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269 Datura Street Henderson, NV 89074

4 Beds 1 Baths 1,738 sqft Built 1997

$395,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $227.27
  • 8 Days on Market
  • MLS # : 2250373
  • Updated Date : 11/30/2020 at 10:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,738 sqft
  • Baths : 1 full
Listing Agent

Movoto, Inc

Listing Agent's Description

Check out this very nice 2 story home in Henderson. This home has it all. 4 bedrooms with 1 downstairs, a 3 car garage, heated pool/spa, with a covered patio. Its on a larger lot with lots of space to enjoy your time outside and has RV parking. Desert landscaping in the front with nice curb appeal. Also has a kitchen island, 3/4 bath downstairs, fireplace, and blinds throughout the home. All of this as well as conveniently located close to shopping, restaurants, freeways and a park. This home is move in ready and ready to be called home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Lorna J. Kesterson Elementary School

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

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,457
Property Tax -$233
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$221

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.

$395,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,660

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7254$1,7505$1,895
$1,895
RENT COMPS ANALYSIS
  • 269 Datura Street Henderson, NV 2
    • 4 beds 1 baths ∙ 1,738 Sqft ∙ Built 1997 4 beds 1 baths ∙ 1,738 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 255 Newelton #0 Henderson, NV 1
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1997
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 1386 Winter Solstice Avenue Henderson, NV 3
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1996
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
  • 268 Corvallis Court Henderson, NV 4
    • 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,738 Sqft ∙ Built 1997
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
  • 338 Solar Wind Street Henderson, NV 5
    • 3 beds 1 baths ∙ 1,920 Sqft ∙ Built 1996 3 beds 1 baths ∙ 1,920 Sqft ∙ Built 1996
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
PROPERTY LISTING DETAILS
Aaron C Bates
1.702.858.6636
Movoto, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250373
Last Updated: 11/30/2020
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