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3192 Fern Nook Avenue Henderson, NV 89052

4 Beds 3 Baths 2,760 sqft Built 2017

$535,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $193.84
  • 9 Days on Market
  • MLS # : 2274489
  • Updated Date : 03/12/2021 at 17:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,760 sqft
  • Baths : 2 full , 1 half
Listing Agent

Paragon Premier Properties

Listing Agent's Description

Buy new without the cost or the wait! Meticulously maintained gated 4 bed + loft in the heart of West Henderson adjacent to fabulous Seven Hills, shopping and the newly developing St. Rose Square! Tucked away from St. Rose allows quick access to anywhere in the valley without the noise. Modern tile flooring & exquisite color scheme throughout. Open home office area is great for homeschooling. Upstairs loft has its own bath, making a great game/movie room. Garage has epoxy flooring & ceiling storage. Backyard is efficiently designed to entertain w/o the maintenance. Enjoy the benefits of a community pool and parks and nearby jogging/bike trails. Looking forward to showing you and your clients this beautiful home!

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: 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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,858
Property Tax -$358
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
$24

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.

$535,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.46%

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$1.4M$1.6M$1.8M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$37,391

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,539

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,5003$2,5504$2,7005$2,795
$2,795
RENT COMPS ANALYSIS
  • 3192 Fern Nook Avenue Henderson, NV 1
    • 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.88
    •  
  • 2922 Tremont Avenue Henderson, NV 2
    • 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2018
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 853 Middle Valley Street Henderson, NV 3
    • 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,775 Sqft ∙ Built 2010
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.92
    •  
  • 2919 Caxton Grove Drive Henderson, NV 4
    • 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.92
    •  
  • 2927 Tremont Avenue Henderson, NV 5
    • 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Enrique B Romano
1.702.703.4487
Paragon Premier Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2274489
Last Updated: 03/12/2021
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