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209 Belmont Canyon Place Henderson, NV 89015

3 Beds 3 Baths 1,435 sqft Built 2013

$274,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $191.57
  • 2 Days on Market
  • MLS # : 2263895
  • Updated Date : 01/24/2021 at 03:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,435 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

Quaint gated neighborhood w/community pool less than ten minutes from the legendary Water Street District in the heart of Henderson! This home offers one of the larger corner lots in the community and is ready for you to enjoy! Plenty of room to both play and relax in the privacy of your own backyard. Open floorplan between the family, dining and kitchen allows ample room for entertaining. Home features designer grey wide plank tile, granite counters, stainless single bowl sink, black appliances, breakfast bar and nook. Upstairs offers 3 bedrooms, 2 and a half bathrooms, a loft and the convenience of a laundry space upstairs. Hurry, this home wont last, this property is turnkey and ready for you to make it yours!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Valley View

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $74k340k

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

Neighborhood: Valley View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8291825

* 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
Robert L. Taylor Elementary School Primary Regular 530 34 2
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Robert L. Taylor Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 34
2
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$955
Property Tax -$194
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$27

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$274,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$17,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,342

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,3504$1,3605$1,395
$1,395
RENT COMPS ANALYSIS
  • 209 Belmont Canyon Place Henderson, NV 3
    • 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 169 Belmont Canyon Place Henderson, NV 1
    • 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 2013
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 249 Belmont Canyon Place #0 Henderson, NV 2
    • 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 2013
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 221 Caraway Bluffs Place Henderson, NV 4
    • 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 2013
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.92
    •  
  • 217 Belmont Canyon Place #0 Henderson, NV 5
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2013
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
PROPERTY LISTING DETAILS
Deanna J Johnson
1.702.219.1317
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263895
Last Updated: 01/24/2021
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