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

333 Balsa Street Henderson, NV 89002

4 Beds 3 Baths 2,194 sqft Built 1979

$389,999

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $177.76
  • 3 Days on Market
  • MLS # : 2249754
  • Updated Date : 11/20/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,194 sqft
  • Baths : 2 full , 1 half
Listing Agent

Congress Realty

Listing Agent's Description

4bd, 3 ba Henderson home w pool backyard! 2194sf home is on the largest lot on the block w fresh int/ext paint, remodeled bathrooms, a chef’s KIT, new upstairs carpet & primary suite balcony! Low maintenance landscaping, covered front porch & dbl door entry. Tile flooring, bright natural light & formal sitting room. DR w access to the backyard through French doors. KIT w granite countertops, SS appliances, center island, pendant lights & wood cabinets! Stone accents in LR w fp & sliding glass doors to backyard. Half bath. Primary suite w private balcony, wood laminate flooring, granite countertop vanity & WI-glass door shower! 3bdrms share hallway bath w granite countertop vanity & tiled shower/jacuzzi tub. Bonus loft area. Covered patio & BI-grill kitchen! Patio overlooks 12’ deep resort style pool w spa & diving board, pebble filled open space! Central AC/Forced Air heating. Dbl paned windows. New roof & water heater. 2 car garage. RV/boat parking on sides of home!

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: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k340k

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

Neighborhood: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9181825

* 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
Fay Galloway Elementary School Primary Regular 691 36 6
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

Fay Galloway Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 36
6
GreatSchools Rating

Jack And Terry Mannion Middle School

  • Education Level: Middle
  • # of students: 1,523
  • # of teachers: 62
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$350,999$428,999$389,999

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 -$1,439
Property Tax -$171
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$99

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.

$389,999

PROJECTED PRICE

$1,700

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 11.2%
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$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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,499
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$22,442

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
  • $0.77

    LIST RENT PER SQFT
  • $1,739

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5953$1,7004$1,7005$2,000
$2,000
RENT COMPS ANALYSIS
  • 333 Balsa Street Henderson, NV 4
    • 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,194 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.77
    •  
  • 447 Wheaton Henderson, NV 1
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 1981
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 861 Coral Cottage Drive Henderson, NV 2
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1994
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 855 Coach House Road Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,018 Sqft ∙ Built 1994
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 369 Country Club Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 2,489 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,489 Sqft ∙ Built 1994
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jared A English
1.888.229.2009
Congress Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249754
Last Updated: 11/20/2020
BESbswy