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441 Viewmont Drive Henderson, NV 89015

3 Beds 2 Baths 1,459 sqft Built 1994

$305,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $209.05
  • 3 Days on Market
  • MLS # : 2255248
  • Updated Date : 12/12/2020 at 14:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,459 sqft
  • Baths : 2 full
Listing Agent

Polaris Realty

Listing Agent's Description

Great 3-bedroom 2 bath SINGLE STORY floor plan with RV PARKING*Located in Henderson, just nominated as the 2’nd safest large city in the US, in a NON-HOA subdivision and minutes from The Water Street District. Offering excellent separation between the master bedroom and the secondary bedrooms, this floor plan was designed to ensure there is plenty of space for together time and plenty of refuge for private time. In addition to these amenities, this terrific home boasts the following: Great room with FIREPLACE*Dining room*Kitchen with GRANITE COUNTERS and STAINLESS APPLIANCES INCLUDED*Breakfast nook*Ceramic Tile*Wood flooring*COVERED PATIO*and is surrounded by parks, cycling/walking paths, close to great shopping at the Green Valley Ranch District and Galleria Mall as well as being in a great location to access Lake Mead Recreation Area and all of the amazing outdoor entertainment it provides. Please follow the virtual tour link for a 3D virtual walk through.

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: 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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,125
Property Tax -$166
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$144

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.

$305,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.53%

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$40,348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5004$1,6005$1,610
$1,610
RENT COMPS ANALYSIS
  • 441 Viewmont Drive Henderson, NV 5
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.10
    •  
  • 446 Viewmont Drive Henderson, NV 1
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1994
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 417 Rocky Road Henderson, NV 2
    • 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,369 Sqft ∙ Built 1996
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 470 Wright Way Henderson, NV 3
    • 3 beds 1 baths ∙ 1,368 Sqft ∙ Built 1996 3 beds 1 baths ∙ 1,368 Sqft ∙ Built 1996
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.10
    •  
  • 479 Opal Drive Henderson, NV 4
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 1994
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.10
    •  
PROPERTY LISTING DETAILS
Rob Turney
1.702.336.8595
Polaris Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255248
Last Updated: 12/12/2020
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