 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
Coronado High School High Regular 3,240 124 10

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

Coronado High School

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

$323,910$395,890$359,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,328
Property Tax -$221
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$149

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.

$359,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,723

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5803$1,5994$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1496 Rancho Navarro Street Henderson, NV 2
    • 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,745 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.91
    •  
  • 1484 Rancho Navarro Henderson, NV 1
    • 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1998
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
  • 1486 Rancho Navarro Street Henderson, NV 3
    • 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,589 Sqft ∙ Built 1997
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.01
    •  
  • 1465 Verde Triandos Drive Henderson, NV 4
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2000
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 158 Tionesta Ridge Lane Henderson, NV 5
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2000
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Michelle A Casolari
1.702.595.1224
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244458
Last Updated: 11/05/2020
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