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2316 Thayer Avenue Henderson, NV 89074

6 Beds 4 Baths 3,316 sqft Built 1996

$539,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $162.55
  • 5 Days on Market
  • MLS # : 2249339
  • Updated Date : 11/20/2020 at 11:08
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,316 sqft
  • Baths : 3 full , 1 half
Listing Agent

Sansone Real Estate Services

Listing Agent's Description

IMMACULATE 6 bedroom home located in Green Valley. Bedrooms are spacious, living area features a fireplace and built-in bookshelf. The kitchen is large with CUSTOM cabinets, island, granite countertops and a large pantry. Mature, green landscaping with SPARKLING POOL AND SPA, All just minutes away from parks, shopping, 215 freeway, schools. DON'T MISS!!!

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: 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
David M. Cox Elementary School Primary Regular 625 32 8
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Coronado High School High Regular 3,240 124 10

David M. Cox Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 32
8
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,989
Property Tax -$319
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
$82

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.

$539,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.48%

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

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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$51,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,553

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,325
1$2,3252$2,5503$2,5954$2,6005$2,795
$2,795
RENT COMPS ANALYSIS
  • 2316 Thayer Avenue Henderson, NV 4
    • 6 beds 4 baths ∙ 3,316 Sqft ∙ Built 1996 6 beds 4 baths ∙ 3,316 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.78
    •  
  • 2506 Serenity Court Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,331 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,331 Sqft ∙ Built 1994
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.70
    •  
  • 2248 Midvale Terrace Henderson, NV 2
    • 5 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.77
    •  
  • 2706 African Violet Avenue Henderson, NV 3
    • 6 beds 3 baths ∙ 3,488 Sqft ∙ Built 1996 6 beds 3 baths ∙ 3,488 Sqft ∙ Built 1996
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.74
    •  
  • 72 Myrtle Beach Drive Henderson, NV 5
    • 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 1994
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.87
    •  
PROPERTY LISTING DETAILS
Devon M Sansone
1.702.914.9500
Sansone Real Estate Services
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249339
Last Updated: 11/20/2020
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