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2157 Indigo Creek Avenue Henderson, NV 89012

2 Beds 3 Baths 1,386 sqft Built 1999

$350,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $252.53
  • 3 Days on Market
  • MLS # : 2265348
  • Updated Date : 01/30/2021 at 00:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,386 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

Absolute stunner with contemporary finishes in Sun City MacDonald Ranch. This newly remodeled, age-restricted, home features brand new air conditioning & heat systems (with WiFI enabled controls), completely remodeled bathrooms with walk-in tiled showers, new stainless steel kitchen appliances, new tile countertops in kitchen, new cabinet and drawer pulls, new water softener/conditioner, new wood-look tile flooring throughout the living areas and bedrooms, professionally designed custom closets and curtains, all new light fixtures in kitchen and bedrooms, all lights converted to LED bulbs, new gas line for direct BBQ grill connection, covered backyard patio and front porch areas, and a fully fenced in backyard. Sun City MacDonald Ranch amenities include a central clubhouse, golf course, pool & spa, social calendar and gathering facilities. Furniture and furnishings are available for purchase with the home.

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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: 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,216
Property Tax -$189
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$52

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.

$350,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$28,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,701

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,5954$1,6305$1,800
$1,800
RENT COMPS ANALYSIS
  • 2157 Indigo Creek Avenue Henderson, NV 4
    • 2 beds 3 baths ∙ 1,386 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,386 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.18
    •  
  • 1864 High Mesa Drive Henderson, NV 1
    • 2 beds 2 baths ∙ 1,277 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,277 Sqft ∙ Built 2000
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.17
    •  
  • 2089 Poppywood Avenue Henderson, NV 2
    • 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1997 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1997
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.22
    •  
  • 2148 Indigo Creek Avenue Henderson, NV 3
    • 2 beds 2 baths ∙ 1,276 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,276 Sqft ∙ Built 1999
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.25
    •  
  • 508 Carmel Mesa Drive Henderson, NV 5
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1997
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.27
    •  
PROPERTY LISTING DETAILS
Jason J Schielke
1.702.858.7598
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265348
Last Updated: 01/30/2021
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