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3230 Cooper Creek Drive Henderson, NV 89074

3 Beds 3 Baths 2,106 sqft Built 1994

$432,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $205.13
  • 33 Days on Market
  • MLS # : 2241378
  • Updated Date : 11/20/2020 at 14:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,106 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

LOCATION, LOCATION,LOCATION! DOWNSTAIRS PRIMARY BEDROOM & BATH! ACCESS TO PATIO AND PRIVATE POOL. LOW MAINTAINCE BACKYARD. GOURMET KITCHEN, STAINLESS APPLIANCES, VAULTED CEILINGS, LOFT, 3 CAR GARAGE, WOOD BLINDS, UPGRADED CEILING FANS. CLOSE TO PITTMAN WASH TRAILS. NEARBY SHOPPING & RESTURANTS. EASY ACCESS TO 215 FWY. EVERYONE LOVES IT THE MINUTE THEY WALK OVER THE THRESHOLD!

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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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $112k340k

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

Neighborhood: Paradise

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
Aggie Roberts Elementary School Primary Regular 805 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Aggie Roberts Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$388,800$475,200$432,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,594
Property Tax -$221
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$172

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.

$432,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,230

INVESTMENT

$120,230

Down Payment
$108,000
Rehab Estimate
$5,750
Closing Costs
$6,480

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,000
Loan Amount $324,000
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$19,257

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,8254$1,8305$1,995
$1,995
RENT COMPS ANALYSIS
  • 3230 Cooper Creek Drive Henderson, NV 4
    • 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.87
    •  
  • 3110 Cooper Creek Drive Henderson, NV 1
    • 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,106 Sqft ∙ Built 1994
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 76 Chesney Drive Henderson, NV 2
    • 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,107 Sqft ∙ Built 1986
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 55 Westheimer Henderson, NV 3
    • 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.86
    •  
  • 41 Westheimer Road Henderson, NV 5
    • 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 1987
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jamie Jette
1.702.539.1185
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2241378
Last Updated: 11/20/2020
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