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1508 Oxbow Court Henderson, NV 89014

5 Beds 3 Baths 2,906 sqft Built 1989

$570,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $196.15
  • 3 Days on Market
  • MLS # : 2268247
  • Updated Date : 02/07/2021 at 03:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,906 sqft
  • Baths : 3 full
Listing Agent

Resolution Realty

Listing Agent's Description

*Stunning home in Whitney Ranch!*Gorgeous 2 story on large lot features RV gate, refreshing pool & lots of new throughout!*Double door entry into home showcasing soaring ceilings*Beautiful marble-looking tile in entry/fresh paint/new & upgraded fixtures/new kitchen/shutters/blinds/plush carpet*Wood-like tile floors in living rm/dining rm/kitchen/family room*New Appliances that stay*Formal living room w/ cozy fireplace offers fantastic space for entertaining*Just beyond you'll find the formal dining room*Amazing chef's kitchen has stunning quartz counters/farmhouse sink/breakfast bar/back splash/stainless appliances/drop pendant lighting/upgraded cabinets & is open to the family room w/ fireplace and jazzy wet bar*Guest bedrm downstairs*Remaining bedrooms are upstairs including spacious primary bedroom w/ fabulous bthrm featuring separate tub & shower/fireplace/double vanities*Gorgeous paradise like backyard is amazing; inground pool/putting green/covered patio/fruit trees*Show me!

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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: 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
 

$513,000$627,000$570,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,980
Property Tax -$247
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
-$289

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.

$570,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.38%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$15,859

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,201

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9993$2,1404$2,3255$2,500
$2,500
RENT COMPS ANALYSIS
  • 1508 Oxbow Court Henderson, NV 3
    • 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.74
    •  
  • 750 Rising Star Drive Henderson, NV 1
    • 5 beds 2 baths ∙ 2,906 Sqft ∙ Built 1988 5 beds 2 baths ∙ 2,906 Sqft ∙ Built 1988
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.68
    •  
  • 703 Rocky Trail Road Henderson, NV 2
    • 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 1989
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.69
    •  
  • 725 Rising Star Henderson, NV 4
    • 4 beds 2 baths ∙ 2,905 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,905 Sqft ∙ Built 1989
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.80
    •  
  • 735 Rising Star Drive Henderson, NV 5
    • 5 beds 2 baths ∙ 2,906 Sqft ∙ Built 1988 5 beds 2 baths ∙ 2,906 Sqft ∙ Built 1988
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ehren Alessi
1.702.800.5054
Resolution Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268247
Last Updated: 02/07/2021
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