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

432 Bottle Brush Way Henderson, NV 89015

3 Beds 2 Baths 1,180 sqft Built 1981

$295,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $250.00
  • 3 Days on Market
  • MLS # : 2279614
  • Updated Date : 03/21/2021 at 02:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,180 sqft
  • Baths : 2 full
Listing Agent

Re/max Central

Listing Agent's Description

Don't miss this amazing home*Original owner has meticulously taken care of this house*There are numerous UPDATES and most components of the house have been replaced*Newer roof, Newer Trane AC & Heat unit*Newer Stainless Steel appliances, Beautiful high-end stove*Beautiful GRANITE like counters*Newer sink & faucets*Newer vinyl windows*3 larger bedrooms with Walk-In closets*Remodeled bathrooms with tile*Main water line is new*Newer water heater*Irrigation was all replumbed and new sprinklers added*New driveway*Large Covered Patio for outdoor living with a beautiful view of the Black Mountains*Mature Trees and Very Private yard*All 1-story homes surround*The garage has extra shelves for storage and a work bench*Exterior door from the garage to the yard*Lovely security door and New beveled glass door at the front entry*This house has truly been loved!! Plus, it is a great location for shopping, freeway access and parks! Amazing Henderson home.

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: Black Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k340k

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

Neighborhood: Black Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451825

* 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
Lyal Burkholder Middle School Middle Regular 747 34 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

Lyal Burkholder Middle School

  • Education Level: Middle
  • # of students: 747
  • # of teachers: 34
NA
GreatSchools Rating

Foothill High School

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

$265,500$324,500$295,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,025
Property Tax -$104
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
-$67

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.

$295,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$14,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,210

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,2303$1,3004$1,3505$1,495
$1,495
RENT COMPS ANALYSIS
  • 432 Bottle Brush Way Henderson, NV 2
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.04
    •  
  • 423 Leighann Henderson, NV 1
    • 3 beds 1 baths ∙ 1,247 Sqft ∙ Built 1992 3 beds 1 baths ∙ 1,247 Sqft ∙ Built 1992
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.98
    •  
  • 423 Nancy Drive Henderson, NV 3
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1994
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 412 Box Elder Way #0 Henderson, NV 4
    • 3 beds 1 baths ∙ 1,368 Sqft ∙ Built 1980 3 beds 1 baths ∙ 1,368 Sqft ∙ Built 1980
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 417 Rocky Road Henderson, NV 5
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1996
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
PROPERTY LISTING DETAILS
Heidi Winston
1.702.277.6599
Re/max Central
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279614
Last Updated: 03/21/2021
BESbswy