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1816 Country Meadows Drive Henderson, NV 89012

4 Beds 3 Baths 3,913 sqft Built 2000

$708,888

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $181.16
  • 2 Days on Market
  • MLS # : 2258731
  • Updated Date : 01/17/2021 at 00:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,913 sqft
  • Baths : 3 full
Listing Agent

Windermere Prestige Properties

Listing Agent's Description

Excited to offer this beautiful home with mountain views in the highly desirable gated community of Green Valley Ranch. This 2 story well maintained home offers a open floor plan, 3913 sq. ft., 4 bedrooms w one bedroom on the 1st floor, large Primary bedroom, 3.5 bath, a formal dining room, loft creates a second living area, a tranquil private fully fenced in side/backyard with inground pool /spa. Pet friendly. Kitchen appliances 2016. 2nd floor bathroom remodel 2013. Great for entertaining. High end Tesla Solar technology, 3 car garage on a corner lot with mature landscaping. This home is located in the heart of Green Valley in close proximity to shopping, freeways, restaurants , entertainment and the airport.

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: 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
 

$637,999$779,777$708,888

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,462
Property Tax -$433
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
$63

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.

$708,888

PROJECTED PRICE

$3,180

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,605

INVESTMENT

$193,605

Down Payment
$177,222
Rehab Estimate
$5,750
Closing Costs
$10,633

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,462

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $177,222
Loan Amount $531,666
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$52,908

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,248

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9003$3,0954$3,1805$3,200
$3,200
RENT COMPS ANALYSIS
  • 1816 Country Meadows Drive Henderson, NV 4
    • 4 beds 4 baths ∙ 3,913 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,913 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $0.81
    •  
  • 399 Suzanne Peak Court Henderson, NV 1
    • 5 beds 3 baths ∙ 3,728 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,728 Sqft ∙ Built 2000
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 332 Glistening Cloud Drive Henderson, NV 2
    • 5 beds 4 baths ∙ 3,602 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,602 Sqft ∙ Built 2000
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.81
    •  
  • 1827 Country Meadows Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 3,602 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,602 Sqft ∙ Built 1999
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $0.86
    •  
  • 2061 Jupiter Hills Lane #n/a Henderson, NV 5
    • 5 beds 3 baths ∙ 3,571 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,571 Sqft ∙ Built 1997
    property image
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.90
    •  
PROPERTY LISTING DETAILS
Ramona A Preston-diponzio
1.585.729.4595
Windermere Prestige Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258731
Last Updated: 01/17/2021
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