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212 Country Club Drive Henderson, NV 89015

4 Beds 2 Baths 3,019 sqft Built 1965

$589,500

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1965
  • Price/Sqft : $195.26
  • 6 Days on Market
  • MLS # : 2243545
  • Updated Date : 11/02/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,019 sqft
  • Baths : 2 full
Listing Agent

Life Realty District

Listing Agent's Description

BEAUTIFUL CUSTOM HOME IN THE HIGHLY DESIRABLE HENDERSON NEIGHBORHOOD OF BLACK MOUNTAIN GOLF & COUNTRY CLUB. NO HOA! HOME IS LOCATED ON .43 ACRES WITH A CIRCULAR DRIVE WAY AND OVERSIZED GARAGE, WITH PLENTY OF ROOM FOR AN RV. THE INTERIOR BOAST 3 OVER SIZED BEDROOM WITH THEIR OWN PRIVATE BATHS. KITCHEN HAS HICKORY CABINETS W/GRANITE COUNTERTOPS AND STAINLESS STEEL APPLIANCES, MASTER SUITE WITH PRIVATE BALCONY W/CITY VIEWS. MOVE-IN READY!

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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: Black Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k340k

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

Neighborhood: Black Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451825

* 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
Ulis Newton Elementary School Primary Regular 611 35 7
Lyal Burkholder Middle School Middle Regular 747 34 NA
Foothill High School High Regular 2,883 109 7

Ulis Newton Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 35
7
GreatSchools Rating

Lyal Burkholder Middle School

  • Education Level: Middle
  • # of students: 747
  • # of teachers: 34
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$530,550$648,450$589,500

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$2,175
Property Tax -$196
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$425

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.

$589,500

PROJECTED PRICE

$2,150

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,968

INVESTMENT

$161,968

Down Payment
$147,375
Rehab Estimate
$5,750
Closing Costs
$8,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,175

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,375
Loan Amount $442,125
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$13,081

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,234

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,375
$2,375
RENT COMPS ANALYSIS
  • 212 Country Club Drive Henderson, NV 1
    • 4 beds 2 baths ∙ 3,019 Sqft ∙ Built 1965 4 beds 2 baths ∙ 3,019 Sqft ∙ Built 1965
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.71
    •  
  • 624 Robin Lane Henderson, NV 2
    • 3 beds 3 baths ∙ 3,207 Sqft ∙ Built 1970 3 beds 3 baths ∙ 3,207 Sqft ∙ Built 1970
    property image
    LEASED 05/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.74
    •  
PROPERTY LISTING DETAILS
David M Fernandes
1.702.612.1470
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243545
Last Updated: 11/02/2020
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