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2278 Chestnut Bluffs Avenue Henderson, NV 89052

3 Beds 2 Baths 1,651 sqft Built 1999

$395,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $239.25
  • 4 Days on Market
  • MLS # : 2244809
  • Updated Date : 11/05/2020 at 16:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,651 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

BEAUTIFUL SINGLE STORY HOME IN THE HEART OF GREEN VALLEY RANCH, GREAT FLOOR PLAN, 3 BEDROOM, 2.5 BATHROOMS LAMENT WOOD FLOORING, LIVING ROOM, DINING ROOM, FAMILY ROOM WITH FIREPLACE, 2 CAR GARAGE WITH BUILT IN CABINETS, NICE BACK YARD WITH COVERED PATIO, DESSERT LANDSCAPING, GREAT NEIGHBORHOOD, WITH MULTIPLE PARKS,WITH MULTI GENERATIONAL CENTER FOR ALL YOUR ENJOYMENTS & WALKING DISTANCE TO THE DISTRICT, ALL THE GREAT SHOPPING AND RESTAURANTS.

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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,457
Property Tax -$245
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$270

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.

$395,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$9,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,6954$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 2278 Chestnut Bluffs Avenue Henderson, NV 2
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.98
    •  
  • 2276 Chestnut Ranch Avenue #0 Henderson, NV 1
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2004
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 2277 Dakota Sky Ct Court Henderson, NV 3
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 2278 Dakota Sky Henderson, NV 4
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 2281 Smokey Sky Drive Henderson, NV 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2005
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
PROPERTY LISTING DETAILS
Nebiat Adhanom
1.702.277.9922
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244809
Last Updated: 11/05/2020
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