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2010 Bobtail Circle Henderson, NV 89012

5 Beds 3 Baths 2,928 sqft Built 1997

$724,997

List Price

$2,490

$2.2K - $2.7K

Rent Est.

$197,874

Investment Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $247.61
  • 4 Days on Market
  • MLS # : 2249258
  • Updated Date : 11/21/2020 at 12:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,928 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

FULLY FURNISHED, DESIGNER HOME IN THE HEART OF GREEN VALLEY. LOCATION, LOCATION, LOCATION! ONE STORY HOME, NEARLY 3000 SQ FT, 5 BED, 3 BATHS, 3 GARAGES, AND A POOL. WIDE OPEN CONCEPT WITH 14 FT CATHREDAL STYLE CIELINGS, WET BAR, AND MODEL HOME FINISHES. HIGH END APPLIANCE PACKAGE, CUSTOM CABINETS, WHITE QUARTZ, WITH A MASSIVE ISLAND IN A STUNNING, CONTEMPORARY KITCHEN. EXTENSIVE REMODEL RECENTLY COMPLETED ON THE ENTIRE HOME. DRIVE UP CURB APPEAL WITH MANICURED, DESERT LANDSCAPE, CUSTOM GATE, AND A COZY COURT YARD BEFORE YOU ENTER. NEW AC UNITS, WATER SOFTNER, GARAGE EPOXY FLOORS, AND CUSTOM CABINETS IN THE GARAGE. ONE OF A KIND SITUATED WITHIN WALKING DISTANCE TO COMMUNITY PARKS, WHOLE FOODS, SHOPPING & DINING AT THE DISTRICT, AND THE NEW SILVER KNIGHTS HOCKEY ARENA. ZONED FOR ALL THE BEST SCHOOLS IN LAS VEGAS INCLUDING THE SOUGHT AFTER VANDERBURG ELEMENTARY! BRING YOUR FUSSIEST BUYER, THIS ONE WILL NOT LAST.

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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
 

FINANCIALS

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$652,497$797,497$724,997

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,675
Property Tax -$349
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$737

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.

$724,997

PROJECTED PRICE

$2,490

PROJECTED RENT

0.34%

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

PROJECTED ANNUAL CASH FLOW

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

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$197,874

INVESTMENT

$197,874

Down Payment		 $181,249
Rehab Estimate		 $5,750
Closing Costs		 $10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,249
Loan Amount $543,748
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT

  • $0.85

    LIST RENT PER SQFT

  • $2,686

    COMP ESTIMATED VALUE

  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4703$2,4904$2,5155$2,800
$2,800
RENT COMPS ANALYSIS
  • 2010 Bobtail Circle Henderson, NV 3
    • 5 beds 3 baths ∙ 2,928 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,928 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.85
    •  
  • 1789 Antelope Valley Avenue Henderson, NV 1
    • 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,735 Sqft ∙ Built 1997
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
  • 2021 Silverton Drive Henderson, NV 2
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1993
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.91
    •  
  • 1852 Desert Forest Way Henderson, NV 4
    • 5 beds 3 baths ∙ 2,614 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,614 Sqft ∙ Built 1997
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,515
    • $0.96
    •  
  • 2035 Bobtail Circle Henderson, NV 5
    • 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 1996
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Robert Roveta
1.702.596.8382
Simply Vegas
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249258
Last Updated: 11/21/2020

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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