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271 Datura Street Henderson, NV 89074

4 Beds 2 Baths 2,130 sqft Built 1997

$409,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $192.02
  • 4 Days on Market
  • MLS # : 2259359
  • Updated Date : 01/09/2021 at 21:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,130 sqft
  • Baths : 2 full
Listing Agent

Calnev Realty & Investments

Listing Agent's Description

You've hit the jackpot with this exquisitely maintained one story home with 3 car garage on a corner lot in popular Green Valley. It is listed as 4 Bedrooms in the tax roll, but one room is converted to office. Living Room and Family Room have entertainment niches. Family Room/Kitchen Combo. Kitchen has granite counters, track lighting, and Kenmore appliances. Bright and airy with ceiling fans and lights in all rooms. Ceramic tile throughout and wood laminate flooring in bedrooms. Primary BR has block glass windows, its own spa tub and sliding glass door to private rear yard. All 3 bedrooms have their own walk-in closet. Dual sinks in both bathrooms. Backyard is divine and excellent for entertaining with above gound spa, stamped concrete patio, alumawood cover, shed, and desert landscaping. Water softening system in garage. Water Heater is one year old. Furnace and A/C are serviced every 6 months. Close to Trail Canyon Park. All Furniture and Personal Items Excluded.

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
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
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,421
Property Tax -$228
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$94

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.

$409,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.47%

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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$35,678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,098

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,756
1$1,7562$1,9303$1,9994$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 271 Datura Street Henderson, NV 2
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.91
    •  
  • 1139 Jesse Harbor Avenue Henderson, NV 1
    • 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 2016
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,756
    • $0.91
    •  
  • 1102 Cloudy Day Drive Henderson, NV 3
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2000
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.94
    •  
  • 337 Evan Picone Drive Henderson, NV 4
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1996
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 1026 Misty Rose Avenue Henderson, NV 5
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2001
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
PROPERTY LISTING DETAILS
Robert Mccann
1.702.403.5321
Calnev Realty & Investments
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259359
Last Updated: 01/09/2021
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