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35 Prairie Dog Drive Henderson, NV 89074

2 Beds 1 Baths 1,125 sqft Built 1989

$279,990

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $248.88
  • 2 Days on Market
  • MLS # : 2242899
  • Updated Date : 11/02/2020 at 02:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,125 sqft
  • Baths : 1 full
Listing Agent

Signature Realty

Listing Agent's Description

BEAUTIFUL SINGLE STORY HOME IN THE HEART OF GREEN VALLEY SOUTH! EASY ACCESS TO 215, GV RANCH, SHOPPING, ETC.. COMMUNITY POOLS AND LUSHLY LANDSCAPED COMMON AREAS. TRULY A LOVELY NEIGHBORHOOD! REAL GRASS IN FRONT YARD WITH FRONT IRRIGATION AND FRONT LANDSCAPING INCLUDED IN HOA FEE! HOME HAS NO NEIGHBOR BEHIND AND AN OVERSIZED POOL SIZED LOT. 2 BEDROOMS PLUS DEN (COULD BE 3RD BED). VAULTED CEILINGS IN GREAT ROOM AND MASTER BEDROOM, TILE FLOORING IN MOST AREAS, RENOVATED CUSTOM TILED BATHROOMS, GORGEOUS MASTER SHOWER, 2 CAR GARAGE, HVAC REPLACED 5YRS, NEW DRIVEWAY AND SIDEWALK. NEWER WATER HEATER. TRADITIONAL SALE. PER SELLER, HOA ALLOWS SHORT TERM RENTALS. EXCELLENT OPPORTUNITY TO GET INTO GREEN VALLEY / HENDERSON UNDER 300K! COVERED PATIO WITH CEILING FAN. ACCESS TO REAR YARD FROM GREAT ROOM AND MASTER BEDROOM. CABINETS IN GARAGE. VERY WELL MAINTAINED HOME!

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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 South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
 

$251,991$307,989$279,990

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$1,033
Property Tax -$137
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
-$238

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.

$279,990

PROJECTED PRICE

$1,100

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,947

INVESTMENT

$79,947

Down Payment
$69,998
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,998
Loan Amount $209,993
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,840

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,125

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2253$1,2504$1,2955$1,300
$1,300
RENT COMPS ANALYSIS
  • 35 Prairie Dog Drive Henderson, NV 1
    • 2 beds 1 baths ∙ 1,125 Sqft ∙ Built 1989 2 beds 1 baths ∙ 1,125 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.98
    •  
  • 161 Tapatio #32 Henderson, NV 2
    • 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 1995
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.00
    •  
  • 2826 Crystal Lantern Drive Henderson, NV 3
    • 2 beds 2 baths ∙ 1,247 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,247 Sqft ∙ Built 1992
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
  • 2618 Pebblegold Avenue Henderson, NV 4
    • 2 beds 3 baths ∙ 1,287 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,287 Sqft ∙ Built 1996
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.01
    •  
  • 108 Blackberry Henderson, NV 5
    • 2 beds 3 baths ∙ 1,311 Sqft ∙ Built 1986 2 beds 3 baths ∙ 1,311 Sqft ∙ Built 1986
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.99
    •  
PROPERTY LISTING DETAILS
Tamara J Townsend
1.702.808.7187
Signature Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242899
Last Updated: 11/02/2020
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