Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2972 Valley Basin Avenue Henderson, NV 89052

5 Beds 3 Baths 3,453 sqft Built 2010

$612,500

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $177.38
  • 5 Days on Market
  • MLS # : 2264589
  • Updated Date : 01/30/2021 at 16:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,453 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Don't miss out on this beautiful and Immaculate turn key two story home in Henderson 89052! 5 bedroom, 3 car garage home w/pool, jacuzzi & green space in sought after Fairbrook. Enjoy dazzling views of the sunset, mountains and Las Vegas strip from your backyard or balcony. Large, low maintenance back yard. Tens of thousands in upgrades! This home is close to everything and truly turn key! Open House Sunday 11-3 OPEN HOUSE FRIDAY 3-6pm

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
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
 

$551,250$673,750$612,500

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,127
Property Tax -$379
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$140

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.

$612,500

PROJECTED PRICE

$2,580

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,063

INVESTMENT

$168,063

Down Payment
$153,125
Rehab Estimate
$5,750
Closing Costs
$9,188

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,127

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,125
Loan Amount $459,375
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$28,577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,771

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,580
1$2,5802$2,6503$2,7004$2,7955$2,800
$2,800
RENT COMPS ANALYSIS
  • 2972 Valley Basin Avenue Henderson, NV 1
    • 5 beds 3 baths ∙ 3,453 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,453 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.75
    •  
  • 844 Veramar Court Henderson, NV 2
    • 4 beds 4 baths ∙ 3,404 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,404 Sqft ∙ Built 2007
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.78
    •  
  • 848 Valley Moon Henderson, NV 3
    • 4 beds 4 baths ∙ 3,414 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,414 Sqft ∙ Built 2009
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.79
    •  
  • 2925 Green Falls Avenue Henderson, NV 4
    • 4 beds 3 baths ∙ 3,391 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,391 Sqft ∙ Built 2010
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.82
    •  
  • 2976 Queen Lake Court Henderson, NV 5
    • 4 beds 3 baths ∙ 3,430 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,430 Sqft ∙ Built 2012
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jeanette N Martinez
1.702.743.9882
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264589
Last Updated: 01/30/2021
BESbswy