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67 Chesney Drive Henderson, NV 89074

3 Beds 2 Baths 1,376 sqft Built 1986

INVESTimate

$399,888

List Price

$1,340

$1,206 - $1,474

Rent Est.

$435,398  ( +8.88%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $290.62
  • 7 Days on Market
  • MLS # : 2223273
  • Updated Date : 08/24/2020 at 12:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,376 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

WOW! ABSOLUTELY STUNNING AND READY TO MOVE IN*LOOKS LIKE A MODEL*ABSOLUTELY STUNNING SINGLE STORY HOME IN GREEN VALLEY ESTATES! GREAT HENDERSON LOCATION *3 bedrooms and 2 remodeled bath rooms. Kitchen has also been remodeled WITH GRANITE COUNTERS, BREAKFAST BAR*Floor has all been changed to Bamboo, hardwood and tile*High ceilings in the living room with a beautiful gas fireplace. BRIGHT OPEN & AIRY OPEN FLOOR PLAN*One bedroom is used as an office, closet doors could be added back*Oasis back yard. Very private and beautiful landscape in the back yard WITH COVERED PATIO*This is a must see home*This home has too many features to mention*Two car garage*A must see*LOW HOA FEE**New Photos uploaded by Saturday evening*please kiij at virtual tour*Remodeled*Close to shopping*Freeways*casinos*airport*strip*transportation*hospitals

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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: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
Aggie Roberts Elementary School Primary Regular 805 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Aggie Roberts Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$359,899$439,877$399,888

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,475
Property Tax -$171
Property Insurance -$54
HOA -$9
Property Management Fees -$119
CASH FLOW
-$488

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.

$399,888

PROJECTED PRICE

$1,340

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$111,720

INVESTMENT

$111,720

Down Payment
$99,972
Rehab Estimate
$5,750
Closing Costs
$5,998

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,972
Loan Amount $299,916
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,352

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,4253$1,4954$1,4955$1,565
$1,565
RENT COMPS ANALYSIS
  • 67 Chesney Drive Henderson, NV 1
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.97
    •  
  • 2603 Peat Moss Henderson, NV 2
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1996
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.94
    •  
  • 2610 Pebblegold Avenue Henderson, NV 3
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1996
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 2600 Glen Green Avenue Henderson, NV 4
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1996
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 2617 Trellis Avenue #0 Henderson, NV 5
    • 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,523 Sqft ∙ Built 1996
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $1.03
    •  
PROPERTY LISTING DETAILS
Shirley A Brass
1.702.592.8207
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223273
Last Updated: 08/24/2020
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