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1836 Stablegate Avenue Henderson, NV 89012

2 Beds 2 Baths 1,311 sqft Built 2000

$359,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $273.84
  • 3 Days on Market
  • MLS # : 2269877
  • Updated Date : 02/13/2021 at 20:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,311 sqft
  • Baths : 2 full
Listing Agent

Jac Grace Realty

Listing Agent's Description

Lovely home in gated community in highly desirable Green Valley Ranch, located next to Paseo Verde Park and within walking distance of tennis courts, library, multi generational center, shopping, and more. Home is bright, light, and airy with intimate and private entry alcove. Vaulted ceilings, plantation shutters and ceiling fans thru-out. Original owner has kept this home in mint condition. Cozy den/office shares 2-way fireplace with living room. Beautiful and serene, fully landscaped backyard with built-in BBQ, fountain, and water fall; access backyard from sliding doors off living room and master bedroom. Covered patio (furniture is included) with no one behind. Community features swimming pool, spa, and BBQ area.

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
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,247
Property Tax -$181
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$109

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.

$359,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.42%

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$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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$15,522

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4903$1,6254$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 1836 Stablegate Avenue Henderson, NV 2
    • 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,311 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.14
    •  
  • 260 Redwing Village Court Henderson, NV 1
    • 2 beds 2 baths ∙ 1,282 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,282 Sqft ∙ Built 1997
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.13
    •  
  • 1742 Franklin Chase Terrace Henderson, NV 3
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 2000
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.15
    •  
  • 1840 Stablegate Henderson, NV 4
    • 2 beds 2 baths ∙ 1,460 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,460 Sqft ∙ Built 1999
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.13
    •  
  • 54 Durango Station Drive #0 Henderson, NV 5
    • 2 beds 2 baths ∙ 1,453 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,453 Sqft ∙ Built 1996
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.14
    •  
PROPERTY LISTING DETAILS
Jacque Olvera-deki
1.702.595.3354
Jac Grace Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269877
Last Updated: 02/13/2021
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