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2144 Cimarron Hill Drive Henderson, NV 89074

3 Beds 1 Baths 1,842 sqft Built 1994

$391,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $212.27
  • 2 Days on Market
  • MLS # : 2253421
  • Updated Date : 12/05/2020 at 08:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,842 sqft
  • Baths : 1 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Gorgeous & remodeled single story in GV zoned for top schools! Completely remodeled, vinyl plank flrng thurout, freshly painted, new baseboards, new kitchen w soft close custom cabinets (not rebuilt), quartz counters & brkfast bar, GE stainless appliances, SS farm sink, a WOW kitchen! New HVAC (16 Seer) & New H20 heater. Separate lvng/fam rm w vaulted ceilings & tons of character & natral light! Fam rm includes FP & french door to bckyd. Master bdrm separate from others & walk-out to beautiful backyard from wall to wall slider! Remodeled master bth custom cabinet, sep tub & shower & walk-in closet. Cozy bdrm 3 w window facing front yard, walk-in closet & tons of natural light; Guest bdrm w vaulted ceiling. Remodeled 2nd bath w custom cabinet, quartz counter & huge walk-in shower! Walking out to fabulous yard, enjoy huge covered patio & enormous yard! Shed included. 2 car garage AND an enourmous driveway, fit for all toy vehicles! Water softener included; new water heater included!

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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: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
 

$351,900$430,100$391,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,443
Property Tax -$215
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$229

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.

$391,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$109,365

INVESTMENT

$109,365

Down Payment
$97,750
Rehab Estimate
$5,750
Closing Costs
$5,865

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,443

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,750
Loan Amount $293,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$11,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,658

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6503$1,6504$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 2144 Cimarron Hill Drive Henderson, NV 1
    • 3 beds 1 baths ∙ 1,842 Sqft ∙ Built 1994 3 beds 1 baths ∙ 1,842 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.87
    •  
  • 232 Geronimo Court #n/a Henderson, NV 2
    • 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,872 Sqft ∙ Built 1988
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 240 Elkins Circle Henderson, NV 3
    • 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1995
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 2241 Le Conte Henderson, NV 4
    • 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 1996
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 2113 Cimarron Hill Drive Henderson, NV 5
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1994
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Maria S Martin
1.702.682.9360
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253421
Last Updated: 12/05/2020
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