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2205 Radiant Horizon Avenue Henderson, NV 89052

5 Beds 2 Baths 3,608 sqft Built 2020

$769,754

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $213.35
  • 7 Days on Market
  • MLS # : 2257959
  • Updated Date : 12/28/2020 at 15:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,608 sqft
  • Baths : 2 full
Listing Agent

Lennar Sales Corp

Listing Agent's Description

Model home for sale in Henderson! This home includes our "Everything's Included" features such as stainless steel kitchen appliances, 2" faux wood blinds, Home Automation, USB outlets at kitchen & master, and much more!

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: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10802532

* 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
 

$692,779$846,729$769,754

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,840
Property Tax -$527
Property Insurance -$97
Property Management Fees -$119
CASH FLOW
-$383

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.

$769,754

PROJECTED PRICE

$3,200

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 3.00%
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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$205,985

INVESTMENT

$205,985

Down Payment
$192,439
Rehab Estimate
$2,000
Closing Costs
$11,546

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,840

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $192,439
Loan Amount $577,316
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$27,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,769

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,6953$2,7954$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2205 Radiant Horizon Avenue Henderson, NV 5
    • 5 beds 2 baths ∙ 3,608 Sqft ∙ Built 2020 5 beds 2 baths ∙ 3,608 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.89
    •  
  • 533 Blanche Court #0 Henderson, NV 1
    • 4 beds 4 baths ∙ 3,486 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,486 Sqft ∙ Built 2007
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.72
    •  
  • 2649 Smooth Blend Place #0 Henderson, NV 2
    • 5 beds 3 baths ∙ 3,418 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,418 Sqft ∙ Built 2006
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 2644 French Roast Place #0 Henderson, NV 3
    • 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,779 Sqft ∙ Built 2006
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.74
    •  
  • 2693 Copilico Terrace Henderson, NV 4
    • 4 beds 4 baths ∙ 3,403 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,403 Sqft ∙ Built 2012
    LEASED 07/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.82
    •  
PROPERTY LISTING DETAILS
Marcelle D Adams
1.702.659.8813
Lennar Sales Corp
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257959
Last Updated: 12/28/2020
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