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2128 Rockrose Circle Henderson, NV 89074

3 Beds 3 Baths 1,949 sqft Built 1991

$398,800

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $204.62
  • 6 Days on Market
  • MLS # : 2260943
  • Updated Date : 01/16/2021 at 16:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,949 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Inc

Listing Agent's Description

BEAUTIFUL 2-story property located on a corner lot in the amazing Henderson area! Step into the breath-taking formal living room with high vaulted ceilings and an abundance of natural light! Laminate wood flooring installed throughout the first floor, and neutral carpeting upstairs. Kitchen equipped with all stainless steel appliances, kitchen island, & STUNNING grey cabinets. All bedrooms located upstairs. Huge primary bedroom has private bathroom with separate Tub/Shower combo, double sinks and access to walk-in closet! Primary bedroom also includes its own PRIVATE retreat with fireplace!! 3rd bedroom can easily be used as the perfect home office. Laundry room located downstairs in separate laundry room. Immaculate front/side landscaping leads to a spacious backyard with sparkling POOL & landscaping already done. Check out the floorplan, video attached, and the 3D walk thru available on Zillow!! This could all be 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: 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
Coronado High School High Regular 3,240 124 10

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

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$358,920$438,680$398,800

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,385
Property Tax -$197
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$26

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.

$398,800

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,432

INVESTMENT

$111,432

Down Payment
$99,700
Rehab Estimate
$5,750
Closing Costs
$5,982

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,385

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,700
Loan Amount $299,100
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$24,802

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6504$1,7405$1,895
$1,895
RENT COMPS ANALYSIS
  • 2128 Rockrose Circle Henderson, NV 4
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.89
    •  
  • 2119 Rockrose Circle Henderson, NV 1
    • 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 1991
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 2116 Polynesia Henderson, NV 2
    • 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,762 Sqft ∙ Built 1995
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 79 Huntfield Drive Henderson, NV 3
    • 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,883 Sqft ∙ Built 1994
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 2108 Feather Bush Street Henderson, NV 5
    • 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1992
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
PROPERTY LISTING DETAILS
Susanne Zedlitz
1.702.439.4833
Realty One Group Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260943
Last Updated: 01/16/2021
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