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227 Hollyfern Street Henderson, NV 89074

5 Beds 2 Baths 3,466 sqft Built 1996

$629,999

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $181.77
  • 2 Days on Market
  • MLS # : 2313801
  • Updated Date : 07/12/2021 at 15:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,466 sqft
  • Baths : 2 full
Listing Agent

Commercial West Brokers

Listing Agent's Description

No HOA! Highly Upgraded! Entertainers Dream Hm! Huge Chef's Outdoor Kitchen W/All the Finest Stainless Steel BBQ, Side Burners, Pull Out Drawers, Ice Chest, Huge Granite Counter Top for All Your Friends/Family, Custom Pavers & Lighting, Outdoor Wood Burning FP for Smores, Extra Lrg Covered Patio + Custom Built Solar Shade Cover, Replastered Pool/Spa next to the Wood FP to enjoy! Over $50k in Recent Custom Features. Too Much Fun in the Backyard. Extra Lrg Fam Rm W/Wet Bar + 3 Sided Gas FP next to the Big Indoor Kitchen W/High Quality Custom Granite Counter Tops, Built in Double Ovens, Gas Cooktop, Lrg Pantry. Spacious Eat in Kitchen W/Bay Window + Wrap around Kitchen Breakfast Bar Overlooking Your Fun Backyard. Entertain Large Groups & Enjoy. Formal Din/Liv Rms W/Gas FP. Huge Owners Suite W/3 Sided Gas FP, Extended Walk in Closet, Custom Entertainment Nook, Huge Double Sink Vanity, Sep Soaking Tub/Shower. Walk to School, Near Airport, Raider Facilities.

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 North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
Aggie Roberts Elementary School Primary Regular 805 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Aggie Roberts Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$566,999$692,999$629,999

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,188
Property Tax -$353
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
$166

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.

$629,999

PROJECTED PRICE

$2,920

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,499
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$57,181

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,929

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8004$3,0955$3,200
$3,200
RENT COMPS ANALYSIS
  • 227 Hollyfern Street Henderson, NV 1
    • 5 beds 2 baths ∙ 3,466 Sqft ∙ Built 1996 5 beds 2 baths ∙ 3,466 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2437 Antler Point Drive Henderson, NV 2
    • 5 beds 1 baths ∙ 3,465 Sqft ∙ Built 1995 5 beds 1 baths ∙ 3,465 Sqft ∙ Built 1995
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.78
    •  
  • 2817 Via Avanti Street Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 1992 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 1992
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.79
    •  
  • 2696 Pala Dura Drive Henderson, NV 4
    • 5 beds 3 baths ∙ 3,488 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,488 Sqft ∙ Built 1996
    LEASED 06/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $0.89
    •  
  • 2694 African Violet Avenue Henderson, NV 5
    • 4 beds 3 baths ∙ 3,488 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,488 Sqft ∙ Built 1996
    LEASED 04/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
L Howard Bobson
1.702.210.6393
Commercial West Brokers
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2313801
Last Updated: 07/12/2021
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