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19 Crown Valley Drive Henderson, NV 89074

6 Beds 3 Baths 3,424 sqft Built 1992

$625,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $182.54
  • 8 Days on Market
  • MLS # : 2270156
  • Updated Date : 02/15/2021 at 22:34
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,424 sqft
  • Baths : 3 full
Listing Agent

Propertymax Group Llc

Listing Agent's Description

Situated in the heart of Green Valley! Newly remodeled house with new laminate floor from stairs to entire 2nd floor. No carpet at all. All 4 bathrooms are remodeled :) High ceilings and crown molding in kitchen, bedroom downstairs & family room. One bedroom and a bathroom downstairs. New ceiling light in primary bedroom and patio. Beautiful backyard with a private pool and patios, plus a fish/garden pond. House is move in ready and easy to show!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Coronado High School High Regular 3,240 124 10

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

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,171
Property Tax -$320
Property Insurance -$93
Property Management Fees -$119
CASH FLOW
-$24

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.

$625,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$39,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,816

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,680
1$2,6802$2,6853$2,7004$2,7955$2,795
$2,795
RENT COMPS ANALYSIS
  • 19 Crown Valley Drive Henderson, NV 1
    • 6 beds 3 baths ∙ 3,424 Sqft ∙ Built 1992 6 beds 3 baths ∙ 3,424 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.78
    •  
  • 4 Ranger Henderson, NV 2
    • 6 beds 3 baths ∙ 3,415 Sqft ∙ Built 1992 6 beds 3 baths ∙ 3,415 Sqft ∙ Built 1992
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,685
    • $0.79
    •  
  • 2457 Antler Point Drive #0 Henderson, NV 3
    • 5 beds 2 baths ∙ 3,225 Sqft ∙ Built 1993 5 beds 2 baths ∙ 3,225 Sqft ∙ Built 1993
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.84
    •  
  • 2447 Ping Drive Henderson, NV 4
    • 5 beds 4 baths ∙ 3,547 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,547 Sqft ∙ Built 2000
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.79
    •  
  • 72 Myrtle Beach Drive Henderson, NV 5
    • 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 1994
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.87
    •  
PROPERTY LISTING DETAILS
Sze H Chang
1.702.561.7403
Propertymax Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270156
Last Updated: 02/15/2021
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