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315 Pleasant Summit Drive Henderson, NV 89012

4 Beds 3 Baths 3,181 sqft Built 2000

$620,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $194.91
  • 17 Days on Market
  • MLS # : 2268131
  • Updated Date : 02/19/2021 at 10:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,181 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*RECENTLY PAINTED OUTSIDE* AMAZING CURB APPEAL*OPEN AND AIRY FLOOR PLAN* SHUTTERS ON MOST WINDOWS*SPARKLING POOL IN BACKYARD*ARTIFICIAL TURF AND ROCK IN BACK FOR LOW MAINTENANCE*STUCCO COVERED PATIO WITH BUILT IN BBQ*GRANITE COUNTER TOPS AND TILE FLOOR, ISLAND IN KITCHEN*FAMILY ROOM WITH FAN AND FIREPLACE AND BUILT IN BAR* DOWNSTAIRS OFFICE AND FULL BATH*3 FULL BATHS* HUGE MASTER SUITE WITH SITTING ROOM*WALK IN CLOSET LARGE GARDEN TUB AND SEP SHOWER AND 2 SINKS*SPACIOUS GAME ROOM UPSTAIRS*

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: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k396k

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

Neighborhood: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802045

* 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$2,153
Property Tax -$367
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
$242

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.

$620,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$65,267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,974

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9503$2,9704$3,2005$3,500
$3,500
RENT COMPS ANALYSIS
  • 315 Pleasant Summit Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,181 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.93
    •  
  • 292 Antelope Village Circle Henderson, NV 1
    • 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1998
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.84
    •  
  • 2060 Rawhide Village Court Henderson, NV 2
    • 4 beds 3 baths ∙ 3,503 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,503 Sqft ∙ Built 1999
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.84
    •  
  • 232 Chestnut Ridge Circle Henderson, NV 4
    • 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 1995
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.06
    •  
  • 2021 Trailside Village Avenue Henderson, NV 5
    • 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1996
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268131
Last Updated: 02/19/2021
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