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191 Rondeau Avenue Henderson, NV 89011

3 Beds 3 Baths 2,030 sqft Built 2019

$399,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $197.00
  • 6 Days on Market
  • MLS # : 2260550
  • Updated Date : 01/20/2021 at 22:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,030 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

**Prestige Home in Cadence ** Corner Lot with Views! 1-Year New! $78000+Upgrades Like A Model Home! Incredible Details! Welcomed by a Large Pavered Courtyard & Stone Inlaid Entry. STUNNING Kitchen with Granite Counters, 42’ Cabinets w/molding, Pull-out Shelves, Pendant Lighting, Gourmet Stainless Appliances, Back-splash, Cabinet lighting & More! Interior Features TWO FABULOUS Huge Glass Sliders Bring Ample Natural Light; Luxury Vinyl Flooring & 2rd Floor Carpeting, Stereo Sound System; Recessed Lights Fixtures, Ceiling Fans/Lights, Elegant 2 Layer Window Curtains, 8’ Interior Doors Throughout. Wrought Iron Railing, Gorgeous Master Suite with Unique Sitting Room, Overlooking the Park, Mountain & City Skyline; Dual Sink & Dual Walk in Closets, Rain Shower Bathroom w/ Tiles from Floor to Ceiling. Beautiful Backyard Is Complete with Pavers & Rocks along Side Yard. Covered Patio w/Fan/Lights. Water Softener, Tankless Water Heater, Epoxy Garage Floor & Holiday Lights Outlet. And Much More!

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: Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k600k

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

Neighborhood: Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801929

* 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
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,389
Property Tax -$276
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$139

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.

$399,900

PROJECTED PRICE

$1,990

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.2%
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$0.0$5.0k$10k$15k$20k$25k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$39,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,994

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9503$1,9904$1,9955$2,200
$2,200
RENT COMPS ANALYSIS
  • 191 Rondeau Avenue Henderson, NV 3
    • 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.98
    •  
  • 392 Espressivo Street Henderson, NV 1
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2018
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 384 Ambitious Henderson, NV 2
    • 3 beds 3 baths ∙ 2,066 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,066 Sqft ∙ Built 2017
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 829 Water Street Henderson, NV 4
    • 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,030 Sqft ∙ Built 2018
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 204 Rondeau Avenue Henderson, NV 5
    • 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 2019
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
PROPERTY LISTING DETAILS
Gregory S Lindsey
1.702.286.2377
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260550
Last Updated: 01/20/2021
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