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558 Dusty Palms Lane Henderson, NV 89052

3 Beds 3 Baths 2,067 sqft Built 2002

INVESTimate

$399,888

List Price

$1,720

$1,548 - $1,892

Rent Est.

$435,718  ( +8.96%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $193.46
  • 11 Days on Market
  • MLS # : 2222407
  • Updated Date : 08/19/2020 at 13:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,067 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rothwell Gornt Companies

Listing Agent's Description

Gardeners rejoice!*You can now buy this custom greenhouse with climate control, ridge vents, automated timers, and drip system*And, the house comes with it!*Original owner has kept this meticulously maintained*Master bedroom downstairs*Huge loft/game room upstairs*Kitchen with island and granite counters*Stucco covered back patio*Storage shed*Possible RV parking*3 car garage with epoxy flooring*Corner lot in cul-de-sac*Choice location to best schools, shopping, medical facilities, easy access to freeway*

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: Southfork

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Neighborhood: Southfork

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10802255

* 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
Glen C. Taylor Elementary School Primary Regular 961 46 9
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

Glen C. Taylor Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 46
9
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
 

$359,899$439,877$399,888

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,475
Property Tax -$248
Property Insurance -$67
HOA -$55
Property Management Fees -$119
CASH FLOW
-$244

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.

$399,888

PROJECTED PRICE

$1,720

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.96%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,720

INVESTMENT

$111,720

Down Payment
$99,972
Rehab Estimate
$5,750
Closing Costs
$5,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,972
Loan Amount $299,916
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$10,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7203$1,8254$1,9505$1,999
$1,999
RENT COMPS ANALYSIS
  • 558 Dusty Palms Lane Henderson, NV 2
    • 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.83
    •  
  • 516 Red Shale Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2002
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.88
    •  
  • 2352 Kenneth Avenue Henderson, NV 3
    • 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,084 Sqft ∙ Built 1999
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.88
    •  
  • 749 Feather Ridge Drive #0 Henderson, NV 4
    • 4 beds 4 baths ∙ 2,022 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,022 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 681 Quiet Stream Court Henderson, NV 5
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 1998
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.95
    •  
PROPERTY LISTING DETAILS
Ryan Crighton
1.702.379.7473
Rothwell Gornt Companies
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222407
Last Updated: 08/19/2020
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