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173 Mount Saint Helens Drive Henderson, NV 89012

5 Beds 4 Baths 3,993 sqft Built 2000

INVESTimate

$530,000

List Price

$2,730

$2,480 - $2,980

Rent Est.

$580,509  ( +9.53%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $132.73
  • 9 Days on Market
  • MLS # : 2223433
  • Updated Date : 08/20/2020 at 23:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,993 sqft
  • Baths : 4 full
Listing Agent

Life Realty District

Listing Agent's Description

Remodeled home - new interior paint, granite kitchen counters, wood-like laminate floors downstairs and carpet upstairs. Spacious floor plan with formal living/dining, large front room could be used as office. Family room with fireplace open to kitchen. Kitchen includes new granite counters, updated cabinets, island and pantry. Kitchen appliances include cooktop, dual ovens and microwave. Bed and full bath downstairs. Oversized master with balcony, two way fireplace to master bath that includes large garden tub, separate shower and walk in closet. Secondary upstairs bedrooms spacious. Built in desk stairs and large loft/bonus room. Downstairs laundry with sink and storage. Exterior includes covered patio, wrought iron fence overlooking walking trail. Side yard could accomodate RV parking? Full desert landscaping. Two car finished garage complete this home.

SEE MORE

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: McCullough Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k366k

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

Neighborhood: McCullough Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801914

* 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
Ulis Newton Elementary School Primary Regular 611 35 7
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

Ulis Newton Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 35
7
GreatSchools Rating

Jack And Terry Mannion Middle School

  • Education Level: Middle
  • # of students: 1,523
  • # of teachers: 62
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

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$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,955
Property Tax -$328
Property Insurance -$104
HOA -$35
Property Management Fees -$119
CASH FLOW
$188

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.

$530,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.53%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$62,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $3,154

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7303$2,9004$3,4005$3,700
$3,700
RENT COMPS ANALYSIS
  • 173 Mount Saint Helens Drive Henderson, NV 2
    • 5 beds 4 baths ∙ 3,993 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,993 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.68
    •  
  • 906 Doric Avenue Henderson, NV 1
    • 5 beds 5 baths ∙ 3,651 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,651 Sqft ∙ Built 2017
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.68
    •  
  • 188 Mount Saint Helens Drive Henderson, NV 3
    • 6 beds 4 baths ∙ 3,730 Sqft ∙ Built 2000 6 beds 4 baths ∙ 3,730 Sqft ∙ Built 2000
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.78
    •  
  • 1384 Calle Calma #- Las Vegas, NV 4
    • 5 beds 4 baths ∙ 4,145 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,145 Sqft ∙ Built 2002
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.82
    •  
  • 1256 Ardia Street Henderson, NV 5
    • 5 beds 5 baths ∙ 4,197 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,197 Sqft ∙ Built 2006
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
Patty L Turner
1.702.281.4141
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223433
Last Updated: 08/20/2020
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