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2530 Mesa Verde Terrace Henderson, NV 89074

4 Beds 3 Baths 2,439 sqft Built 1993

$490,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $200.90
  • 3 Days on Market
  • MLS # : 2260252
  • Updated Date : 01/09/2021 at 03:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,439 sqft
  • Baths : 2 full , 1 half
Listing Agent

Smg Realty

Listing Agent's Description

Single story, corner lot home located near Green Valley without the HOA! Homeowner does pay a yearly Neighborhood Improvement District fee. Tile in kitchen and living areas with carpet in all 4 bedrooms. Lots of cabinets space in the kitchen. Cozy 2 way fireplace between the living room and family. Oversized primary bathroom with extra counter space and a separate tub/shower. Backyard features covered patio and several trees for added greenery and seclusion.

SEE MORE

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
 

$441,000$539,000$490,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,702
Property Tax -$260
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$196

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.

$490,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.40%

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

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$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,691

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,963

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7993$1,9504$1,9605$2,125
$2,125
RENT COMPS ANALYSIS
  • 2530 Mesa Verde Terrace Henderson, NV 4
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.80
    •  
  • 2346 Tilden Way #0 Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,352 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,352 Sqft ∙ Built 1998
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 2742 Chokecherry Avenue #0 Henderson, NV 2
    • 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 3
    • 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
    •  
  • 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
Roosevelt Mompremier
1.702.480.2496
Smg Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260252
Last Updated: 01/09/2021
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