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6066 Peaceful Creek Street Henderson, NV 89011

2 Beds 3 Baths 1,209 sqft Built 2009

INVESTimate

$227,000

List Price

$1,170

$1,053 - $1,287

Rent Est.

$250,177  ( +10.21%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $187.76
  • 5 Days on Market
  • MLS # : 2223474
  • Updated Date : 08/25/2020 at 10:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,209 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

MOVE IN TODAY! 2 BR, 2.5 BA, 2 story home located on a cul-de-sac. Open floorplan. NEW interior paint, carpet & vinyl plank flooring. Living room w/ceiling fan. Kitchen features NEW Quartz counters, undermount sink, faucet & NEW SS range, dishwasher & microwave to be installed before COE. Both bedrooms & laundry upstairs. The master bedroom has a balcony & ensuite bath w/2 sinks & tub/shower combo. 2nd bedroom w/bath. Community amenities include pool, park & playground area. WON'T LAST LONG!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 89011

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Zip Code: 89011

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10771825

* 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
Josh Stevens Elementary School Primary Unknown NA
Francis Cortney Middle School Middle Regular 1,235 52 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Basic High School

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

$204,300$249,700$227,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$838
Property Tax -$155
Property Insurance -$51
HOA -$100
Property Management Fees -$119
CASH FLOW
-$92

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.

$227,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.21%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,905

INVESTMENT

$65,905

Down Payment
$56,750
Rehab Estimate
$5,750
Closing Costs
$3,405

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$838

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,750
Loan Amount $170,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$8,876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,248

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,1703$1,2004$1,2005$1,295
$1,295
RENT COMPS ANALYSIS
  • 6066 Peaceful Creek Street Henderson, NV 2
    • 2 beds 3 baths ∙ 1,209 Sqft ∙ Built 2009 2 beds 3 baths ∙ 1,209 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.97
    •  
  • 6098 Allred #101 Henderson, NV 1
    • 2 beds 2 baths ∙ 1,069 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,069 Sqft ∙ Built 2003
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $1.02
    •  
  • 6550 Tumbleweed Ridge Lane #101 Henderson, NV 3
    • 2 beds 2 baths ∙ 1,189 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,189 Sqft ∙ Built 2004
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.01
    •  
  • 833 Aspen Peak #2314 Henderson, NV 4
    • 2 beds 1 baths ∙ 1,160 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,160 Sqft ∙ Built 2005
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.03
    •  
  • 6061 Aripeka Street Henderson, NV 5
    • 2 beds 3 baths ∙ 1,209 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,209 Sqft ∙ Built 2006
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.07
    •  
PROPERTY LISTING DETAILS
Robert E Jones
1.480.636.9175
Offerpad
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223474
Last Updated: 08/25/2020
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