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2428 High Vista Drive Henderson, NV 89014

6 Beds 3 Baths 3,784 sqft Built 1990

$745,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $196.88
  • 5 Days on Market
  • MLS # : 2249971
  • Updated Date : 11/26/2020 at 05:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,784 sqft
  • Baths : 3 full
Listing Agent

Real Estate One Llc

Listing Agent's Description

CUSTOM HOME IN GREEN VALLEY COUNTRY CLUB ESTATES ON OVER A 1/4 ACRE LOT, HARD TO FIND 6 BEDROOM WITH LARGE MASTER BEDROOM DOWNSTAIRS, GOURMET KITCHEN, WITH BUILT-IN FRIDGE, ISLAND WITH PREP SINK, PREMIUM GRANITE COUNTER TOPS. TRAVERTINE STYLE FLOORS WITH WOOD INLAY, 2 FIREPLACES, LARGE COVERED PATIO LEADS TO A CUSTOM POOL AND SPA COMBO. LOW MAINTENANCE LANDSCAPE CREATES A BACKYARD PARADISE! RV / BOAT PARKING, GREAT GREEN VALLEY LOCATION NEAR THE FAMOUS LAS VEGAS STRIP, WILD HORSE GOLF COURSE, WORLD CLASS RESTAURANTS, SHOPPING INCLUDING THE GALLERIA MALL, VALLEY AUTO MALL, HENDERSON HOSPITAL, COWABUNGA WATER PARK, STADIUM MOVIE THEATER, SCHOOLS, NUMEROUS PARKS, BMX RACE TRACK, FREEWAYS AND SO MUCH MORE.

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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
Estes M. Mcdoniel Elementary School Primary Regular 556 34 7
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Estes M. Mcdoniel Elementary School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 34
7
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
 

$670,500$819,500$745,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,749
Property Tax -$358
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$506

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.

$745,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.38%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$203,175

INVESTMENT

$203,175

Down Payment
$186,250
Rehab Estimate
$5,750
Closing Costs
$11,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,749

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $186,250
Loan Amount $558,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$17,228

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,791

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6503$2,7004$2,7005$2,820
$2,820
RENT COMPS ANALYSIS
  • 2428 High Vista Drive Henderson, NV 5
    • 6 beds 3 baths ∙ 3,784 Sqft ∙ Built 1990 6 beds 3 baths ∙ 3,784 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.75
    •  
  • 281 Maritime Street Henderson, NV 1
    • 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 1998
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.69
    •  
  • 2361 Thayer Avenue #0 Henderson, NV 2
    • 6 beds 3 baths ∙ 3,579 Sqft ∙ Built 1999 6 beds 3 baths ∙ 3,579 Sqft ∙ Built 1999
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.74
    •  
  • 197 Webster Way #0 Henderson, NV 3
    • 5 beds 4 baths ∙ 3,474 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,474 Sqft ∙ Built 1991
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.78
    •  
  • 285 Maritime Street Henderson, NV 4
    • 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,635 Sqft ∙ Built 1998
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.74
    •  
PROPERTY LISTING DETAILS
Brian J Horner
1.702.498.4444
Real Estate One Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249971
Last Updated: 11/26/2020
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