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2234 Alanhurst Drive Henderson, NV 89052

6 Beds 4 Baths 3,052 sqft Built 1997

$600,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $196.59
  • 9 Days on Market
  • MLS # : 2273504
  • Updated Date : 03/07/2021 at 03:43
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,052 sqft
  • Baths : 4 full
Listing Agent

Winning Realty

Listing Agent's Description

Highly desirable Green Valley Henderson Home. 6 bedrooms, 4 bathrooms, 3 car garage. Dual primary bedrooms, one downstairs. Home has upgrades throughout. Kitchen has granite countertops with large island with breakfast bar. New high end appliances being installed. Huge primary bedroom with large resort style bathroom. Primary bathroom has jetted jacuzzi tub, dual sinks and dual walk in closets. Soak in your jacuzzi tub while overlooking your private backyard oasis. French doors lead out to your gorgeous backyard with POOL surrounded by luscious landscaping, natural stone waterfall with pond, year round supply of Meyers lemons and limes. New cool decking surrounding entire pool and elevated covered patio area covered with custom gazebo. Gas stub for easy grilling. Stone/pebble walking path from laundry room exterior door to pool area, gated dog run opposite side. Home is steps away from The GVR Casino, "The District", Multi Gen Rec Cen. Ask for 3D tour

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k396k

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

Neighborhood: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802045

* 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
 

$540,000$660,000$600,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,084
Property Tax -$313
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
$88

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.

$600,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$48,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,640

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,6903$2,6954$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 2234 Alanhurst Drive Henderson, NV 2
    • 6 beds 4 baths ∙ 3,052 Sqft ∙ Built 1997 6 beds 4 baths ∙ 3,052 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.88
    •  
  • 2486 Rye Beach Lane #0 Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,841 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,841 Sqft ∙ Built 1998
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.81
    •  
  • 744 Barnegat Bay Henderson, NV 3
    • 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.85
    •  
  • 2241 Verde Cape Avenue Henderson, NV 4
    • 5 beds 3 baths ∙ 3,052 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,052 Sqft ∙ Built 1999
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.88
    •  
  • 498 Melrose Heights Street Henderson, NV 5
    • 5 beds 3 baths ∙ 3,052 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,052 Sqft ∙ Built 1997
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Khristi Hutto
1.702.328.7777
Winning Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273504
Last Updated: 03/07/2021
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