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536 Ancient Mayan Drive Henderson, NV 89015

4 Beds 3 Baths 2,270 sqft Built 1995

$369,500

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $162.78
  • 7 Days on Market
  • MLS # : 2250420
  • Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,270 sqft
  • Baths : 2 full , 1 half
Listing Agent

Love Local Real Estate

Listing Agent's Description

Marvelous home on large lot, featuring 4 bedrooms 2.5 Baths built in cabinet and bookshelf in family room with glass door fireplace. Formal living room/Dining with cathedral ceilings and wood floors. Spacious kitchen w/ island, desk, recessed lighting, Garden window, & SS Stove and dishwasher. Lrg Master suite with his and her closets. New tile upstairs. Sun Room brings natural light to the entire downstairs area. Large backyard with grass and patio cover. Brand new downstairs A/C unit. Front yard is newly redone. No HOA! Near parks and schools.

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: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9911875

* 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
Sue Morrow Elementary School Primary Regular 734 38 9
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Sue Morrow Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 38
9
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

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

$332,550$406,450$369,500

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 -$1,363
Property Tax -$208
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$11

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.

$369,500

PROJECTED PRICE

$1,750

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,668

INVESTMENT

$103,668

Down Payment
$92,375
Rehab Estimate
$5,750
Closing Costs
$5,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,363

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,375
Loan Amount $277,125
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$29,198

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
  • $0.77

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,7504$1,7955$1,945
$1,945
RENT COMPS ANALYSIS
  • 536 Ancient Mayan Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 509 Landra Lane Henderson, NV 1
    • 3 beds 3 baths ∙ 2,179 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,179 Sqft ∙ Built 1994
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 1034 Beaver Crest Terrace Henderson, NV 2
    • 3 beds 2 baths ∙ 2,321 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,321 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
  • 1054 Atticus Avenue #0 Henderson, NV 4
    • 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 2001
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 581 Broomspun Street Henderson, NV 5
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.80
    •  
PROPERTY LISTING DETAILS
Molly Hilsabeck
1.702.403.0129
Love Local Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250420
Last Updated: 11/28/2020
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