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57 Desert Dawn Lane 
Henderson, NV
89074
3 Beds 3 Baths 1,742 sqft
Built 1995
INVESTimate
$349,900
List Price
$98,474
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $200.86
- 3 Days on Market
- MLS # : 2224472
- Updated Date : 08/24/2020 at 18:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,742 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Advantage
Listing Agent's Description
Remodeled Green Valley beauty! 3 bedrooms with a loft and 2.5 baths with a living room, dining room and family room! Modern gray tile floors, gray carpet, window shutters thru out, quartz counters in the kitchen with stainless appliances, recently remodeled master bath with new tile and quartz counter tops, and the garage has built in cabinets! Backyard overlooks the Pittman wash, with no rear neighbors! Such a great home zoned for excellent schools, close to freeway, shopping and dining!
SEE MORE
- 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: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$195 | |
| Property Insurance | -$61 | |
| HOA | -$113 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$179
|
||
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.
$349,900
PROJECTED PRICE
$1,600
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.88% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
3.42
YEARS SAVED
$11,891
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,611
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
57 Desert Dawn Lane Henderson, NV 1
- 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1549 Blue Sierra Court #0 Henderson, NV 2
- 3 beds 3 baths ∙ 1,832 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,832 Sqft ∙ Built 2007
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
1553 Red Canal Court Henderson, NV 3
- 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2007
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,599
- $0.90
-
55 Desert Dawn Lane Henderson, NV 4
- 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 1995
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,600
- $0.94
-
1618 Navajo Point Place Henderson, NV 5
- 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,706 Sqft ∙ Built 1994
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,695
- $0.99
PROPERTY LISTING DETAILS
1.702.265.7063
Re/max Advantage
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224472
Last Updated: 08/24/2020
