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317 Templeton Drive Henderson, NV 89074

3 Beds 2 Baths 1,694 sqft Built 1989

INVESTimate

$319,999

List Price

$1,560

$1,404 - $1,716

Rent Est.

$349,599  ( +9.25%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $188.90
  • 9 Days on Market
  • MLS # : 2222864
  • Updated Date : 08/18/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,694 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Single story in the heart of Green Valley. Brand new AC unit in 2020. Low HOA only $12 a month. This was a 4 bedroom home and one wall was removed to create a really large 3 bedroom (easily converted back to a 4bed) Covered patio in huge back yard, lot over 6500 sq ft. Only minutes from the freeway, or The District. All kitchen appliances were replaced 3 years ago. Best Value of any 1 story in Green Valley.

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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: 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
 

$287,999$351,999$319,999

PURCHASE PRICE

$1,404$1,716$1,560

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

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,181
Property Tax -$169
Property Insurance -$60
HOA -$34
Property Management Fees -$119
CASH FLOW
-$2

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.

$319,999

PROJECTED PRICE

$1,560

PROJECTED RENT

0.49%

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $239,999
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$25,144

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5603$1,5994$1,6005$1,725
$1,725
RENT COMPS ANALYSIS
  • 317 Templeton Drive Henderson, NV 2
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.92
    •  
  • 346 Montcliff Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1988
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.97
    •  
  • 310 Tuscany Court Henderson, NV 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1991
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.91
    •  
  • 2332 Danville Court Henderson, NV 4
    • 4 beds 3 baths ∙ 1,789 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,789 Sqft ∙ Built 1988
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 2358 Mabee Court Henderson, NV 5
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1991
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.98
    •  
PROPERTY LISTING DETAILS
Earl E White
1.702.465.8869
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222864
Last Updated: 08/18/2020
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