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208 Chiquis Court Henderson, NV 89074

4 Beds 4 Baths 2,259 sqft Built 1995

INVESTimate

$419,999

List Price

$2,050

$1,845 - $2,255

Rent Est.

$458,849  ( +9.25%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $185.92
  • 10 Days on Market
  • MLS # : 2222809
  • Updated Date : 08/18/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,259 sqft
  • Baths : 3 full , 1 half
Listing Agent

Guardian Realty Investments &

Listing Agent's Description

Beautiful home in Green Valley with vaulted ceilings, tile floors through-out, plush carpeted stairs and bedrooms, and your very own POOL just in time for summer! A high wall adds privacy in your yard with a covered patio. Not 1, but TWO, full-sized suites with their full bath & walk-in closets! New master bath shower/vanity. Spacious secondary rooms. Large lot at the end of the cul-de-sac.

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 North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
James Gibson Elementary School Primary Regular 490 28 8
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

James Gibson Elementary School

  • Education Level: Primary
  • # of students: 490
  • # of teachers: 28
8
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$377,999$461,999$419,999

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,550
Property Tax -$250
Property Insurance -$71
HOA -$22
Property Management Fees -$119
CASH FLOW
$38

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.

$419,999

PROJECTED PRICE

$2,050

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.25%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $314,999
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$37,099

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,033

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9953$2,0004$2,0505$2,150
$2,150
RENT COMPS ANALYSIS
  • 208 Chiquis Court Henderson, NV 4
    • 4 beds 4 baths ∙ 2,259 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,259 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 1808 Adonis Henderson, NV 1
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1990
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 198 Kachina Drive Henderson, NV 2
    • 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 1990
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
  • 236 Honeywood Street Henderson, NV 3
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1992
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 216 Chiquis Court Henderson, NV 5
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1995
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ivanno Montti
1.702.606.5253
Guardian Realty Investments &
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222809
Last Updated: 08/18/2020
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