Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3156 Morning Whisper Drive Henderson, NV 89052

4 Beds 3 Baths 1,879 sqft Built 2001

$424,888

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $226.12
  • 4 Days on Market
  • MLS # : 2246049
  • Updated Date : 11/06/2020 at 13:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,879 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart Encore

Listing Agent's Description

Shows like a model on a premium elevated lot in prestegious gated Seven Hills w/strip and city views, sparkling pool w/waterfall, covered patio, desert & lush green landscaping, BBQ Gas Stub, designer finishes & features, all appliances included, formal living & dining, kitchen w/granite counters & Island, Sep Tub/Shower in Primary bath, huge w/i closet in Primary Bedroom, located in top-rated school Dist. in Henderson, Close to brand new shopping centers incl. Costco, Raiders Training facility, Saint Rose Hospital, and Interstate 15 and 215 Freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$382,399$467,377$424,888

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,568
Property Tax -$247
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$297

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.

$424,888

PROJECTED PRICE

$1,700

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$118,345

INVESTMENT

$118,345

Down Payment
$106,222
Rehab Estimate
$5,750
Closing Costs
$6,373

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,222
Loan Amount $318,666
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,857

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6953$1,7004$1,7005$1,775
$1,775
RENT COMPS ANALYSIS
  • 3156 Morning Whisper Drive Henderson, NV 4
    • 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 1598 Raining Hills Street #0 Henderson, NV 1
    • 3 beds 3 baths ∙ 1,879 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,879 Sqft ∙ Built 2001
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.84
    •  
  • 1583 Raining Hills Street Henderson, NV 2
    • 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 2001
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 3124 Whispering Canyon Court Henderson, NV 3
    • 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 2001
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 1575 Autumn Hill Street Henderson, NV 5
    • 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,879 Sqft ∙ Built 2000
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.94
    •  
PROPERTY LISTING DETAILS
Wanda G Ockey
1.702.604.0999
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246049
Last Updated: 11/06/2020
BESbswy