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214 Valley Forge Avenue Henderson, NV 89015

4 Beds 2 Baths 1,152 sqft Built 1970

$229,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $198.78
  • 4 Days on Market
  • MLS # : 2246291
  • Updated Date : 11/06/2020 at 15:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,152 sqft
  • Baths : 2 full
Listing Agent

United Realty Group

Listing Agent's Description

PROPERTY is currently tenant occupied so no showings allowed- drive by's only! Current tenant is paying $1295/month and on a one year lease agreement.

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: 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
 

$206,100$251,900$229,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$845
Property Tax -$82
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$225

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.

$229,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$41,981

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,256

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,3004$1,3205$1,350
$1,350
RENT COMPS ANALYSIS
  • 214 Valley Forge Avenue Henderson, NV 4
    • 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.15
    •  
  • 218 Mojave Ln Henderson, NV 1
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1983
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.96
    •  
  • 214 Kirk Avenue Henderson, NV 2
    • 3 beds 1 baths ∙ 1,132 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,132 Sqft ∙ Built 1979
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.15
    •  
  • 1004 Brookside Court Henderson, NV 3
    • 3 beds 1 baths ∙ 1,149 Sqft ∙ Built 1986 3 beds 1 baths ∙ 1,149 Sqft ∙ Built 1986
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.13
    •  
  • 228 Fullerton Avenue Henderson, NV 5
    • 4 beds 1 baths ∙ 1,200 Sqft ∙ Built 1979 4 beds 1 baths ∙ 1,200 Sqft ∙ Built 1979
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
PROPERTY LISTING DETAILS
Amina Bhaidani
1.702.660.4559
United Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246291
Last Updated: 11/06/2020
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