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316 Lindbrook Street Henderson, NV 89074

4 Beds 2 Baths 2,501 sqft Built 2000

INVESTimate

$549,900

List Price

$1,890

$1,701 - $2,079

Rent Est.

$600,766  ( +9.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $219.87
  • 2 Days on Market
  • MLS # : 2224675
  • Updated Date : 08/25/2020 at 19:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,501 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

Over $100,000 in customized elegance with a sprinkle of flare located in Green Valley South. This large single story, 4 bed, 3 bath home with a 3-car garage and private, pool sized lot is a must-see for those looking for quality, inside and out! The expanded kitchen has been upgraded with a large island, granite countertops, and custom cabinetry with soft-close drawers and pull-out shelves. Eat-in kitchen space as well as a formal dining area for entertaining. Three-sided fireplace creates ambiance that can be enjoyed from anywhere in the living areas. 20" x 20" Venice crema tile flooring throughout, plantation shutters, solar screens, and a new Trane air-conditioning system unit put in only four years ago. Need a lime for that drink or some lemons for home made lemonade? Maybe some fresh peaches for a fall pie? Just grab one out of your backyard! On top of all the built-in storage in the 3-car garage, the backyard has a large, sturdy Tuff shed for even more storage.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
Nate Mack Elementary School Primary Regular 613 37 9
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Nate Mack Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 37
9
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$2,029
Property Tax -$294
Property Insurance -$76
HOA -$25
Property Management Fees -$119
CASH FLOW
-$652

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.

$549,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.25%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,995

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8703$1,8904$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 316 Lindbrook Street Henderson, NV 3
    • 4 beds 2 baths ∙ 2,501 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,501 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.76
    •  
  • 2346 Tilden Way #0 Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,352 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,352 Sqft ∙ Built 1998
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 2042 Angel Falls Drive Henderson, NV 2
    • 4 beds 2 baths ∙ 2,409 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,409 Sqft ∙ Built 1990
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.78
    •  
  • 212 Thurston Henderson, NV 4
    • 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,391 Sqft ∙ Built 2001
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 1950 Nuevo Road Henderson, NV 5
    • 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,363 Sqft ∙ Built 1987
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Angie M Hatcher
1.702.461.2016
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224675
Last Updated: 08/25/2020
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