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3 Ravinia Court Henderson, NV 89052

4 Beds 5 Baths 3,876 sqft Built 2000

$1,260,000

List Price

$3,860

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $325.08
  • 11 Days on Market
  • MLS # : 2241668
  • Updated Date : 10/31/2020 at 10:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,876 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

POPULAR 1 STORY CANTATA 3962SF FLOORPLAN ON DESIRABLE CUL DE SAC SUPER SIZE LOT! 3 1/2 CAR GARAGE WITH STORAGE RACKS & CABINETS, ROOM FOR GOLF CART. XTRA LONG DRIVEWAY AREA FOR EXTRA PARKING! ISLAND KITCHEN, DOUBLE OVENS, STAINLESS STEEL COOKTOP, SKYLIGHTS, BUILT IN REFRIGERATOR, CONVENIENT WALKIN PANTRY, EAT-IN NOOK, WET BAR, DRAMATIC 12' HIGH CEILINGS, GREAT ROOM FLOORPLAN WITH FIREPLACE & ROUNDED WINDOW AREAS LETTING IN A LOT OF NATURAL LIGHT! SLATE STONE FLRS & WOOD THROUGHOUT, THIS BEAUTIFUL CANTATA IS ONE THE WHOLE FAMILY CAN CREATE WONDERFUL LASTING MEMORIES! SEVERAL BACKYARD AREAS TO RELAX & TO ROAM, THE RIVER RUNS THROUGH IT! EXTRA LONG COVERED PATIO, BI BBQ ISLAND, THE SERENE FEEL OF SEVERAL WATERFALLS WILL LET YOU FLOAT AWAY IN BLISS! LOVELY COURTYARD ENTRY, COVERED FRONT PORCH, LUSH MATURE LANDSCAPE, NEW EXTERIOR PAINT,

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k608k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802696

* 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
 

$1,134,000$1,386,000$1,260,000

PURCHASE PRICE

$3,474$4,246$3,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,860
EXPENSES Loan Payment -$4,649
Property Tax -$714
Property Insurance -$102
Property Management Fees -$119
CASH FLOW
-$1,724

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.

$1,260,000

PROJECTED PRICE

$3,860

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 4.7%
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$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$339,650

INVESTMENT

$339,650

Down Payment
$315,000
Rehab Estimate
$5,750
Closing Costs
$18,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $315,000
Loan Amount $945,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,860

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $4,031

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,8603$3,8954$3,8955$4,517
$4,517
RENT COMPS ANALYSIS
  • 3 Ravinia Court Henderson, NV 2
    • 4 beds 5 baths ∙ 3,876 Sqft ∙ Built 2000 4 beds 5 baths ∙ 3,876 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,860
    • $1.00
    •  
  • 38 Stonemark Drive Henderson, NV 1
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003
    LEASED 05/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.95
    •  
  • 7 Contra Costa Place Henderson, NV 3
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.01
    •  
  • 34 Candlewyck Drive Henderson, NV 4
    • 4 beds 5 baths ∙ 3,592 Sqft ∙ Built 2002 4 beds 5 baths ∙ 3,592 Sqft ∙ Built 2002
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.08
    •  
  • 16 Pine Hollow Drive Henderson, NV 5
    • 5 beds 5 baths ∙ 4,025 Sqft ∙ Built 2004 5 beds 5 baths ∙ 4,025 Sqft ∙ Built 2004
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,517
    • $1.12
    •  
PROPERTY LISTING DETAILS
Ellen Fahr
1.702.595.4881
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2241668
Last Updated: 10/31/2020
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