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589 Decidedly Street Henderson, NV 89015

4 Beds 2 Baths 2,110 sqft Built 1998

$351,990

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $166.82
  • 9 Days on Market
  • MLS # : 2260621
  • Updated Date : 01/13/2021 at 22:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,110 sqft
  • Baths : 2 full
Listing Agent

Executive Realty Services

Listing Agent's Description

Traditional Sale: This beautiful 1-story well-kept 4 bed/2 bath/3 car garage is located in a well-maintained neighborhood. The welcoming front entry is enhanced with a living room/formal dining room combo, with vaulted ceilings. The separate family room is open to the kitchen, with a benched sitting nook area and breakfast bar. There is a walk-in pantry with dual entry from the kitchen and hallway. There are pot shelves and window coverings throughout. The large master has a double door entry, with separate his & her walk-in closets, separate sinks, and separate tub and shower. The MBR also has a sliding patio door that exits to the really cozy and private backyard, that has mountain and some strip views. There is also a covered patio and a mature landscape. The separate laundry room has shelve, cabinet and a counter top. The water softener system and reverse osmosis (in kitchen) convey with the home. Buyer to verify Buyers will not be disappointed!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$316,791$387,189$351,990

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,223
Property Tax -$218
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$142

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.

$351,990

PROJECTED PRICE

$1,770

PROJECTED RENT

0.50%

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$99,027

INVESTMENT

$99,027

Down Payment
$87,998
Rehab Estimate
$5,750
Closing Costs
$5,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,998
Loan Amount $263,993
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$37,003

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,783

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7354$1,7705$1,795
$1,795
RENT COMPS ANALYSIS
  • 589 Decidedly Street Henderson, NV 4
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.84
    •  
  • 523 Duran Street Henderson, NV 1
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2000
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 991 Ridge Path Avenue #0 Henderson, NV 2
    • 4 beds 3 baths ∙ 1,966 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,966 Sqft ∙ Built 1998
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 1152 Pincay Henderson, NV 3
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1997
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.82
    •  
  • 1054 Atticus Avenue #0 Henderson, NV 5
    • 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
    •  
PROPERTY LISTING DETAILS
Shelia S Parks
1.702.286.8227
Executive Realty Services
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260621
Last Updated: 01/13/2021
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