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254 Resolute Avenue Henderson, NV 89011

3 Beds 3 Baths 2,384 sqft Built 2018

$419,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $176.13
  • 3 Days on Market
  • MLS # : 2247962
  • Updated Date : 11/13/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,384 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Stylish home in the Gardens, a premier Cadence Village promoting a sense of community anchored by Central Park with a pond, trails, pool, and recreation. Gardenia floor plan consists of an open concept with super great room and a 12-foot glass patio slider just like the 2463sf builder model. Kitchen highlighted by bullnose granite, herringbone tile backsplash, white cabinetry with 42-inch uppers, island, and built-in GE stainless steel appliances. Primary suite indulges the senses with a balcony and a spa inspired bathroom treated to a mega shower with rain head. Second and third bedrooms have an adjacent bathroom with double sinks. Flexibility includes a loft plus a first-floor den that could be a fourth bedroom. Upgrades include wood plank tile, contemporary paint, plush carpet, and poly-wood shutters. Fully landscaped backyard with over $10K in upgrades including extended paver stone covered patio, synthetic lawn, vibrant lemon and lime trees, fragrant roses, and paver walkway.

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: Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k600k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801929

* 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
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
8
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,549
Property Tax -$341
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$192

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.

$419,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,913

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,062

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8753$1,8904$2,1755$2,175
$2,175
RENT COMPS ANALYSIS
  • 254 Resolute Avenue Henderson, NV 3
    • 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.79
    •  
  • 273 Resolute Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2018
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.80
    •  
  • 856 Water Street Henderson, NV 2
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2017
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.81
    •  
  • 285 Resolute Henderson, NV 4
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2018
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.94
    •  
  • 398 Gracious Henderson, NV 5
    • 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2018
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.91
    •  
PROPERTY LISTING DETAILS
Leslie S Carver
1.702.436.3615
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247962
Last Updated: 11/13/2020
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