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2002 Mesquite Wood Court #C Henderson, NV 89012

4 Beds 5 Baths 3,503 sqft Built 1996

$680,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $194.12
  • 5 Days on Market
  • MLS # : 2257298
  • Updated Date : 12/23/2020 at 22:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,503 sqft
  • Baths : 4 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Immaculate TURN KEY 4 bedroom home located in desirable Green Valley Ranch gated community! Walk inside to a spacious front living room with high ceilings & open to the formal dining room. 1 downstairs bedroom with en suite. Cozy family room features ceiling fan/light, gas fireplace with mantle & is open to the beautiful kitchen that boasts breakfast counter, granite countertops, island, custom cabinets, built in wine rack, & walk in pantry! Exterior door from kitchen leads you to the outstanding backyard featuring large covered patio with ceiling fan & recessed light, built in BBQ, & inground heated pool with waterfall feature! Upstairs is 3 bedrooms all featuring ceiling fan/lights, a large den with double doors & stunning large windows with views of the downstairs. Lavish master bedroom boasts large walk in closet & private balcony with spiral staircase! Master bathroom features his & hers sinks, freestanding tub, & large walk in shower! This home won't last long, view today!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,509
Property Tax -$369
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
-$22

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.

$680,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.45%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$53,719

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,074

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9503$3,0704$3,0955$3,500
$3,500
RENT COMPS ANALYSIS
  • 2002 Mesquite Wood Court #c Henderson, NV 3
    • 4 beds 5 baths ∙ 3,503 Sqft ∙ Built 1996 4 beds 5 baths ∙ 3,503 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.88
    •  
  • 332 Glistening Cloud Drive Henderson, NV 1
    • 5 beds 4 baths ∙ 3,602 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,602 Sqft ∙ Built 2000
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.81
    •  
  • 292 Antelope Village Circle Henderson, NV 2
    • 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1998
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.84
    •  
  • 1827 Country Meadows Drive Henderson, NV 4
    • 4 beds 4 baths ∙ 3,602 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,602 Sqft ∙ Built 1999
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $0.86
    •  
  • 2021 Trailside Village Avenue Henderson, NV 5
    • 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1996
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Aaron Taylor
1.702.310.6683
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257298
Last Updated: 12/23/2020
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