Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
172 Ridge Crossing Avenue 
Henderson, NV
89002
3 Beds 2 Baths 1,952 sqft
Built 2001
INVESTimate
$365,000
List Price
$102,475
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $186.99
- 17 Days on Market
- MLS # : 2221153
- Updated Date : 08/24/2020 at 09:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,952 sqft
- Baths : 2 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
PRIDE OF OWNERSHIP! Pristinely kept 3 bedroom, 2 bath home in Paradise Hills. Spacious kitchen with large island, custom roll out drawers and eat in kitchen area. Custom baseboards, ceiling fans and window treatments throughout home. Tile flooring set on diagonal. Custom cabinetry in great room. Custom bathroom doors. Master with real wood floors, walk in closet, dual sinks, shower and separate garden soaking tub. 40 foot back patio with patio cover and fan. Immaculate backyard landscape with fruit trees and operable fountain. Oversized laundry room with sink and LG front load washer and dryer. Soft water system. Front security door. Close to Paradis Park, restaurants, schools, parks and freeway access! Must see!
SEE MORE
- 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: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$237 | |
| Property Insurance | -$65 | |
| HOA | -$38 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$195
|
||
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.
$365,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.22% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
3.42
YEARS SAVED
$12,165
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,640
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
172 Ridge Crossing Avenue Henderson, NV 3
- 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,610
- $0.82
-
128 Beach Oak Avenue Henderson, NV 1
- 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1997
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,545
- $0.86
-
195 Regal Sunset Avenue #0 Henderson, NV 2
- 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 2000
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,600
- $0.83
-
158 Cloud Cover Avenue Henderson, NV 4
- 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 2006
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,695
- $0.83
-
1034 Copper Palm Court Henderson, NV 5
- 4 beds 4 baths ∙ 2,142 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,142 Sqft ∙ Built 2006
LEASED 11/17/19- Rent
- Rent Per SQFT
- $1,800
- $0.84
PROPERTY LISTING DETAILS
1.702.595.5085
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2221153
Last Updated: 08/24/2020
