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210 Kirk Avenue Henderson, NV 89015

3 Beds 1 Baths 1,132 sqft Built 1979

INVESTimate

$245,000

List Price

$1,190

$1,071 - $1,309

Rent Est.

$272,612  ( +11.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $216.43
  • 3 Days on Market
  • MLS # : 2223949
  • Updated Date : 08/24/2020 at 19:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,132 sqft
  • Baths : 1 full
Listing Agent

Exp Realty

Listing Agent's Description

NICE SINGLE STORY, 3 BEDROOM, 2 BATH, 2 CAR GARAGE w/ NO HOA! UPDATED KITCHEN, ALL APPLIANCES INCL. BIG BACKYARD, ENDLESS OPPORTUNITIES, NEW BACK PRIVACY WALL. NEW ENERGY SAVING AIRCONDITIONER, WATER EFFICENT TOLIETS, NEWER ROOF. GREAT PROPERTY, PRICED TO SELL! DON'T MISS THIS ONE!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
8
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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$904
Property Tax -$103
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
$15

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.

$245,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.27%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$19,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,231

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,2003$1,2954$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 210 Kirk Avenue Henderson, NV 1
    • 3 beds 1 baths ∙ 1,132 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,132 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.05
    •  
  • 218 Mojave Ln Henderson, NV 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1983
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.96
    •  
  • 214 Valley Forge Avenue Henderson, NV 3
    • 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1970
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.12
    •  
  • 214 Kirk Avenue Henderson, NV 4
    • 3 beds 1 baths ∙ 1,132 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,132 Sqft ∙ Built 1979
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.15
    •  
  • 228 Fullerton Avenue Henderson, NV 5
    • 4 beds 1 baths ∙ 1,200 Sqft ∙ Built 1979 4 beds 1 baths ∙ 1,200 Sqft ∙ Built 1979
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
PROPERTY LISTING DETAILS
Michael J Vece
1.702.704.0914
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223949
Last Updated: 08/24/2020
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