Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1841 April Mist Street Henderson, NV 89002

4 Beds 3 Baths 2,168 sqft Built 1994

$415,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $191.42
  • 2 Days on Market
  • MLS # : 2246232
  • Updated Date : 11/07/2020 at 08:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,168 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

MUST SEE!! 4 bedroom, 2.5 bath, 3 car garage, heated pool/spa, built in BBQ with granite countertop, tile throughout main floor, granite countertops in kitchen and all bathrooms, sitting area off master bedroom with a closet, oversized storage closet in second bathroom, and RV parking with power hookup!! Within walking distance of the River Mountain Trailhead and the River Mountain Park. Must see it!

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: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9911875

* 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 Dooley Elementary School Primary Regular 416 27 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

John Dooley Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 27
8
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

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

$373,500$456,500$415,000

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 -$1,531
Property Tax -$234
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$203

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.

$415,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.8%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,839

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
  • $0.81

    LIST RENT PER SQFT
  • $1,724

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,7503$1,7504$1,7505$1,945
$1,945
RENT COMPS ANALYSIS
  • 1841 April Mist Street Henderson, NV 4
    • 5 beds 3 baths ∙ 2,168 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,168 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 1124 Sport Of Kings Avenue Henderson, NV 1
    • 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 1996
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.84
    •  
  • 659 Pinetop Lake Street Henderson, NV 2
    • 5 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 1005 Roaring River Avenue #n/a Henderson, NV 3
    • 5 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,260 Sqft ∙ Built 2005
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 581 Broomspun Street Henderson, NV 5
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.80
    •  
PROPERTY LISTING DETAILS
Elizabeth A Prisbrey
1.702.338.6478
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246232
Last Updated: 11/07/2020
BESbswy