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1860 Stablegate Avenue Henderson, NV 89012

3 Beds 2 Baths 1,467 sqft Built 1998

$339,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $231.70
  • 3 Days on Market
  • MLS # : 2251013
  • Updated Date : 11/27/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,467 sqft
  • Baths : 2 full
Listing Agent

Robert Realty

Listing Agent's Description

LOCATION,LOCATION,LOCATION,Highly desirable Green Valley Ranch Master Planned community with many parks,jogging trails,tennis courts,library and minutes from the District,Gorgeous home,1 story open floorplan,bright,light & airy,vaulted ceilings,2 tone paint,excellent mint condition,beautiful ceramic tile flooring throughout,no carpeting,neutral colors,ceiling fans,blinds,spacious kitchen,w/island,nice cabinets,3rd bedroom with double doors,glass slider doors in the spacious primary bedroom opens to the backyard,nice private backyard w/patio,no neighbors in backyard,porch in front yard,all appliances including washer & dryer,Refrigerator not included,Water heater is only 2 years old,owner has maintained property with home warranty in place w/Fidelity Home Warranty buyer can choose to pay and transfer the policy,Grass lawn in front yard,flowers & rose bushes in backyard & side yard,Gated community w/Community large sparkling pool & Bar B Que area walking distance from property!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,254
Property Tax -$184
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$158

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.

$339,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.52%

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$20k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$45,697

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7704$1,7755$1,825
$1,825
RENT COMPS ANALYSIS
  • 1860 Stablegate Avenue Henderson, NV 3
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.21
    •  
  • 2057 Smoketree Village Circle Henderson, NV 1
    • 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 1997
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
  • 2004 Thunder Ridge Circle Henderson, NV 2
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1997
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.23
    •  
  • 276 Cattlebaron Terrace #n/a Henderson, NV 4
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 2000
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.21
    •  
  • 268 Spring Palms Street Henderson, NV 5
    • 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,467 Sqft ∙ Built 1999
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.24
    •  
PROPERTY LISTING DETAILS
Karen Saroukhanoff
1.702.795.7557
Robert Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251013
Last Updated: 11/27/2020
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