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2841 Radiant Flame Avenue Henderson, NV 89052

3 Beds 3 Baths 2,005 sqft Built 2006

$375,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $187.03
  • 2 Days on Market
  • MLS # : 2277799
  • Updated Date : 03/14/2021 at 01:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,005 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

WELCOME TO A COMMUNITY WITH CHARACTER AND QUAINTNESS! This immaculate ready to move in property is a perfect beginning for a new family. Gated community with community Pool and Spa as you enter. This 2 Story 3 bedroom, 2.5 bath home has incredible views of the mountain tops and communities to the south. When you walk into this home you are treated by high vaulted ceilings, open staircase and an open concept kitchen/family room. Great for entertaining a lot of family and friends. Granite countertops, walk in pantry, tile floors, with all appliances included. Sliding back door to low maintenance backyard. Window treatments included. The area of seven hills has so much to offer in the way of dining, entertainment, shopping and all home necessities. Near Coronado High School. 2 car garage with plenty of room to fit comfortably 2 cars. Famous hot spots: Kraft Kitchen Eatery, Costco, Katcus Wren Dog Park, Lowes, ton of Coffee Shops, Picnic Areas, Clubhouse and Pool and Spa, Hurry wont last!

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: 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,303
Property Tax -$232
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$190

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.

$375,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.51%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$43,589

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,965

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,9103$2,0004$2,0505$2,195
$2,195
RENT COMPS ANALYSIS
  • 2841 Radiant Flame Avenue Henderson, NV 2
    • 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.95
    •  
  • 2777 Rochester Run Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 2,027 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,027 Sqft ∙ Built 2008
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
  • 964 Wagner Valley Street Henderson, NV 3
    • 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 2008
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 2982 Scenic Valley Way Henderson, NV 4
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2000
    property image
    LEASED 12/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.01
    •  
  • 1026 Arroyo Vista Terrace Henderson, NV 5
    • 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,152 Sqft ∙ Built 2000
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.02
    •  
PROPERTY LISTING DETAILS
Dalal Hicks
1.702.493.9544
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277799
Last Updated: 03/14/2021
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