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2169 Rio Rancho Pointe Place Henderson, NV 89002

4 Beds 1 Baths 1,824 sqft Built 2019

INVESTimate

$370,000

List Price

$1,560

$1,404 - $1,716

Rent Est.

$410,034  ( +10.82%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $202.85
  • 7 Days on Market
  • MLS # : 2223194
  • Updated Date : 08/25/2020 at 12:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,824 sqft
  • Baths : 1 full
Listing Agent

Urban Nest Realty

Listing Agent's Description

Barely lived in! Gracious home in all single story community. Beautifully done front yard has great curb appeal. Paver driveway and walk. Built in 2019, this one story 4 bedroom home is move in ready. Built by DR Horton, this 1830 plan lives big and has a walkin shower in the primary bedroom and a full bath shared by the secondary bedrooms. Open concept kitchen/family room with granite counters and large pantry. A large electronic pet door allows your pets access to the fenced backyard. Primary bedroom and bath separated from the other bedrooms. Upgraded carpet in the primary and one other bedroom, the rest is tile. Ring doorbell and upgraded security system w/cameras stay.

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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: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9911875

* 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 Dooley Elementary School Primary Regular 416 27 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

John Dooley Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 27
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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,365
Property Tax -$229
Property Insurance -$63
HOA -$47
Property Management Fees -$119
CASH FLOW
-$263

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$370,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.82%
Maintenance Year (1-5) 3.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,050

INVESTMENT

$100,050

Down Payment
$92,500
Rehab Estimate
$2,000
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,582

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,5604$1,6755$1,725
$1,725
RENT COMPS ANALYSIS
  • 2169 Rio Rancho Pointe Place Henderson, NV 3
    • 4 beds 1 baths ∙ 1,824 Sqft ∙ Built 2019 4 beds 1 baths ∙ 1,824 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.86
    •  
  • 2413 Belt Buckley Drive #0 Henderson, NV 1
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2003
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
  • 2407 Belt Buckley Henderson, NV 2
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 2277 Red Alder Street Henderson, NV 4
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1999
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.87
    •  
  • 2232 Sky Island Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 2017
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.89
    •  
PROPERTY LISTING DETAILS
Lisa J Holmquist
1.702.875.5007
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223194
Last Updated: 08/25/2020
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