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1843 Mountain Ranch Avenue 
Henderson, NV
89012
2 Beds 1 Baths 1,261 sqft
Built 2000
INVESTimate
$321,500
List Price
$90,948
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $254.96
- 5 Days on Market
- MLS # : 2223931
- Updated Date : 08/26/2020 at 02:00
CONSTRUCTION
- Beds : 2
- Floor Size : 1,261 sqft
- Baths : 1 full
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
WHOA NELLY SUN CITY STUNNER A CALIFORNIA EXODUS FAVORITE! Nice open floor plan with chef like kitchen that overlooks the entertainment room Take a stroll out back and create your own mini oasis with covered patio. The master can be your own relaxing getaway with spa like master bathroom. Large secondary room. These homes are becoming extinct in this price range. MASSIVE HOME SHORTAGE Dont delay click today!
SEE MORE
- 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: Sun City MacDonald Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City MacDonald Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$1,186 |
| Property Tax | -$147 | |
| Property Insurance | -$52 | |
| HOA | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$245
|
||
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.
$321,500
PROJECTED PRICE
$1,320
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.00% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,948
LOAN DETAILS
$1,186
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,375 |
| Loan Amount | $241,125 |
2.42
YEARS SAVED
$6,520
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,412
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
1843 Mountain Ranch Avenue Henderson, NV 1
- 2 beds 1 baths ∙ 1,261 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,261 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,320
- $1.05
-
1872 High Mesa Drive #n/a Henderson, NV 2
- 2 beds 1 baths ∙ 1,130 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,130 Sqft ∙ Built 2000
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,350
- $1.19
-
1817 Basalt Mesa Avenue Henderson, NV 3
- 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2000
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,495
- $1.08
-
1840 Mountain Ranch Avenue #none Henderson, NV 4
- 2 beds 1 baths ∙ 1,386 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,386 Sqft ∙ Built 2000
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,500
- $1.08
-
1810 Tiger Creek Avenue Henderson, NV 5
- 2 beds 2 baths ∙ 1,370 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,370 Sqft ∙ Built 2000
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,550
- $1.13
PROPERTY LISTING DETAILS
1.702.617.4637
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223931
Last Updated: 08/26/2020
