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493 Lace Haven Court Henderson, NV 89012

2 Beds 2 Baths 1,997 sqft Built 1996

$450,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $225.34
  • 7 Days on Market
  • MLS # : 2264292
  • Updated Date : 02/02/2021 at 01:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,997 sqft
  • Baths : 2 full
Listing Agent

Re/max Advantage

Listing Agent's Description

Scintillating Sun City Mac Ranch home - 1st time on the resale market! Ideal cul-de-sac location on a 1/4 acre EZ car lot. Expansive plan offers 2 bedrooms PLUS den, formal rooms and a wide open kitchen / family room. Appreciate the tile floors in all the traffic areas. Be enlightened by the sky lights in the bath. Love the super sized primary bedroom with bay window setting and accompanying ensuite with double sinks and separate tub / shower plus walk-in. Its awesome! Outdoor living? Enjoy the privacy of this big ol' yard. Its ready for new ideas. Sun City Mac Ranch is a 55+ community - clubhouse activities, dining, a fantastically fun golf course, swimming and much more. Only a 1.5 miles to the District and Green Valley Ranch public amenities.

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,563
Property Tax -$238
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$14

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.

$450,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.44%

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$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$31,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,022

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,7503$1,8004$1,9995$2,000
$2,000
RENT COMPS ANALYSIS
  • 493 Lace Haven Court Henderson, NV 5
    • 2 beds 2 baths ∙ 1,997 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,997 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 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
    •  
  • 2045 High Mesa Drive Henderson, NV 3
    • 2 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 2074 High Mesa Drive Henderson, NV 4
    • 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
Timothy P Kuptz
1.702.896.5500
Re/max Advantage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264292
Last Updated: 02/02/2021
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