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2648 White Pine Drive Henderson, NV 89074

4 Beds 2 Baths 2,363 sqft Built 1991

$435,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $184.09
  • 10 Days on Market
  • MLS # : 2272624
  • Updated Date : 02/27/2021 at 22:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,363 sqft
  • Baths : 2 full
Listing Agent

Wardley Real Estate

Listing Agent's Description

Gorgeous large corner lot home with beautiful mountain views. This stunning home has it all...4 Bedrooms, 2.75 Bathrooms, an office/den, wet bar and fireplace in living room, 2 separate living spaces, kitchen with countertop bar, formal dining room overlooking the yard, and 3 car garage that includes sink, work bench and attic. This wonderful 2 story home has a bedroom and bathroom on the main level. You will love the large primary bedroom on the 2nd level with an equally large closet and bathroom complete with dual sinks, vanity, and Jacuzzi tub. The impressive vaulted ceilings with columns give this home a unique character right upon entering. Laundry room has multiple cabinets and space for folding clothes. Backyard has a large pool with energy efficient pump, wood deck, and low maintenance landscape. Yard is positioned so there is always sun and shade at any time of the day! You could live here, you should live here! Who wouldn't want to live here?!

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
Silverado High School High Regular 2,263 94 5

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

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,511
Property Tax -$261
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$136

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.

$435,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.48%

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

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$41,182

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8004$1,8505$2,100
$2,100
RENT COMPS ANALYSIS
  • 2648 White Pine Drive Henderson, NV 5
    • 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 3133 Strawberry Park Drive Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 3158 Rabbit Creek Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2004
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
  • 2764 Chokecherry Avenue Henderson, NV 3
    • 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,171 Sqft ∙ Built 1996
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 3147 Rabbit Creek Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 2004
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
PROPERTY LISTING DETAILS
Brenda J Williams
1.702.287.9943
Wardley Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272624
Last Updated: 02/27/2021
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