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2728 Mallard Landing Avenue Henderson, NV 89074

5 Beds 2 Baths 2,874 sqft Built 1994

INVESTimate

$445,000

List Price

$2,240

$2,016 - $2,464

Rent Est.

$484,516  ( +8.88%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $154.84
  • 5 Days on Market
  • MLS # : 2224161
  • Updated Date : 08/23/2020 at 12:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,874 sqft
  • Baths : 2 full
Listing Agent

Help U Sell Integrity Re

Listing Agent's Description

Wow! What an incredible 5 bedroom home with two Master bedrooms - one down and one up - 3 other bedrooms upstairs ! There is a formal dining room and the kitchen also offers a large dining area. The kitchen has a giant island custom cabinets including some added by the owner, tile flooring. Large living Room in the front. The owner has spent over $100,000 in improvements for this gorgeous home and I want two mention that the downstairs master bedroom has a giant walk-in closet, fire place, brick wall and deluxe new flooring. and there is also a giant bar-room with to the customized wet bar and a sliding glass door to a spectacular back yard. There a re two storage buildings in the back yard including one with utilities. If you have a boat or trailer, there is a large area to them as well. Wood shutters and lots of drapes are included. You better hurry to show this magnificent ,mini-estate with 2,874 square feet and way too many customized deluxe features to mention!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
Aggie Roberts Elementary School Primary Regular 805 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Aggie Roberts Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

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

$400,500$489,500$445,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,642
Property Tax -$253
Property Insurance -$83
HOA -$35
Property Management Fees -$119
CASH FLOW
$108

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.

$445,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.88%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$47,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,335

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,110
1$2,1102$2,2403$2,3994$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2728 Mallard Landing Avenue Henderson, NV 2
    • 5 beds 2 baths ∙ 2,874 Sqft ∙ Built 1994 5 beds 2 baths ∙ 2,874 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.78
    •  
  • 2765 Chokecherry Avenue Henderson, NV 1
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 1996
    LEASED 10/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.74
    •  
  • 22 Almond Henderson, NV 3
    • 5 beds 2 baths ∙ 3,063 Sqft ∙ Built 1988 5 beds 2 baths ∙ 3,063 Sqft ∙ Built 1988
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.78
    •  
  • 272 El Camino Verde Henderson, NV 4
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1990
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 2507 El Paso Grande Henderson, NV 5
    • 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,999 Sqft ∙ Built 1990
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kelly Kuntz
1.702.531.4430
Help U Sell Integrity Re
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224161
Last Updated: 08/23/2020
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