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533 Carnforth Drive Henderson, NV 89014

3 Beds 2 Baths 1,806 sqft Built 1984

$439,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $243.58
  • 4 Days on Market
  • MLS # : 2278876
  • Updated Date : 03/20/2021 at 00:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,806 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Move in ready is an understatement-updated,upgraded,meticulously maintained&presented-tasteful decor w/character thruout.Kitchen w/island,newer cabs w/rising mixer counter,quartz counters,appliances,can lights(remodel 2014).Master bed/bath remodel2008 converting tub to closet/storage.Fan/light/closet organizer in all beds.Interior laundry w/cabs/counter.Inviting fully fenced ez clean fiberglas pool/spa&builtin BBQ&counters under stucco tiled roof covered patio complete w/rolled shades just in time for pool season.Rest assured you'll be able to relax&play-all work has been done:new windows&sliders-2015,kool deck resurfaced 2016,roof replaced 2017,HVAC replaced 2017, exterior&gates painted 2018,interior trim&doors painted 2020.Garage cabinets installed 2016 into larger 2 car w/outside access door.Grundfos hot water system.Desirable neighborhood in original Green Valley-walk to area park w/walking/biking trail,playground&elementary school.Access to services&shopping.Hurry-won't last!

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: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
Estes M. Mcdoniel Elementary School Primary Regular 556 34 7
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Estes M. Mcdoniel Elementary School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 34
7
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,528
Property Tax -$235
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$194

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.

$439,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,944

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,7004$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 533 Carnforth Drive Henderson, NV 4
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 370 Santali Henderson, NV 1
    • 3 beds 1 baths ∙ 1,690 Sqft ∙ Built 1986 3 beds 1 baths ∙ 1,690 Sqft ∙ Built 1986
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 402 Lost Trail Drive Henderson, NV 2
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1990
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 2559 Kilmaron Circle Henderson, NV 3
    • 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,822 Sqft ∙ Built 1988
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 1817 Quarley Place Henderson, NV 5
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1987
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.05
    •  
PROPERTY LISTING DETAILS
Nick Lorenz
1.702.324.9163
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278876
Last Updated: 03/20/2021
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