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6426 Heatherton Avenue Las Vegas, NV 89110

3 Beds 2 Baths 1,997 sqft Built 1997

$375,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $187.78
  • 4 Days on Market
  • MLS # : 2254809
  • Updated Date : 12/11/2020 at 07:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,997 sqft
  • Baths : 2 full
Listing Agent

New Homes Research

Listing Agent's Description

Single Story, 3 Car Garage, RV Parking, Private Inground Pool & Spa, and NO HOA! This beautifully designed open floorplan, includes 3 beds, 2 baths, with vaulted ceilings, ceiling fans, and crown molding throughout. Granite counters and backsplash in kitchen, with double ovens. Skylight in family room with 3 way gas fireplace, pot shelves, and 18" porcelain tile flooring. Dining room with cherry laminate flooring. Master bed with walk in closet & wood flooring, sep tub & custom porcelain tiled shower, dual sinks, & marble counters. Laundry room with deep sink and cabinets. Secondary bath w/dual sink, custom porcelain tiled tub/shower, and marble counters. Solar screens, covered patio, front & back security doors, synthetic grass, sparkling newly re-plastered pool w/new equipment, waterfall & spa w/in floor cleaning, outside built in bbq area & outside shower next to pool! Newer water heater in garage along w/extra storage shelving & insulated garage doors. House just freshly painted!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Eileen Brookman Elementary School Primary Regular 753 35 5
Dr. William H Bob Bailey Middle School Middle Regular 1,202 49 NA
Eldorado High School High Regular 1,920 76 1

Eileen Brookman Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 35
5
GreatSchools Rating

Dr. William H Bob Bailey Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 49
NA
GreatSchools Rating

Eldorado High School

  • Education Level: High
  • # of students: 1,920
  • # of teachers: 76
1
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,384
Property Tax -$259
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$188

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4953$1,5504$1,5505$1,640
$1,640
RENT COMPS ANALYSIS
  • 6426 Heatherton Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.82
    •  
  • 1795 Mt Hood Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1981
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.69
    •  
  • 1313 Villa Park Court Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 1999
    property image
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 6182 Halehaven Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1997
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 1911 Eskam Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2005
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jennifer Clark
1.702.985.4842
New Homes Research
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254809
Last Updated: 12/11/2020
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