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2022 Bobtail Circle Henderson, NV 89012

4 Beds 3 Baths 2,928 sqft Built 1996

$560,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $191.26
  • 3 Days on Market
  • MLS # : 2251934
  • Updated Date : 12/05/2020 at 07:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,928 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

You will fall in love with this Green Valley Ranch home situated on a premium lot in Horizons. Inviting curb appeal enhanced by a covered front patio, updated exterior paint, and manicured landscapes. Popular floor plan provides an open concept with volume ceilings. Expansive living area set off the kitchen creates a perfect space for relaxing or entertaining with wet bar and French door leading to the pool. This home features numerous upgrades such as granite counters, quality cabinetry, wood floors, stone pattern tile, plantation shutters, and stylish hardware. Additional extras include new high efficiency HVAC with built in Aprilaire filter, new water treatment system, insulated garage door, overhead storage rack, Ring doorbell, and smart alarm with 4 cameras, door sensors, glass break, and motion sensor. Peaceful elevated yard promotes a sense of privacy with no side neighbor. The outdoor living space is complemented with sparkling pool and covered patio with two fans.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,066
Property Tax -$345
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
$156

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.

$560,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.49%

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$62,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,796

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,5153$2,7704$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2022 Bobtail Circle Henderson, NV 3
    • 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.95
    •  
  • 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
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
  • 1852 Desert Forest Way Henderson, NV 2
    • 5 beds 3 baths ∙ 2,614 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,614 Sqft ∙ Built 1997
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,515
    • $0.96
    •  
  • 2035 Bobtail Circle Henderson, NV 4
    • 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,928 Sqft ∙ Built 1996
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.96
    •  
  • 232 Chestnut Ridge Circle Henderson, NV 5
    • 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 1995
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Leslie S Carver
1.702.436.3615
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251934
Last Updated: 12/05/2020
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