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2185 Chapman Ranch Drive Henderson, NV 89012

2 Beds 1 Baths 1,418 sqft Built 1996

$360,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $253.88
  • 5 Days on Market
  • MLS # : 2251726
  • Updated Date : 12/03/2020 at 17:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,418 sqft
  • Baths : 1 full
Listing Agent

Dsa Realty

Listing Agent's Description

NEW CARPET*NEW INTERIOR PAINT*1-YR OLD HEATER*DOUBLE DOORS TO MSTR BDRM W/BAY WINDOWS*1-YR OLD ROOF INSPECTION Beautiful 1-story w/2 spacious bdrms of the popular Granite model in desirable Sun City MacDonald Ranch. Open floorplan w/ large living/dining & kitchen nook w/eat-in bar. Master Bdrm w/dressing area & make-up vanity, double sinks, glass doors on shower all with safety/handicap bars + roomy walk-in closet. Utility Rm is separate & right off 2-car garage. Backyard is completely fenced with side gate in this fun 55+ GV country club neighborhood. Loads to do at the 18-hole golf course, 36,000 sq. ft. clubhouse/rec. center w/performance hall, heated pool/spa, exercise rm, bocce & pickle ball, tennis, arts & crafts, hiking trails, & more! At right selling price W/D, Refrig, Mirror, & Table (seats 20) may stay. Close to pharmacy, shopping, dining or approx.20 min drive to LV Strip or take in a professional hockey or football game. CLEAN & READY FOR IMMEDIATE MOVE-IN.

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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
 

$324,000$396,000$360,000

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 -$1,328
Property Tax -$189
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$61

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.

$360,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.45%

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

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$23,906

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
  • $1.15

    LIST RENT PER SQFT
  • $1,698

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,6304$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 2185 Chapman Ranch Drive Henderson, NV 3
    • 2 beds 1 baths ∙ 1,418 Sqft ∙ Built 1996 2 beds 1 baths ∙ 1,418 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.15
    •  
  • 438 Golden State Street Henderson, NV 1
    • 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1996 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 2170 Picture Rock Avenue Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 1996
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.22
    •  
  • 2077 Poppywood Avenue Henderson, NV 4
    • 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1997 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1997
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.26
    •  
  • 433 Piute Valley Court Henderson, NV 5
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1996
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.20
    •  
PROPERTY LISTING DETAILS
Diana L Salazar
1.702.523.8628
Dsa Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251726
Last Updated: 12/03/2020
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