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2115 Del Aqua Avenue Henderson, NV 89002

4 Beds 2 Baths 1,824 sqft Built 2018

$378,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $207.24
  • 5 Days on Market
  • MLS # : 2258280
  • Updated Date : 01/02/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,824 sqft
  • Baths : 2 full
Listing Agent

Apex Realty Llc

Listing Agent's Description

1 story 4 bedroom home in Henderson! Large kitchen island with stainless steel kitchen appliances, espresso cabinets, gorgeous granite counters in kitchen/baths, washer/dryer, and tile throughout except for bedrooms. Paver stone driveways & walkways, BBQ gas stub, garage door opener, and soft water loop.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9911875

* 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 Dooley Elementary School Primary Regular 416 27 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

John Dooley Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 27
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
 

$340,200$415,800$378,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,395
Property Tax -$278
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$105

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.

$378,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,920

INVESTMENT

$105,920

Down Payment
$94,500
Rehab Estimate
$5,750
Closing Costs
$5,670

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,500
Loan Amount $283,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$41,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,582

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,6754$1,7255$1,960
$1,960
RENT COMPS ANALYSIS
  • 2115 Del Aqua Avenue Henderson, NV 5
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.07
    •  
  • 2413 Belt Buckley Drive #0 Henderson, NV 1
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2003
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
  • 2407 Belt Buckley Henderson, NV 2
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 2277 Red Alder Street Henderson, NV 3
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1999
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.87
    •  
  • 2232 Sky Island Drive Henderson, NV 4
    • 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 2017
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.89
    •  
PROPERTY LISTING DETAILS
Lesley M Chan
1.702.785.4488
Apex Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258280
Last Updated: 01/02/2021
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