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1824 Eagle Mesa Avenue Henderson, NV 89012

3 Beds 2 Baths 1,580 sqft Built 2001

$345,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $218.35
  • 7 Days on Market
  • MLS # : 2244216
  • Updated Date : 11/07/2020 at 08:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,580 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

LOCATED IN DESIRABLE HENDERSON LOCATION*SINGLE STORY*3 BED 2 BATH*2 CAR GARAGE*NEARLY 1,600 SQ FT*OPEN ENTRY W/ LARGE LIVING SPACE*BRIGHT & SPACIOUS KITCHEN W/ ISLAND, SOLID COUNTER TOPS, PLENTY OF CABINET SPACE AND OPENS UP TO WONDERFUL DINING AREA*LARGE MASTER BEDROOM W/ DOUBLE SINKS, LARGE CLOSET & SHOWER ONLY*GREAT SIZE GUEST BATHROOMS WITH JACK N JILL BATH W/ TUB/SHOWER COMBO*ENJOY THE LARGE BACKYARD WHICH IS GREAT FOR ENTERTAINING*

SEE MORE

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,273
Property Tax -$213
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
$68

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.

$345,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.50%

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$20k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$35,468

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,730

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7303$1,7754$1,7955$1,875
$1,875
RENT COMPS ANALYSIS
  • 1824 Eagle Mesa Avenue Henderson, NV 2
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.09
    •  
  • 533 Carmel Mesa Drive #533 Henderson, NV 1
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2000
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.08
    •  
  • 2032 Smoketree Village Circle Henderson, NV 3
    • 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,620 Sqft ∙ Built 1996
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.10
    •  
  • 1941 Thunder Ridge Circle Henderson, NV 4
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1998
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.05
    •  
  • 2046 Hobbyhorse Avenue Henderson, NV 5
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1996
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.15
    •  
PROPERTY LISTING DETAILS
Michelle Bush
1.702.354.3611
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244216
Last Updated: 11/07/2020
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