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1809 Cypress Mesa Drive Henderson, NV 89012

2 Beds 1 Baths 1,580 sqft Built 2000

$353,500

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $223.73
  • 3 Days on Market
  • MLS # : 2249554
  • Updated Date : 11/20/2020 at 08:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,580 sqft
  • Baths : 1 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

VIEWS!! VIEWS AND MORE VIEWS! This age-restricted, Sun City Beauty is nestled in the foothills of the mountains with unobstructed views of "City View Trail". This hiking path offers city and mountain beauty and is walking distance from your doorstep. This "Hilton Head" model has been freshly repainted, cleaned and ready for move-in. Custom mouldings throughout home give this home the extra detail every homeowner desires. Kitchen boasts stainless steel refrigerator, microwave and range. Washer and Dryer remain with property and located in a separate room with cabinetry in garage for surplus storage. Open living area with additional nook, great room, dining area, 2 bedrooms plus a den. Enjoy the mountain views from the master bedroom bay window. Ceiling fans, window coverings and low maintenance desert landscaping already in place. Watch the sun rise or set in this serene, fully-fenced yard with an extended covered patio for those sunny afternoons.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sun City MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Sun City MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10011875

* 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
 

$318,150$388,850$353,500

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,304
Property Tax -$219
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$90

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.

$353,500

PROJECTED PRICE

$1,610

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,428

INVESTMENT

$99,428

Down Payment
$88,375
Rehab Estimate
$5,750
Closing Costs
$5,303

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,304

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,375
Loan Amount $265,125
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$20,236

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
  • $1.02

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5953$1,6104$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 1809 Cypress Mesa Drive Henderson, NV 3
    • 2 beds 1 baths ∙ 1,580 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,580 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.02
    •  
  • 1817 Basalt Mesa Avenue Henderson, NV 1
    • 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2000
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
  • 1801 Eagle Mesa Avenue Henderson, NV 2
    • 2 beds 1 baths ∙ 1,590 Sqft ∙ Built 2001 2 beds 1 baths ∙ 1,590 Sqft ∙ Built 2001
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 1825 Tiger Creek Avenue Henderson, NV 4
    • 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 1800 Towering Mesa Avenue Henderson, NV 5
    • 2 beds 3 baths ∙ 1,580 Sqft ∙ Built 2000 2 beds 3 baths ∙ 1,580 Sqft ∙ Built 2000
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.20
    •  
PROPERTY LISTING DETAILS
Stephanie M Eisenhart
1.702.460.1750
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249554
Last Updated: 11/20/2020
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