Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2535 Holman Circle Henderson, NV 89074

4 Beds 3 Baths 3,099 sqft Built 1999

$609,900

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $196.81
  • 5 Days on Market
  • MLS # : 2250675
  • Updated Date : 11/28/2020 at 16:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,099 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

Stunning executive pool home in the heart of Green Valley is one-of-a-kind rarely found at this price point,perfect in every detail with exquisite architecture,extensive stone work,tons of natural light,striking modern finishes with light & breezy coastal elegance.Flowing floor plan designed for flexibility with dedicated living & dining,open concept family room with fireplace,4 large bedrooms,entertainers loft w/office nook & balcony.The brand new chefs kitchen hosts gorgeous leathered granite,stainless appliances,granite composite sink & custom shaker cabinetry. Fabulous master suite w/elegant granite shower,soaking tub, dual vanities & walk-in closet with custom built-ins.Entertainers dream backyard with sparkling pool,garden cottage,showcase outdoor kitchen & full length covered patio.Mancave delight garages with extensive cabinetry,workbench,& epoxy floors.Even the pool table,Budweiser billiard light,player piano & 3 flat screens are included!!This is LV living at its best! HURRY!

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
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
 

$548,910$670,890$609,900

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,250
Property Tax -$329
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$235

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.

$609,900

PROJECTED PRICE

$2,550

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,374

INVESTMENT

$167,374

Down Payment
$152,475
Rehab Estimate
$5,750
Closing Costs
$9,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,250

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,475
Loan Amount $457,425
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$27,221

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,712

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5503$2,6004$2,7005$2,875
$2,875
RENT COMPS ANALYSIS
  • 2535 Holman Circle Henderson, NV 2
    • 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.82
    •  
  • 272 El Camino Verde Henderson, NV 1
    • 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 3
    • 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 4
    • 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
    •  
  • 2506 Hacker Drive Henderson, NV 5
    • 4 beds 2 baths ∙ 2,985 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,985 Sqft ∙ Built 1994
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $0.96
    •  
PROPERTY LISTING DETAILS
Geri L Martucci
1.702.296.6026
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250675
Last Updated: 11/28/2020
BESbswy