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2434 Muirfield Avenue Henderson, NV 89074

3 Beds 1 Baths 1,368 sqft Built 1989

$305,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $222.95
  • 5 Days on Market
  • MLS # : 2248129
  • Updated Date : 11/18/2020 at 14:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,368 sqft
  • Baths : 1 full
Listing Agent

Re/max Advantage

Listing Agent's Description

An exceptional value in Green Valley! This great home is inviting with its outstanding curb appeal. The front yard is beautifully landscaped with colorful and mature landscaping and a custom flagstone walkway. Enjoy your morning coffee on the quaint front porch! Enter this popular and spacious great room design and you are greeted with a vaulted ceiling and gas fireplace. The ceilings have been retextured to remove the popcorn and can lights have been implemented to enhance the lighting. The kitchen and dining areas complement each other beautifully with a view of the back yard. An oversize master bedroom affords you the room for your large bedroom set and mirrored closet doors are utilized throughout the bedrooms. The back yard is a true paradise with lush landscaping including a grapefruit and lemon tree! Enjoy the large patio with no neighbor behind your new home! Ambient lighting turns on with a remote and 210 volt wiring is available for a spa. Take a look today!

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
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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,125
Property Tax -$154
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$112

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.

$305,000

PROJECTED PRICE

$1,340

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,4503$1,4504$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 2434 Muirfield Avenue Henderson, NV 1
    • 3 beds 1 baths ∙ 1,368 Sqft ∙ Built 1989 3 beds 1 baths ∙ 1,368 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.98
    •  
  • 302 Lander Drive #n/a Henderson, NV 2
    • 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,470 Sqft ∙ Built 1990
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 2706 Briarcliff Avenue Henderson, NV 3
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1993
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 2090 Club Crest Way Henderson, NV 4
    • 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1989
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 2363 Tilden Henderson, NV 5
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1998
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
PROPERTY LISTING DETAILS
Todd Akes
1.702.595.4422
Re/max Advantage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248129
Last Updated: 11/18/2020
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