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1824 Nuevo Road Henderson, NV 89014

4 Beds 1 Baths 1,913 sqft Built 1981

$390,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $203.87
  • 4 Days on Market
  • MLS # : 2269675
  • Updated Date : 02/13/2021 at 18:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,913 sqft
  • Baths : 1 full
Listing Agent

Reiss Properties

Listing Agent's Description

BEAUTIFUL ONE STORY 4 BEDROOM 2 BATH HOME IN GREEN VALLEY PARK**4TH BEDROOM HAS GLASS PANE DOORS & CLOSET WITH SHELVING-(COULD BE REALLY NICE OFFICE OR DEN)**HARDWOOD & CUSTOM CERAMIC TILE & TRAVERTINE FLOORING**3 BEDROOMS HAVE LUSH CUSTOM CARPET**OPEN TO FAMILY ROOM KITCHEN HAS GRANITE COUNTERS, HUGE WALK IN PANTRY, PAINTED CABINETS & GRANITE COMPOSITE SINK TO MATCH**SEPARATE LIVING, DINING & FAMILY ROOMS**TEXTURED WALLS, CEILING FANS, BRICK FIREPLACE, WHITE FAUX WOOD BLINDS**HALL BATH HAS MAPLE VANITY WITH DUAL SINKS & TRAVERTINE BACK SPLASH & FLOOR WITH CUSTOM TILE COUNTERS & SHOWER**PRIMARY HAS SEPARATE MAPLE VANITIES WITH GORGEOUS CULTURED MARBLE & BIG CUSTOM TILE SHOWER STALL & SLIDER TO BACK YARD**LARGE PRIMARY ROOM WITH WALK IN CLOSET**BIG PATIO IN BACK & EASY CARE YARD**SEPARATE LAUNDRY ROOM WITH LOTS OF STORAGE***NO HOA!!***MUST SEE THIS VERY WARM QUAINT HOME**

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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 North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
James Gibson Elementary School Primary Regular 490 28 8
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

James Gibson Elementary School

  • Education Level: Primary
  • # of students: 490
  • # of teachers: 28
8
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,355
Property Tax -$163
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$49

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.

$390,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$30,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7503$1,8004$1,8455$1,950
$1,950
RENT COMPS ANALYSIS
  • 1824 Nuevo Road Henderson, NV 2
    • 4 beds 1 baths ∙ 1,913 Sqft ∙ Built 1981 4 beds 1 baths ∙ 1,913 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 1712 La Cruz Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 1989
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 343 Nuevo Court Henderson, NV 3
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 1985
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
  • 262 Jovita Court Henderson, NV 4
    • 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,088 Sqft ∙ Built 1990
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.88
    •  
  • 1916 Guinn Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1989
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Calia C Mynuk
1.702595=9151
Reiss Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269675
Last Updated: 02/13/2021
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