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175 Golden Crown Avenue Henderson, NV 89002

4 Beds 3 Baths 2,368 sqft Built 2001

$450,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $190.03
  • 4 Days on Market
  • MLS # : 2279685
  • Updated Date : 03/19/2021 at 09:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,368 sqft
  • Baths : 3 full
Listing Agent

Nevada Desert Realty Inc

Listing Agent's Description

This one hits all the check boxes!! Superb quiet Henderson subdivision! Upon entering you will already feel right at home in this move-in ready home! Kitchen has been recently updated with neutral quartz counter tops, custom mosaic tile backsplash, stainless steel appliances, under-mount kitchen sink, pantry & dining nook. Kitchen overlooks backyard & is the ideal space for those beautiful Spring in the desert nights! There are 4 bedrooms, 3 bathrooms (with 1 full bedroom & 1 full bathroom downstairs) + large loft upstairs! 3 car attached garage offer direct entry into the home. Backyard offers pool, spa, covered patio. Low maintenance landscaping with automatic dripper system. Downstairs offers plenty of entertaining space with a formal living room & dining room off the front entry, & family room near the kitchen with gas fireplace with custom tile surround. Huge loft upstairs for unlimited possibilities! Gorgeous mountain views! Near shopping, schools & restaurants.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
James E And A Rae Smalley Elementary School Primary Regular 878 40 10
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

James E And A Rae Smalley Elementary School

  • Education Level: Primary
  • # of students: 878
  • # of teachers: 40
10
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,563
Property Tax -$282
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$87

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.

$450,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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$1.4M$1.6M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$22,434

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,942

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9504$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 175 Golden Crown Avenue Henderson, NV 3
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 1221 Grove Park Street Henderson, NV 1
    • 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2007
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.80
    •  
  • 1022 Swingline Street #n/a Henderson, NV 2
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2005
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 247 Mission Verde Avenue Henderson, NV 4
    • 3 beds 3 baths ∙ 2,560 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,560 Sqft ∙ Built 2005
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.82
    •  
  • 82 Rattlesnake Grass Court Henderson, NV 5
    • 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2005
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
PROPERTY LISTING DETAILS
D Michael Klinger
1.702.296.9736
Nevada Desert Realty Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279685
Last Updated: 03/19/2021
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