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187 Kachina Drive Henderson, NV 89074

3 Beds 2 Baths 1,645 sqft Built 1990

$369,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

$103,774

Investment Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $224.86
  • 3 Days on Market
  • MLS # : 2250610
  • Updated Date : 11/27/2020 at 15:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

SOUGHT AFTER ONE STORY ON A CUL-DE-SAC IN GREEN VALLEY WITH A POOL! NEXT DOOR TO HILLSBORO CUSTOM HOME COMMUNITY-NEW EXTERIOR PAINT-GREAT OPEN FLOOR PLAN WITH VAULTED CEILING IN THE LIV. RM AND FAMILY RM.-UPDATED KITCHEN WITH GRANITE COUNTERS, S.S. APPLIANCES AND SINGLE BASIN S.S. SINK-UPGRADED FLOORING THRU-OUT-COZY FIREPLACE IN THE FAMILY ROOM-PRIVATE BACKYARD WITH NO REAR NEIGHBORS-SPARKLING POOL, COVERED PATIO WITH PARTY LIGHTS-GARDEN AREA-AND NEW CANVASS AWNINGS ON THE WINDOWS-STUCCO WALL JUST RE-PAINTED-

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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 South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
Selma F. Bartlett Elementary School Primary Regular 682 35 10
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Selma F. Bartlett Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 35
10
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$332,910$406,890$369,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,365
Property Tax -$208
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$201

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.

$369,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment		 $92,475
Rehab Estimate		 $5,750
Closing Costs		 $5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT

  • $0.94

    LIST RENT PER SQFT

  • $1,550

    COMP ESTIMATED VALUE

  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,5754$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 187 Kachina Drive Henderson, NV 2
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 204 Odyssey Henderson, NV 1
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1995
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 1754 Sunflower Henderson, NV 3
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1990
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.96
    •  
  • 162 Mirador Street Henderson, NV 4
    • 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 1991
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 118 Broken Rock Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,761 Sqft ∙ Built 1995
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Anthony Denuccio
1.702.592.4663
Bhhs Nevada Properties
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250610
Last Updated: 11/27/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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