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43 Vallejo Verde Street Henderson, NV 89012

3 Beds 2 Baths 1,716 sqft Built 1999

INVESTimate

$365,000

List Price

$1,560

$1,404 - $1,716

Rent Est.

$399,785  ( +9.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $212.70
  • 5 Days on Market
  • MLS # : 2223707
  • Updated Date : 08/22/2020 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full
Listing Agent

Compass Realty & Management, L

Listing Agent's Description

THE BEST HENDERSON has to offer is featured in this gorgeous 1 story, 3 car garage, no HOA, pool size private backyard, centrally located off Gibson & the 215 with easy access to the 515 to get anywhere fast. Close to the best shopping, restaurants, parks & other great amenities. So many upgrades u will love the spacious kitchen with hard wood floors, island with breakfast nook, custom cabinets with an abundance of counter space accented with beautiful granite decor making each cooking experience a joy. off the kitchen is the huge open floor plan living room/family room combination. From the living room going forward to the sliding glass doors outside to a tranquil & relaxing patio, pool size private backyard with real grass & mature landscaping. From the family room going down the hallway a full bathroom & separate laundry room with 3 over sized bedrooms the master bedroom has a giant walkin closet & the master bath has dual sinks separate shower & tub. This property is an A+

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: McCullough Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k366k

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

Neighborhood: McCullough Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801914

* 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
Ulis Newton Elementary School Primary Regular 611 35 7
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

Ulis Newton Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 35
7
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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,347
Property Tax -$215
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$181

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.

$365,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.53%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,856

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,574

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5453$1,5604$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 43 Vallejo Verde Street Henderson, NV 3
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.91
    •  
  • 127 Montesol Henderson, NV 1
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1999
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 89 Day Trade Street #3 Henderson, NV 2
    • 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 2003
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.96
    •  
  • 978 Ashford Hollow Avenue Henderson, NV 4
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2006
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 675 Pacific Cascades Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2000
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Douglas R Johnson
1.702.371.5362
Compass Realty & Management, L
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223707
Last Updated: 08/22/2020
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