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491 Lace Haven Court Henderson, NV 89012

2 Beds 2 Baths 1,404 sqft Built 1996

$338,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $240.74
  • 3 Days on Market
  • MLS # : 2261304
  • Updated Date : 01/15/2021 at 22:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,404 sqft
  • Baths : 2 full
Listing Agent

Ceci Realty

Listing Agent's Description

Popular Granite model - Split-bedroom layout that make great use of sq. footage* Located on a oversized cul-de-sac lot that creates a nice private backyard setting* Nice upgrades include hardwood flooring, shutters, raised panel interior doors, tile bathroom floors* great kitchen layout with large breakfast nook with lots of natural light that access the covered back patio* Nice primary bedroom with access to covered back patio* Garage storage cabinets and laundry sink* Great location in the popular community of Sun City MacDonald Ranch Community that has an wonderful clubhouse/recreation center with heated pool and spa, tennis & pickle ball courts, bocce ball courts, fitness center, arts & crafts, restaurant, and much more!

SEE MORE

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: 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
 

$304,200$371,800$338,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,174
Property Tax -$191
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$2

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.

$338,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,320

INVESTMENT

$95,320

Down Payment
$84,500
Rehab Estimate
$5,750
Closing Costs
$5,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,174

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,500
Loan Amount $253,500
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$23,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,685

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5404$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 491 Lace Haven Court Henderson, NV 3
    • 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.10
    •  
  • 438 Golden State Street Henderson, NV 1
    • 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1996 2 beds 1 baths ∙ 1,312 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 2170 Picture Rock Avenue Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 1996
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.22
    •  
  • 433 Piute Valley Court Henderson, NV 4
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1996
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.20
    •  
  • 508 Carmel Mesa Drive Henderson, NV 5
    • 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,418 Sqft ∙ Built 1997
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.27
    •  
PROPERTY LISTING DETAILS
Gary Ceci
1.702.260.0873
Ceci Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261304
Last Updated: 01/15/2021
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