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1782 Tanner Circle Henderson, NV 89012

3 Beds 3 Baths 1,962 sqft Built 1996

INVESTimate

$325,000

List Price

$1,700

$1,530 - $1,870

Rent Est.

$351,228  ( +8.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $165.65
  • 8 Days on Market
  • MLS # : 2223120
  • Updated Date : 08/20/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,962 sqft
  • Baths : 2 full , 1 half
Listing Agent

Marshall Stearns Real Estate

Listing Agent's Description

LIKE NEW!! MOVE IN READY - VERY CLEAN GREEN VALLEY RANCH TOWNHOME. SPACIOUS TWO STORY 3 BEDROOMS WITH MASTERS DOWNSTAIRS WITH 2 1/2 BATHS, LOFT AND VAULTED CEILING LIVING ROOM W/ COZY FIREPLACE. NEWLY UPGRADED KITCHEN WITH ALL NEW APPLIANCES, SINK, GRANITE COUNTER TOPS. FRESHLY PAINTED INTERIORS WITH NEUTRAL COLORS. SLIDING DOOR TO AN EASY TO CARE COVERED PATIO, 2 CAR GARAGE.TOP RATED SCHOOLS. IMMACULATE GATED COMMUNITY WITH POOL&SPA AND CLUBHOUSE. NEAR TO PARKS, SHOPPING AND HIGHWAY.

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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: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k396k

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

Neighborhood: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802045

* 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,530$1,870$1,700

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

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,199
Property Tax -$184
Property Insurance -$65
HOA -$131
Property Management Fees -$119
CASH FLOW
$2

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.

$325,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.07%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$25,084

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7004$1,7405$1,750
$1,750
RENT COMPS ANALYSIS
  • 1782 Tanner Circle Henderson, NV 3
    • 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 36 Blue Bench Lane Henderson, NV 1
    • 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1996
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 1743 Summerwood Circle Henderson, NV 2
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1995
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 1788 Lily Pond Circle Henderson, NV 4
    • 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1996
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.89
    •  
  • 1751 Lily Pond Circle Henderson, NV 5
    • 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1996
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Sanyasi Suvvari
1.702.335.2728
Marshall Stearns Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223120
Last Updated: 08/20/2020
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