Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

635 Glenwood Lane Henderson, NV 89002

3 Beds 2 Baths 1,855 sqft Built 1978

$359,750

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $193.94
  • 8 Days on Market
  • MLS # : 2264813
  • Updated Date : 02/05/2021 at 01:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,855 sqft
  • Baths : 1 full , 1 half
Listing Agent

Swg Realty Group

Listing Agent's Description

Newly renovated 2-story house dual MBR floorplan with 3 bedrooms, 2.5 baths, 2 car garage. Large lot with RV parking. Covered/enclosed patio, fully fenced rear yard, and large backyard. Traditional floorplan with formal living room, formal dining room, separate family room with gas fireplace. Brand New White shaker cabinets with self-closing hinges and silver modern pulls. New Stainless steel appliances. Granite countertops. Freshly painted inside. Shower/Tub combo in Master Bath. New carpet and padding. 5" Modern baseboards throughout. New light fixtures, faucets, door handles, shelves.

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

Neighborhood: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k340k

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

Neighborhood: Highland Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9181825

* 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
Fay Galloway Elementary School Primary Regular 691 36 6
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

Fay Galloway Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 36
6
GreatSchools Rating

Jack And Terry Mannion Middle School

  • Education Level: Middle
  • # of students: 1,523
  • # of teachers: 62
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$323,775$395,725$359,750

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,250
Property Tax -$137
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$19

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.

$359,750

PROJECTED PRICE

$1,550

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 11.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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

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$101,084

INVESTMENT

$101,084

Down Payment
$89,938
Rehab Estimate
$5,750
Closing Costs
$5,396

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,938
Loan Amount $269,813
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,609

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,5504$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 635 Glenwood Lane Henderson, NV 3
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 423 Scenic Drive Henderson, NV 1
    • 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 1970
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.81
    •  
  • 904 Coral Cottage Drive #0 Henderson, NV 2
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1996
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 552 Reliance Avenue Henderson, NV 4
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 554 Pacer Terrace Henderson, NV 5
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
PROPERTY LISTING DETAILS
Casey Ryan
1.702.824.7270
Swg Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264813
Last Updated: 02/05/2021
BESbswy