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335 Values Circle Henderson, NV 89011

3 Beds 3 Baths 2,357 sqft Built 2016

$398,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $168.86
  • 12 Days on Market
  • MLS # : 2238019
  • Updated Date : 10/23/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,357 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Gallery Of Homes

Listing Agent's Description

Turn key home in highly sought after Cadence community. Perfect front entry through gated courtyard. Modern interior color palette & finishes. Spacious downstairs area includes living room, large dining area, expansive kitchen with stainless steel appliances, upgraded backsplash, granite countertops and large island with breakfast bar. Huge walk-in pantry and office desk leading to the 2-car garage. Premium three panel sliding door leading to the covered patio out back. Ample windows which provides plenty of light throughout. Den located downstairs for office space or guest room. Great upstairs loft, laundry room conveniently located upstairs. Gorgeous master bath with separate tub and shower. Upgraded countertops throughout.

SEE MORE

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: Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k600k

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

Neighborhood: Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801929

* 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
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
8
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$358,200$437,800$398,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,468
Property Tax -$300
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
$179

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.

$398,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,220

INVESTMENT

$111,220

Down Payment
$99,500
Rehab Estimate
$5,750
Closing Costs
$5,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,500
Loan Amount $298,500
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$51,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,145

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1253$2,1404$2,1755$2,175
$2,175
RENT COMPS ANALYSIS
  • 335 Values Circle Henderson, NV 3
    • 3 beds 3 baths ∙ 2,357 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,357 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.91
    •  
  • 406 Highspot Henderson, NV 1
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2016
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.89
    •  
  • 332 Values Circle Henderson, NV 2
    • 3 beds 3 baths ∙ 2,357 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,357 Sqft ∙ Built 2016
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.90
    •  
  • 285 Resolute Henderson, NV 4
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2018
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.94
    •  
  • 398 Gracious Henderson, NV 5
    • 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2018
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.91
    •  
PROPERTY LISTING DETAILS
Trish Nash
1.702.331.3948
Signature Gallery Of Homes
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2238019
Last Updated: 10/23/2020
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