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529 Bastanchury Avenue Henderson, NV 89011

4 Beds 2 Baths 1,248 sqft Built 1983

$275,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $220.35
  • 10 Days on Market
  • MLS # : 2270387
  • Updated Date : 02/25/2021 at 00:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,248 sqft
  • Baths : 2 full
Listing Agent

Century 21 Americana

Listing Agent's Description

Great 4 bedroom. 2 car garage. nice size lot. Covered patio. Fireplace in great room, all appliances stay, desert landscape, ready to go. Very clean and well kept.

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: Pittman

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $72k340k

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

Neighborhood: Pittman

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7911825

* 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
Edna F. Hinman Elementary School Primary Regular 647 41 5
Lyal Burkholder Middle School Middle Regular 747 34 NA
Basic High School High Regular 2,367 100 3

Edna F. Hinman Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 41
5
GreatSchools Rating

Lyal Burkholder Middle School

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

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$955
Property Tax -$106
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$218

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$37,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,429

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4503$1,4754$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 529 Bastanchury Avenue Henderson, NV 2
    • 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,248 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.16
    •  
  • 529 Close Avenue Henderson, NV 1
    • 4 beds 1 baths ∙ 1,248 Sqft ∙ Built 1982 4 beds 1 baths ∙ 1,248 Sqft ∙ Built 1982
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.12
    •  
  • 525 Holick Avenue Henderson, NV 3
    • 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,229 Sqft ∙ Built 1983
    property image
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.20
    •  
  • 1901 Margarita Avenue Henderson, NV 4
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1995
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.16
    •  
  • 551 Liverpool Henderson, NV 5
    • 4 beds 2 baths ∙ 1,415 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,415 Sqft ∙ Built 1988
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
PROPERTY LISTING DETAILS
Becci B Hadfield
1.702.491.7691
Century 21 Americana
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270387
Last Updated: 02/25/2021
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