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3132 Twilight Crest Avenue Henderson, NV 89052

4 Beds 2 Baths 2,225 sqft Built 2001

$399,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $179.33
  • 5 Days on Market
  • MLS # : 2243450
  • Updated Date : 10/30/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,225 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Home is located in a gated community in the heart of Seven Hills. Featuring charming curb appeal with 4 BR's & 3 baths & a loft. Lots of natural light. Beautiful wooden Plantation shutters & lights and ceiling fans T/O. Separate living areas. Living & Dining Room are together. Family room is separate w/a gas fireplace. Spacious vaulted ceilings. Kitchen is open with a breakfast bar, nook & walk in pantry. All appliances are included. Samsung fridge/freezer, new in 2018. Bosch dishwasher new in 2019. Washer & dryer are front loading & dryer is a Maytag commercial 4,000. One bedroom & bath are down. 3 bedrooms and 2 baths are upstairs. Master Bedroom is spacious & closet has custom built in's. One bedroom is being used as an office w/floor to ceiling built in shelves. Garage has cabinets. Garage doors have new mechanics & railing system. Goettl Flow Tech water system and Goettl Gas A/C large unit new in 2018. Seven Hills has parks, playgrounds, sports fields, tennis courts & trails.

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: 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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,472
Property Tax -$228
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$61

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.

$399,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.49%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$39,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,092

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9993$2,0004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 3132 Twilight Crest Avenue Henderson, NV 1
    • 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 1302 Echo Wind Avenue Henderson, NV 2
    • 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1997
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.99
    •  
  • 3067 Emerald Wind Street Henderson, NV 3
    • 3 beds 3 baths ∙ 2,207 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,207 Sqft ∙ Built 1998
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 3105 Shadow Dusk Avenue Henderson, NV 4
    • 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2000
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 1499 Cilento Court #0 Henderson, NV 5
    • 3 beds 2 baths ∙ 2,395 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,395 Sqft ∙ Built 2001
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Linda Lee
1.702.408.5408
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243450
Last Updated: 10/30/2020
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