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2420 Brockton Way Henderson, NV 89074

4 Beds 3 Baths 2,020 sqft Built 2000

$414,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $205.40
  • 3 Days on Market
  • MLS # : 2267743
  • Updated Date : 02/06/2021 at 20:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 3 full
Listing Agent

Icon Realty

Listing Agent's Description

WONDERFUL 4 BEDROOM HOME, 3 TOTAL BATHS LOCATED IN THE BEAUTIFUL GREEN VALLEY/WESTWOOD VILLAGE NEIGHBORHOOD. DOWNSTAIRS BEDROOM AND 3/4 BATH. GREAT KITCHEN, CABINETS, SOLID SURFACE COUNTERS. MATURE LANDSCAPING IN FRONT AND BACK YARD. SOLAR, SAVE ON YOUR POWER BILL! HIGH END WATER CONDITIONING SYSTEM. VERY PRIVATE BACKYARD. MANY UPGRADES THROUGHOUT THIS LOVELY HOME. LOW HOA ONLY $170 PER YEAR. BRAND NEW HV/AC SYSTEM. SOLAR SYSTEM IS OWNED AND PAID OFF FOR THE BENEFIT OF THE NEW OWNERS!!!!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
 

$373,410$456,390$414,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,441
Property Tax -$234
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$39

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.

$414,900

PROJECTED PRICE

$1,900

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,699

INVESTMENT

$115,699

Down Payment
$103,725
Rehab Estimate
$5,750
Closing Costs
$6,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,725
Loan Amount $311,175
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$30,774

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,9004$1,9955$2,095
$2,095
RENT COMPS ANALYSIS
  • 2420 Brockton Way Henderson, NV 3
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 2509 El Paso Grande Henderson, NV 1
    • 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1990
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 2391 Tilden Henderson, NV 2
    • 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 2388 Tilden Way Henderson, NV 4
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 1999
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 2533 Kinnard Avenue Henderson, NV 5
    • 3 beds 3 baths ∙ 2,033 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,033 Sqft ∙ Built 1999
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
PROPERTY LISTING DETAILS
Michael P Goff
1.702.301.9602
Icon Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2267743
Last Updated: 02/06/2021
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