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2445 Cliffwood Drive Henderson, NV 89074

3 Beds 2 Baths 1,444 sqft Built 1997

$297,500

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $206.02
  • 7 Days on Market
  • MLS # : 2272999
  • Updated Date : 03/06/2021 at 02:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,444 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

LOCATION, LOCATION, LOCATION!! BEAUTIFUL 2-STORY HOME IN THE HEART OF GREEN VALLEY! SITUATED AT THE END OF CUL-DE-SAC IN GATED COMMUNITY, THIS PROPERTY FEATURES 3 BEDROOMS, 3 BATHS, & 2 CAR GARAGE. OPEN FLOOR PLAN WITH HIGH CEILINGS. UPGRADED CARPET AND LAMINATE WOOD FLOORS. KITCHEN HAS A BREAKFAST BAR, GRANITE COUNTERTOPS, TILE FLOORING & STAINLESS STEEL APPLIANCES. DOWNSTAIRS LAUNDRY ROOM, WASHER & DRYER INCLUDED! MASTER BEDROOM HAS WALK-IN-CLOSET. MASTER BATH FEATURES DUAL SINKS & SHOWER/TUB COMBO. 2ND BEDROOM WITH FULL BATH. DOWNSTAIRS BEDROOM WITH 3/4 BATH. NICE PRIVATE BACKYARD WITH 2 TIER PATIO COVER, LOW MAINTENANCE LANDSCAPING. ENJOY THE COMMUNITY POOL AND SPA. MINUTES AWAY FROM THE I-215, PARKS, RESTAURANTS, THE DISTRICT & MORE!! THIS WON'T LAST LONG, SO COME SEE BEFORE IT'S GONE! WELCOME HOME!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$267,750$327,250$297,500

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,033
Property Tax -$156
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$96

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.

$297,500

PROJECTED PRICE

$1,460

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$84,588

INVESTMENT

$84,588

Down Payment
$74,375
Rehab Estimate
$5,750
Closing Costs
$4,463

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,375
Loan Amount $223,125
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$28,736

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,462

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,4503$1,4604$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 2445 Cliffwood Drive Henderson, NV 3
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.01
    •  
  • 198 Chadwell Court #0 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,313 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,313 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.01
    •  
  • 2706 Briarcliff Avenue Henderson, NV 2
    • 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
    •  
  • 2363 Tilden Henderson, NV 4
    • 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
    •  
  • 147 Montclair Court Henderson, NV 5
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1986
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ginny Lee
1.702.875.1477
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272999
Last Updated: 03/06/2021
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