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

267 Far Away Street Henderson, NV 89074

5 Beds 3 Baths 3,159 sqft Built 1999

$550,000

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $174.11
  • 10 Days on Market
  • MLS # : 2276399
  • Updated Date : 03/13/2021 at 23:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,159 sqft
  • Baths : 3 full
Listing Agent

Urban Nest Realty

Listing Agent's Description

Gorgeous Ventana Canyon home w/ 5 large bedrooms, 3 bathrooms, loft, 2 fireplaces, family room, stunning kitchen, and pool. The principal bedroom has a two-way fireplace to enjoy from the bedroom and bathroom. The bathroom has a custom shower, dual sinks, and soaker tub. The walk-in closet and balcony add to the appeal. Each of the upstairs bedrooms is oversized with walk-in closets. If you need more space, there is also a generously sized loft. The kitchen is a masterpiece with custom 42" cabinets w/crown molding, soft close drawers and doors, and storage galore. There's a drawer to house the trash and recycling bins to keep them out of sight. Luxury laminate plank flooring has been installed downstairs in the family room, stairs, and bedrooms. The downstairs bedroom has a 3/4 bath conveniently located next to it. The downstairs bathroom also has access to the backyard, where the pool and spa are waiting to be enjoyed. You need to see this house in person to appreciate all it offers!

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: Gibson Springs

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Gibson Springs

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
Lorna J. Kesterson Elementary School Primary Regular 653 31 9
Lyal Burkholder Middle School Middle Regular 747 34 NA
Foothill High School High Regular 2,883 109 7

Lorna J. Kesterson Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 31
9
GreatSchools Rating

Lyal Burkholder Middle School

  • Education Level: Middle
  • # of students: 747
  • # of teachers: 34
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,910
Property Tax -$328
Property Insurance -$88
Property Management Fees -$119
CASH FLOW
$205

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.

$550,000

PROJECTED PRICE

$2,650

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.8%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$55,327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,456

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2003$2,3004$2,6505$2,695
$2,695
RENT COMPS ANALYSIS
  • 267 Far Away Street Henderson, NV 4
    • 5 beds 3 baths ∙ 3,159 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,159 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.84
    •  
  • 1343 Reef Point Avenue Henderson, NV 1
    • 4 beds 2 baths ∙ 2,846 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,846 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.70
    •  
  • 1327 Bear Brook Avenue Henderson, NV 2
    • 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2016
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 168 Fulgora Street Henderson, NV 3
    • 5 beds 3 baths ∙ 2,927 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,927 Sqft ∙ Built 2018
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 1042 Painted Daisy Avenue Henderson, NV 5
    • 6 beds 3 baths ∙ 3,159 Sqft ∙ Built 2000 6 beds 3 baths ∙ 3,159 Sqft ∙ Built 2000
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.85
    •  
PROPERTY LISTING DETAILS
Eileen M Guilbeault
1.702.290.3329
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276399
Last Updated: 03/13/2021
BESbswy