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2423 Bounty Hunter Court Henderson, NV 89002

3 Beds 2 Baths 3,053 sqft Built 2003

$625,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $204.72
  • 3 Days on Market
  • MLS # : 2261704
  • Updated Date : 01/17/2021 at 04:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,053 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Single story, 3035 sq ft, 3 bed + den (4th bed w/closet removed), 3 bath, 3 car & RV parking on almost 1/2 ac w/dream backyard & low HOA. Wrought iron gate entry w/eched glass door. Plantation shutters, security cameras, alarm, surround sound w/speakers in & out, fans in all rooms. Kitchen w/vaulted ceilings, raised maple cabinets w/glass uppers, breakfast bar w/granite, SS appl, moveable island, dining nook & walk in pantry. Formal living & dining w/vaulted ceilings & surround sound. Oversized primary bedroom w/sitting area, vaulted ceilings. Primary bath w/dual sinks, sep shower & jacuzzi tub & large walk in closet (10x17). 2nd & 3rd bed w/mirrored doors, 3rd bed & den share jack n jill bath. Garage w/built in cabinets. Almost 1/2 ac backyard w/full covered patio w/ceiling fans, built in covered stone BBQ, covered stone wood burning fireplace, rock waterfall pool w/slide & beach entry, putting green, synthetic grass, raised walkway, enclosed dog run + true RV parking behind gate

SEE MORE

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: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9911875

* 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
J. Marlan Walker International Elementary School Primary Regular 628 39 10
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

J. Marlan Walker International Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 39
10
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,171
Property Tax -$387
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$233

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.

$625,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$22,477

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,381

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,4003$2,530
$2,530
RENT COMPS ANALYSIS
  • 2423 Bounty Hunter Court Henderson, NV 3
    • 3 beds 2 baths ∙ 3,053 Sqft ∙ Built 2003 3 beds 2 baths ∙ 3,053 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.83
    •  
  • 942 Saddle Horn Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1999
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 2403 Sharp Spur Drive Henderson, NV 2
    • 3 beds 2 baths ∙ 3,053 Sqft ∙ Built 2003 3 beds 2 baths ∙ 3,053 Sqft ∙ Built 2003
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.79
    •  
PROPERTY LISTING DETAILS
Denise M Gubler
1.702.496.2830
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261704
Last Updated: 01/17/2021
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