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1827 Haren Drive Henderson, NV 89011

3 Beds 2 Baths 1,225 sqft Built 2004

INVESTimate

$259,990

List Price

$1,250

$1,125 - $1,375

Rent Est.

$289,785  ( +11.46%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $212.24
  • 1 Days on Market
  • MLS # : 2224960
  • Updated Date : 08/26/2020 at 02:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,225 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

RARE FIND SINGLE STORY WITH RV PARKING*** NO HOA *** CORNER LOT *** BUILT IN 2004 *** LARGE OVER 300 SQ.FT. GARAGE *** MOVE IN READY WITH NEW MODERN WOOD LOOK TILE FLOORS, NEW HIGH TIER CARPET, NEW PAINT IN AND OUT, NEW QUARTZ COUNTERTOPS, ESPRESSO STAINED KITCHEN AND BATHROOM CABINETS, UPGRADED HARDWARE AND LIGHTING *** CEILING FANS *** COVERED PATIO *** LARGE POOL SIZE YARD WITH SEPARATE SIDE ENTRANCE FOR RV\TOYS *** WELCOME HOME!

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: Pittman

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $72k340k

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

Neighborhood: Pittman

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7911825

* 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
Edna F. Hinman Elementary School Primary Regular 647 41 5
Lyal Burkholder Middle School Middle Regular 747 34 NA
Basic High School High Regular 2,367 100 3

Edna F. Hinman Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 41
5
GreatSchools Rating

Lyal Burkholder Middle School

  • Education Level: Middle
  • # of students: 747
  • # of teachers: 34
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$233,991$285,989$259,990

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 $1,250
EXPENSES Loan Payment -$959
Property Tax -$159
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
-$38

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$259,990

PROJECTED PRICE

$1,250

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.46%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,647

INVESTMENT

$74,647

Down Payment
$64,998
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,998
Loan Amount $194,993
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$15,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,320

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,3954$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 1827 Haren Drive Henderson, NV 1
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 456 Hunter Drive #4 Henderson, NV 2
    • 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,144 Sqft ∙ Built 2007
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.14
    •  
  • 844 Angelus Oaks Drive Henderson, NV 3
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1998
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.06
    •  
  • 868 Adobe Flat Drive Henderson, NV 4
    • 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,382 Sqft ∙ Built 1999
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.01
    •  
  • 551 Liverpool Henderson, NV 5
    • 4 beds 2 baths ∙ 1,415 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,415 Sqft ∙ Built 1988
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
PROPERTY LISTING DETAILS
Iryna Sysenko
1.702.556.5540
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224960
Last Updated: 08/26/2020
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