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2153 Hidden Ranch Terrace Henderson, NV 89052

2 Beds 2 Baths 1,188 sqft Built 1998

$299,999

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $252.52
  • 3 Days on Market
  • MLS # : 2257734
  • Updated Date : 01/01/2021 at 18:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,188 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Location..Location! MOVE IN READY home in desirable gated Green Valley community. Walk across the street to the Green Valley Ranch hotel/casino and shop at the District! This lovely 2 bedroom, 2 bath home features a large master bedroom & Bathroom with double sinks, tub and separate shower. Open floor plan, laminate floors throughout. REFRIGERATOR, WASHER & DRYER INCLUDED! Entertain in the large backyard or enjoy the private park. Walking paths just outside the gate. Close to 215, shopping and restaurants. Agent Remarks: VACANT EASY SHOW- Please call with any questions. Thank you for showing. Gated and all single level. New fridge,new garage opener, new washer. Great school districts, safe neighborhood!

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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: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k396k

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

Neighborhood: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802045

* 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
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,107
Property Tax -$168
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$106

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.

$299,999

PROJECTED PRICE

$1,550

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$36,281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,435

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,4954$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 2153 Hidden Ranch Terrace Henderson, NV 5
    • 2 beds 2 baths ∙ 1,188 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,188 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.30
    •  
  • 251 Green Valley Parkway #911 Henderson, NV 1
    • 2 beds 3 baths ∙ 1,102 Sqft ∙ Built 1997 2 beds 3 baths ∙ 1,102 Sqft ∙ Built 1997
    property image
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.27
    •  
  • 438 Golden State Street Henderson, NV 2
    • 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1996 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1996
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 2170 Picture Rock Avenue Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 1996
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.22
    •  
  • 2462 Citrus Garden Circle Henderson, NV 4
    • 2 beds 2 baths ∙ 1,261 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,261 Sqft ∙ Built 1999
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.23
    •  
PROPERTY LISTING DETAILS
Dusty T Mills
1.702.793.9635
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257734
Last Updated: 01/01/2021
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