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2734 Manteno Court Henderson, NV 89052

4 Beds 3 Baths 3,014 sqft Built 2000

$500,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $165.89
  • 4 Days on Market
  • MLS # : 2246166
  • Updated Date : 11/07/2020 at 17:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,014 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

CONGRATULATIONS YOU FOUND YOUR NEXT HOME! UNBELIEVABLE! It is the first word that comes to mind when you see this incredible home nestled within the heart of Henderson! Attention to every detail absolutely GORGEOUS! UPGRADES GALORE, HARDWOOD FLOOR&STAIRS, KITCHEN WITH GRANITE COUNTERTOPS STAIN STEEL SINK, VIKING COOR TOP DBL OVENS, FORMAL LIVING, AND DINING ROOM, FAMILY ROOM UPSTAIRS, GAS FIREPLACE, COVERED PATIO WITH TWO CEILING FANS, POOL AND SPA, RV BOAT PARKING. BALCONY W/CITY VIEW, $24,000 SOLAR PAID IN FULL AND MUCH MORE

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: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

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

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Glen C. Taylor Elementary School Primary Regular 961 46 9
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

Glen C. Taylor Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 46
9
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,845
Property Tax -$310
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
$231

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.

$500,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$1.8M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$66,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,637

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5904$2,5955$2,695
$2,695
RENT COMPS ANALYSIS
  • 2734 Manteno Court Henderson, NV 3
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.86
    •  
  • 2898 Tremont Avenue Henderson, NV 1
    • 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 2922 Tremont Avenue Henderson, NV 2
    • 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2018
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 2891 Caxton Grove Drive Henderson, NV 4
    • 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.92
    •  
  • 2815 Shining Sun Henderson, NV 5
    • 5 beds 2 baths ∙ 3,059 Sqft ∙ Built 2015 5 beds 2 baths ∙ 3,059 Sqft ∙ Built 2015
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Tina Mello
1.702.639.7653
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246166
Last Updated: 11/07/2020
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