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2453 Marlene Court Henderson, NV 89014

3 Beds 2 Baths 1,407 sqft Built 1979

$355,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $252.31
  • 2 Days on Market
  • MLS # : 2278542
  • Updated Date : 03/20/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,407 sqft
  • Baths : 2 full
Listing Agent

Urban Nest Realty

Listing Agent's Description

Nested at the back of a cul de sac, this sweet home is one of the largest lots in the neighborhood (almost 1/4 acre)! 3 bedrooms and 2 full baths make living easy in this NO HOA neighborhood. Large pool/spa in the backyard for you to relax in and cool down on our hot summer nights, complete with a covered patio. Beautiful backyard landscaping with artificial grass and a side gate for RV parking for those that travel or have guests that do. This yard was made for large gatherings or quiet evenings in. The garage is bright and sunny with a skylight and plenty of storage. For the cool desert nights, there is a comfy gas fireplace in the living room. This home boasts an open floor plan in this sought-after, single-story home. Recently updated bathrooms add a special spa feel!

SEE MORE

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,233
Property Tax -$179
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$26

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.

$355,000

PROJECTED PRICE

$1,560

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$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,421

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4993$1,5604$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 2453 Marlene Court Henderson, NV 3
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.11
    •  
  • 1835 Dagger Drive #none Henderson, NV 1
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1997
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.01
    •  
  • 2050 Warm Springs Road #621 Henderson, NV 2
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1996
    LEASED 03/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.01
    •  
  • 644 Cervantes Henderson, NV 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1989
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.00
    •  
  • 397 Discovery Court Henderson, NV 5
    • 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 1988
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Lysandra Bailen
1.702.376.9852
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278542
Last Updated: 03/20/2021
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