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2342 Mabee Court Henderson, NV 89074

3 Beds 2 Baths 1,758 sqft Built 1991

$375,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $213.31
  • 4 Days on Market
  • MLS # : 2272790
  • Updated Date : 02/26/2021 at 22:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,758 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

OPEN HOUSE: Saturday 2/27 from 12 - 4 PM. Beautiful Green Valley home features 3 bedrooms and 3 bathrooms on a spacious corner lot with RV parking potential. The first floor features high ceilings with lots of natural light in the formal living and dining room. Downstairs has an open kitchen, dining, family room space with a 2-way fireplace, powder room, and laundry area. The second floor boasts a large primary bedroom with an en suite bathroom and large closet and two secondary bedrooms with a full guest bathroom. This gorgeous home features beautiful tile and laminate flooring on the first floor and custom neutral grey paint throughout. This unique property is located in a beautiful established Green Valley neighborhood with zoning for great schools and a very low HOA. Don't wait as this one has everything that you've been looking for and will not last long in this crazy low inventory market!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Nate Mack Elementary School Primary Regular 613 37 9
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Nate Mack Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 37
9
GreatSchools Rating

Barbara And Hank Greenspun Middle School

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

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,303
Property Tax -$168
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$9

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.

$375,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.44%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$26,029

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,666

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6604$1,6955$1,699
$1,699
RENT COMPS ANALYSIS
  • 2342 Mabee Court Henderson, NV 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.94
    •  
  • 2430 Millcroft Drive #0 Henderson, NV 1
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1987
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 302 Abbington Street #0 Henderson, NV 2
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1994
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 2345 Mabee Court Henderson, NV 4
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1991
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 310 Tuscany Court Henderson, NV 5
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1991
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.97
    •  
PROPERTY LISTING DETAILS
Brian Morris
1.702.308.0651
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272790
Last Updated: 02/26/2021
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