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3063 Blazing Creek Way Henderson, NV 89052

4 Beds 3 Baths 2,911 sqft Built 1998

$615,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $211.27
  • 4 Days on Market
  • MLS # : 2257962
  • Updated Date : 01/09/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,911 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

ONE-OF-A-KIND Henderson home, on a huge lot, in the highly sought after community of Seven Hills! From the moment you enter and are greeted by the soaring, vaulted ceiling & warm neutral tones - the pride of ownership is apparent. The kitchen features a generous chef's island that creates a perfect gathering place across from the family room & includes stainless steel appliances, a sleek custom tile backsplash, quartz counters & an eat-in breakfast nook! There are 2 Primary en-suite bedrooms, 1 up and 1 down, a huge loft/flex space for office, home-schooling, media room etc. The backyard is an oasis featuring a remodeled sparkling pool & spa to include NEW; tile*plaster*pool panel*color lights*GFCI breakers*pool fencing & kool decking! More upgrades include NEW; master bath, playscape on REAL grass, shed for storing pool/garden equip., hot water heater, prewired security system, landscape lighting, blue tooth surround sound, security doors & more - This is truly a one of a kind home!

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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,136
Property Tax -$330
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$39

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.

$615,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.43%

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$30k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$37,931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,780

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,6303$2,7954$2,8005$2,875
$2,875
RENT COMPS ANALYSIS
  • 3063 Blazing Creek Way Henderson, NV 2
    • 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.90
    •  
  • 1316 Echo Creek Street #0 Henderson, NV 1
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 1998
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.86
    •  
  • 3047 Via Sarafina Drive Henderson, NV 3
    • 4 beds 2 baths ∙ 2,984 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,984 Sqft ∙ Built 1999
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.94
    •  
  • 3060 Evening Mist Avenue Henderson, NV 4
    • 4 beds 3 baths ∙ 2,815 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,815 Sqft ∙ Built 2000
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
  • 3075 Evening Mist Avenue Henderson, NV 5
    • 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2000
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jennifer L Brockman
1.702.467.0909
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257962
Last Updated: 01/09/2021
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