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3149 Whitfeild Avenue Henderson, NV 89044

4 Beds 4 Baths 2,266 sqft Built 2012

$385,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $169.90
  • 3 Days on Market
  • MLS # : 2252168
  • Updated Date : 12/05/2020 at 01:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,266 sqft
  • Baths : 3 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

This beautiful home located on a corner lot in Inspirada features 4 bedrooms including dual master bedrooms. All bedrooms have a walk in closet. From the foyer leads to a large, great room and then to dining room and kitchen. The kitchen offers stainless steel appliances with large center island and spacious pantry. Upstairs leads to a loft, 2nd master bedroom and a 3rd and 4th bedroom. Shutters through out on all windows. Home is walking distance to parks, community pool, coffee shop and more.

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: Inspirada

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k376k

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

Neighborhood: Inspirada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801998

* 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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Del E Webb Middle School

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

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,420
Property Tax -$285
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$255

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.

$385,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.9%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$59,149

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,175

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1503$2,1504$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 3149 Whitfeild Avenue Henderson, NV 3
    • 4 beds 4 baths ∙ 2,266 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,266 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
  • 3200 Subtle Color Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2010
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
  • 3182 Sisley Garden Avenue Henderson, NV 2
    • 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2011
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.93
    •  
  • 3199 Subtle Color Avenue Henderson, NV 4
    • 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2010
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.95
    •  
  • 3132 Nevelson Walk Henderson, NV 5
    • 4 beds 4 baths ∙ 2,266 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,266 Sqft ∙ Built 2013
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Brittany Everett
1.702.539.4369
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2252168
Last Updated: 12/05/2020
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