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2505 Mahaila Circle Henderson, NV 89074

4 Beds 3 Baths 2,525 sqft Built 1990

$489,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $194.02
  • 2 Days on Market
  • MLS # : 2243888
  • Updated Date : 11/02/2020 at 15:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,525 sqft
  • Baths : 3 full
Listing Agent

Era Brokers Consolidated

Listing Agent's Description

Beautiful, well maintained Green Valley home WITH BRAND NEW SOLAR PANELS THAT ARE OWNED!! This spacious floor plan offers 4 bedrooms, vaulted ceilings, tile throughout the 1st floor & wood laminate in the upstairs bedrooms. Bedroom with full bath on the 1st floor! Kitchen has been remodeled & features granite counters, stainless steel appliances including built-in convection oven & microwave plus 5 burner cooktop. Formal living room & dining room. Gas fireplace in family room that can also be used as a wood burning fireplace, whichever you prefer! Upstairs, the inviting master bedroom features double door entry & master bath with dual sinks & remodeled tub and shower with all new tile & fixtures. All bedrooms boast ceiling fans & closets with custom built-ins. Pool size backyard has been meticulously kept & features large covered patio. Garage features work bench, cabinets & lots of storage! Refrigerator in garage stays with home. All this plus RV parking as well!

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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
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
 

$440,910$538,890$489,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,808
Property Tax -$251
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$144

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.

$489,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.43%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$25,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,089

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,9503$2,1004$2,1105$2,125
$2,125
RENT COMPS ANALYSIS
  • 2505 Mahaila Circle Henderson, NV 4
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.84
    •  
  • 2742 Chokecherry Avenue #0 Henderson, NV 1
    • 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,329 Sqft ∙ Built 1996
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.77
    •  
  • 212 Thurston Henderson, NV 2
    • 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2001
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 2505 Via De Pallon Circle Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1990
    LEASED 06/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 2538 Grange Henderson, NV 5
    • 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2001
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.89
    •  
PROPERTY LISTING DETAILS
Richard Lasica
1.702.992.7772
Era Brokers Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243888
Last Updated: 11/02/2020
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