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461 Stovall Cress Court Henderson, NV 89012

2 Beds 2 Baths 1,865 sqft Built 1998

$499,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $267.56
  • 10 Days on Market
  • MLS # : 2258581
  • Updated Date : 01/06/2021 at 14:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,865 sqft
  • Baths : 2 full
Listing Agent

Windermere Prestige Properties

Listing Agent's Description

Welcome home to this gracefully upgraded Sun City MacDonald Ranch beauty located at the top of a cul-de-sac on a fully fenced 1/3 acre lot! This popular "Terrravita" model offers 1865sf 2 bed/2 bath with DEN. The front courtyard w/fountain invites you into a fully renovated interior w/12x24 grey tile throughout & new bedroom carpet. Kitchen offers SS appliances, white cabinets w/roll outs, contrasting granite counters & decorative backsplash. Both baths have been updated w/similar upgraded materials. The large covered patio w/beautifully tiled built-in BBQ overlooks an immense, low maintenance park-like backyard. Relax knowing that solar screens, motorized patio shades, shutters, new insulated garage door, new attic vents & new hot water heater improves home's efficiency. SC MacDonald Ranch offers wonderful access to the airport, shopping & all of life's necessities as well as 18-hole golf, fitness, pool, spa, bocce ball, pickleball, tennis restaurant & much more! This home won't last!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sun City MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Sun City MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10011875

* 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,733
Property Tax -$240
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$275

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.

$499,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$1.0M$1.2M$1.4M$1.6M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$12,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,916

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,7503$1,7504$1,8805$1,999
$1,999
RENT COMPS ANALYSIS
  • 461 Stovall Cress Court Henderson, NV 4
    • 2 beds 2 baths ∙ 1,865 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,865 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.01
    •  
  • 1853 Eagle Mesa Avenue Henderson, NV 1
    • 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.92
    •  
  • 1800 Eagle Mesa Avenue Henderson, NV 2
    • 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 1825 Tiger Creek Avenue Henderson, NV 3
    • 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 2074 High Mesa Drive Henderson, NV 5
    • 2 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.09
    •  
PROPERTY LISTING DETAILS
Nicole Terry
1.702.994.9541
Windermere Prestige Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258581
Last Updated: 01/06/2021
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