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2150 Desert Woods Drive Henderson, NV 89012

2 Beds 2 Baths 1,130 sqft Built 2000

INVESTimate

$294,000

List Price

$1,300

$1,170 - $1,430

Rent Est.

$317,520  ( +8.00%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $260.18
  • 3 Days on Market
  • MLS # : 2224379
  • Updated Date : 08/24/2020 at 12:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,130 sqft
  • Baths : 2 full
Listing Agent

Ceci Realty

Listing Agent's Description

Popular Tucson model on an oversized interior lot with back yard faces in the Eastern direction. Large open great room with ceramic tile flooring, nice natural lighting, sliding glass patio door to covered patio area* Kitchen has a roomy breakfast nook, nice pantry, ceramic tile floors* Nice covered patio area for perfect for enjoying the outdoors with an extra deep back yard area. Inviting front porch for sitting area * Ceiling fans* Washer, dryer and refrigerator all included. Easy to show anytime!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sun City MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Sun City MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10011875

* 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 Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

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

$264,600$323,400$294,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$1,085
Property Tax -$173
Property Insurance -$49
HOA -$60
Property Management Fees -$119
CASH FLOW
-$186

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.

$294,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.00%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,660

INVESTMENT

$83,660

Down Payment
$73,500
Rehab Estimate
$5,750
Closing Costs
$4,410

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,500
Loan Amount $220,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,932

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,413

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,3954$1,5955$1,645
$1,645
RENT COMPS ANALYSIS
  • 2150 Desert Woods Drive Henderson, NV 1
    • 2 beds 2 baths ∙ 1,130 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,130 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.15
    •  
  • 1785 Eagle Mesa Avenue Henderson, NV 2
    • 2 beds 2 baths ∙ 1,130 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,130 Sqft ∙ Built 2000
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.23
    •  
  • 2189 Tiger Links Drive Henderson, NV 3
    • 2 beds 1 baths ∙ 1,130 Sqft ∙ Built 1998 2 beds 1 baths ∙ 1,130 Sqft ∙ Built 1998
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.23
    •  
  • 534 Carmel Mesa Drive Henderson, NV 4
    • 2 beds 2 baths ∙ 1,277 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,277 Sqft ∙ Built 2000
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.25
    •  
  • 2148 Indigo Creek Avenue Henderson, NV 5
    • 2 beds 2 baths ∙ 1,276 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,276 Sqft ∙ Built 1999
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.29
    •  
PROPERTY LISTING DETAILS
Gary Ceci
1.702.260.0873
Ceci Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224379
Last Updated: 08/24/2020
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