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2178 Montana Pine Drive Henderson, NV 89052

4 Beds 3 Baths 2,550 sqft Built 2004

$689,990

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $270.58
  • 7 Days on Market
  • MLS # : 2263994
  • Updated Date : 01/29/2021 at 02:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,550 sqft
  • Baths : 3 full
Listing Agent

Simply Vegas

Listing Agent's Description

A definite Must See!! An absolutely stunning single story ranch home nestled in the highly sought-after Sunridge Heights community in MacDonald Ranch. This home features a wide open floor plan with 12' ceilings, twelve foot ceilings, designer fixtures and stunning flooring throughout. The chef's dream kitchen features stainless steel appliances, a huge island ready for entertaining guests, and a walk-in pantry to die for. Enjoy these cool winter nights nestled by the glowing embers of the living room fireplace or cozying up in the heated spa. As spring turns to summer picture yourself basking in the sun in your beautifully landscaped backyard or having a little fun splashing around in your modern designed swimming pool with amazing water scape features. The master bath features a large roman tub, walk-in shower, porcelain tile flooring, and dual sinks. Zoned for some of the most highly rated schools in the Valley & close to amazing shops and restaurants, this home will not disappoint.

SEE MORE

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: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k442k

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

Neighborhood: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10802110

* 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
Frank Lamping Elementary School Primary Regular 705 38 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Frank Lamping Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 38
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

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

$620,991$758,989$689,990

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,397
Property Tax -$443
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$125

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.

$689,990

PROJECTED PRICE

$2,910

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,597

INVESTMENT

$188,597

Down Payment
$172,498
Rehab Estimate
$5,750
Closing Costs
$10,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,397

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,498
Loan Amount $517,493
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$34,850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,174

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,749
1$1,7492$1,8953$2,2254$2,3005$2,910
$2,910
RENT COMPS ANALYSIS
  • 2178 Montana Pine Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.14
    •  
  • 1152 Cottonwood Ranch Court Henderson, NV 1
    • 3 beds 3 baths ∙ 2,412 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,412 Sqft ∙ Built 2005
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.73
    •  
  • 1155 Drowsy Water Court Henderson, NV 2
    • 4 beds 4 baths ∙ 2,412 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,412 Sqft ∙ Built 2004
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
  • 2284 Laramine River Drive Henderson, NV 3
    • 5 beds 3 baths ∙ 2,375 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,375 Sqft ∙ Built 2004
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.94
    •  
  • 2308 Tedesca Drive #na Henderson, NV 4
    • 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 2001
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
PROPERTY LISTING DETAILS
Damian J Van Loon
1.702.626.6666
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263994
Last Updated: 01/29/2021
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