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2501 Serenity Court Henderson, NV 89074

4 Beds 2 Baths 2,985 sqft Built 1994

$484,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $162.45
  • 3 Days on Market
  • MLS # : 2269169
  • Updated Date : 02/12/2021 at 17:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,985 sqft
  • Baths : 2 full
Listing Agent

The Baird Group, Llc

Listing Agent's Description

GREAT BUY IN THE MASTERS SERIES!! CUL DE SAC CORNER LOT; OPEN VAULTED CEILINGS IN ENTRYWAY; LIVING ROOM/FORMAL DINING ROOM COMBO WITH FIREPLACE;KITCHEN FEATURES WHITE CABINETS WITH HARDWARE; BUILT IN OVEN AND MICROWAVE;FRIDGE HAS CABINET FRONT DOOR; ISLAND BAR; CORIAN SMOOTH SURFACE COUNTER-TOPS; LOTS OF CABINET STORAGE; DINING NOOK AREA; SEPARATE FAMILY ROOM OFF KITCHEN WITH FIREPLACE;DOWNSTAIRS BEDROOM WITH WALK IN CLOSET & 3/4 BATHROOM CLOSE BY; LARGE LAUNDRY ROOM WITH SINK; WASHER & DRYER INCLUDED; HUGE PRIMARY BEDROOM WITH SITTING AREA POSSIBILITIES;PRIMARY BATHROOM HAS SEPARATE VANITIES WITH MAKE UP COUNTER; WALK IN CLOSET; ALL BEDROOMS HAVE FANS; 2ND AND 3RD BEDROOMS HAVE MIRRORED CLOSET DOORS; BACK YARD IS PRIVATE WITH LARGE COVERED PATIO. HOME WELL CARED FOR.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
 

$436,410$533,390$484,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,684
Property Tax -$325
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$187

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.

$484,900

PROJECTED PRICE

$2,400

PROJECTED RENT

0.49%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,684

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

7.83

YEARS SAVED

$49,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,463

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4003$2,5004$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2501 Serenity Court Henderson, NV 2
    • 4 beds 2 baths ∙ 2,985 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,985 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
  • 2223 Midvale Terrace Henderson, NV 1
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 1995
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
  • 272 El Camino Verde Henderson, NV 3
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1990
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 2344 Thayer Avenue Henderson, NV 4
    • 5 beds 4 baths ∙ 3,100 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,100 Sqft ∙ Built 1997
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 2367 Thayer Henderson, NV 5
    • 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1999
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.87
    •  
PROPERTY LISTING DETAILS
Steven D Baird
1.702.592.9927
The Baird Group, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269169
Last Updated: 02/12/2021
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