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2105 Eaglepath Circle Henderson, NV 89074

5 Beds 4 Baths 3,245 sqft Built 1996

$575,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $177.20
  • 7 Days on Market
  • MLS # : 2250163
  • Updated Date : 11/23/2020 at 12:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,245 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

Great location! Gated Green Valley home next to Legacy Golf Course. Move in ready, Furnitures are negotiable. High end finishes throughout with marble and Brazilian hardwood flooring, travertine bathrooms, custom refinished cabinetry, beautiful wrought iron staircase, two huge master suites, and additional three bedrooms. Formal family room, open kitchen. Resort style community pool and spa are steps away, community has a park with jogging trails. Minutes away to 215 FWY, Green Valley Casino, Whole Food, Smith Supermarket and "The District", city library. Sought after five star elementary school Bartlett Selma is right across street of of the community.

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 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
Green Valley High School High Regular 3,092 122 9

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

Green Valley High School

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

$517,500$632,500$575,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$2,122
Property Tax -$322
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
-$3

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.

$575,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.46%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$46,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,912

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6853$2,7954$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2105 Eaglepath Circle Henderson, NV 1
    • 5 beds 4 baths ∙ 3,245 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,245 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.82
    •  
  • 4 Ranger Henderson, NV 2
    • 6 beds 3 baths ∙ 3,415 Sqft ∙ Built 1992 6 beds 3 baths ∙ 3,415 Sqft ∙ Built 1992
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,685
    • $0.79
    •  
  • 72 Myrtle Beach Drive Henderson, NV 3
    • 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 1994
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.87
    •  
  • 167 Wentworth Drive #0 Henderson, NV 4
    • 4 beds 2 baths ∙ 3,169 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,169 Sqft ∙ Built 1995
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 50 Attebury Henderson, NV 5
    • 4 beds 3 baths ∙ 3,258 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,258 Sqft ∙ Built 1996
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
Wing Glezen
1.702.588.0818
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250163
Last Updated: 11/23/2020
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