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2014 Silverton Drive Henderson, NV 89074

4 Beds 3 Baths 2,720 sqft Built 1991

$480,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $176.47
  • 8 Days on Market
  • MLS # : 2248494
  • Updated Date : 11/20/2020 at 18:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,720 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Realty Group

Listing Agent's Description

BEAUTIFUL HOUSE. COMPLETELY REMODELED. GRANITE COUNTERS IN KTCHEN AND BATHROOMS. CONTEMPORARY CERAMIC TILE THROUGHOUT THE FIRST FLOOR AND ELEGANT AND WATER RESISTANT FLOORS ON STAIRS AND THROUGHOUT SECOND FLOOR. EXTERIOR AND INTERIOR RECENTLY PAINTED. GREAT INGROUND HEATED SPA IN BACK YARD(TAX RECORD SHOWS IT AS POOL HOT TUB). VERY PRIVATE BACKYARD SINCE THERE ARE NO HOUSES BEHIND. YOU HAVE TO SEE IT TO APPRECIATE ITS BEAUTY. CLOSE TO PARKS, WALKING TRAILS, ZONED FOR GREAT SCHOOLS, MINUTES FROM GREEN VALLEY RANCH CASINO AND THE DISTRICT.

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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 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
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,771
Property Tax -$251
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$141

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.

$480,000

PROJECTED PRICE

$2,080

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$25,987

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,380

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,080
1$2,0802$2,1003$2,1504$2,3005$2,470
$2,470
RENT COMPS ANALYSIS
  • 2014 Silverton Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.76
    •  
  • 2054 Majestic Peak Drive Henderson, NV 2
    • 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1990
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 2069 Sapphire Valley Avenue Henderson, NV 3
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1991
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
  • 1914 Coralino Drive Henderson, NV 4
    • 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1993
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
  • 2021 Silverton Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1993
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.91
    •  
PROPERTY LISTING DETAILS
Elisa B Farje
1.702.980.6502
United Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248494
Last Updated: 11/20/2020
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