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415 Indigo Springs Street Henderson, NV 89014

3 Beds 3 Baths 3,011 sqft Built 1996

$750,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $249.09
  • 7 Days on Market
  • MLS # : 2255328
  • Updated Date : 12/21/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,011 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

STUNNING RESORT VILLA HOME LOACTED IN A GUARD GATED GREEN VALLEY COMMUNITY, 3 BEDROOMS. 2 ARE PRIMARY BEDROOMS WITH FULL BATHS ,1 DOWN AND 1 UP STAIRS WITH GAS FIRE PLACE, SITTING AREA WITH BALCONY OVERLOOKING GOLF COURSE AND POND. TOTAL REMODEL WITH A TOUCH OF CLASS, UPGRADES GALORE , HUNTER DOUGLAS ELECTRIC SHUTTERS , PLANTAIN SHUTTERS , GRANITE COUNTER TOPS THROUGHOUT THE HOME. NEW FLOORING , CROWN MOLDING , CABINETS, TANKLESS WATER HEATER , NEW HVAC SYSTEM, WATER FILTER ELIMINATION SYSTEM, TILE AND CARPET FLOORING , NEW WINDOWS , CUSTOM APPLIANCES , ALL NEW LIGHT FIXTURES , BLUETOOTH CENTRAL AUDIO COMMUNICATION SYSTEM , TOTAL UPGRADED ON ALL BATHROOMS , LAUNDRY ROOM , LOTS OF STORAGE , TRUE CRYSTAL GLASS CHANDELIER WITH ATTIC MOUNTED CRANE , WET BAR , 2 WAY GAS FP IN FAMILY AND KITCHEN ALL NEW OUTDOOR BBQ ISLAND, OUTDOOR COBBLESTONE FLOORING , ALL NEW LANDSCAPING , IRRIGATION , COURTYARD , NEW INTERIOR/EXTERIOR PAINT AND LOTS MORE.

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: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Green Valley North

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
Estes M. Mcdoniel Elementary School Primary Regular 556 34 7
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Estes M. Mcdoniel Elementary School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 34
7
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,767
Property Tax -$357
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
-$838

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.

$750,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,603

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,552

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3503$2,4904$2,7005$3,000
$3,000
RENT COMPS ANALYSIS
  • 415 Indigo Springs Street Henderson, NV 3
    • 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,011 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.83
    •  
  • 306 Lindbrook Street #0 Henderson, NV 1
    • 4 beds 2 baths ∙ 2,783 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,783 Sqft ∙ Built 2000
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 2223 Midvale Terrace Henderson, NV 2
    • 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 1995
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
  • 2367 Thayer Henderson, NV 4
    • 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1999
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.87
    •  
  • 2058 Sutton Way Henderson, NV 5
    • 3 beds 4 baths ∙ 3,096 Sqft ∙ Built 1989 3 beds 4 baths ∙ 3,096 Sqft ∙ Built 1989
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tandi Huizenga
1.702.878.7263
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255328
Last Updated: 12/21/2020
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