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176 Dunblane Street Henderson, NV 89012

4 Beds 3 Baths 2,582 sqft Built 2015

INVESTimate

$524,900

List Price

$2,170

$1,953 - $2,387

Rent Est.

$574,923  ( +9.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $203.29
  • 7 Days on Market
  • MLS # : 2222645
  • Updated Date : 08/21/2020 at 14:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,582 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

Breathtaking views of Black Mountain await you in this better-than-new Henderson home! Spacious open-concept floorplan featuring chef's kitchen with granite counters, custom backsplash, walk-in pantry, and Samsung Stainless Steel appliances. Upstairs loft area enjoys views of the twinkling city lights! Generously-sized secondary bedrooms with ceiling fans and lights (two of which also have walk-in closets!). You will fall in love with your master suite; gorgeous mountain views from your private balcony, dual walk-in closets, and spa-like soaking tub. The backyard is truly an oasis with sparkling pool and spa, covered patio equip with misters, and low-maintenance synthetic turf! 3-car garage with overhead storage racks, Ring cameras & doorbell, whole-house water softener, CAT 5 network, and so much more!

SEE MORE

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: 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
 

$472,410$577,390$524,900

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,937
Property Tax -$390
Property Insurance -$77
HOA -$120
Property Management Fees -$119
CASH FLOW
-$473

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.

$524,900

PROJECTED PRICE

$2,170

PROJECTED RENT

0.41%

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$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,169

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,1704$2,3005$2,450
$2,450
RENT COMPS ANALYSIS
  • 176 Dunblane Street Henderson, NV 3
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.84
    •  
  • 208 Rocky Basin Street Henderson, NV 1
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2013
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 241 Via Di Citta Henderson, NV 2
    • 4 beds 2 baths ∙ 2,405 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,405 Sqft ∙ Built 2006
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 816 Applecross Henderson, NV 4
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 817 Motherwell Avenue Henderson, NV 5
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Shay Stein Fillinger
1.702.250.3306
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222645
Last Updated: 08/21/2020
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