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2435 Tour Edition Drive Henderson, NV 89074

5 Beds 5 Baths 4,531 sqft Built 2001

$654,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $144.34
  • 6 Days on Market
  • MLS # : 2264416
  • Updated Date : 01/28/2021 at 00:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,531 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Fabulous spacious home located in Green Valley's Master Series guard gated community. Featuring 5 Bedroom and 5 Bathrooms (one bedroom is downstairs). The grand entrance leads to a stunning staircase where you find a formal living and dining area with a gas fire place. The family room opens to the backyard where there is a tranquil pool and spa, with a covered patio perfect for outdoor entertaining. The gourmet kitchen includes double ovens, granite countertops with ample seating area, island and a eat-in breakfast nook.

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 South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
 

$588,600$719,400$654,000

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$2,272
Property Tax -$471
Property Insurance -$115
Property Management Fees -$119
CASH FLOW
$493

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.

$654,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.9%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$179,060

INVESTMENT

$179,060

Down Payment
$163,500
Rehab Estimate
$5,750
Closing Costs
$9,810

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,272

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $163,500
Loan Amount $490,500
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$92,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,470

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,444

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$3,395
1$3,3952$3,4703$3,5004$3,6005$3,600
$3,600
RENT COMPS ANALYSIS
  • 2435 Tour Edition Drive Henderson, NV 2
    • 5 beds 5 baths ∙ 4,531 Sqft ∙ Built 2001 5 beds 5 baths ∙ 4,531 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,470
    • $0.77
    •  
  • 2453 Ping Drive Henderson, NV 1
    • 4 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996 4 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.73
    •  
  • 2405 Ping Drive Henderson, NV 3
    • 6 beds 4 baths ∙ 4,636 Sqft ∙ Built 1997 6 beds 4 baths ∙ 4,636 Sqft ∙ Built 1997
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.75
    •  
  • 2421 Tour Edition Drive Henderson, NV 4
    • 5 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996 5 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.78
    •  
  • 2408 Tour Edition Drive #0 Henderson, NV 5
    • 5 beds 5 baths ∙ 4,621 Sqft ∙ Built 1992 5 beds 5 baths ∙ 4,621 Sqft ∙ Built 1992
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Irene W Arrowsmith
1.702.533.4728
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264416
Last Updated: 01/28/2021
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