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

6934 Graceful Cloud Avenue Henderson, NV 89011

2 Beds 3 Baths 1,452 sqft Built 2006

$250,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $172.18
  • 8 Days on Market
  • MLS # : 2264543
  • Updated Date : 02/03/2021 at 20:27
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,452 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

UNIQUE FLOORPLAN*1 BEDROOM UP*1BEDROOM DOWN*2 FULL BATHS*OPEN LIVING ROOM DOWNSTAIRS*GREATROOM UPSTAIRS*KITCHEN W/EATING AREA AND ACCESS TO BALCONY*PRIMARY BED W/ WALK-IN CLOSET*TUB/SHOWER COMBO*LAUNDRY UPSTAIRS*COVERED PATIO*LOW MAINTENANCE YARD*COMMUNITY POOL & PARK* CLOSE TO SHOPPING, DINING, FREEWAY ACCESS AND MORE!

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$868
Property Tax -$169
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$118

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.

$250,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$27,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,361

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2953$1,3304$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 6934 Graceful Cloud Avenue Henderson, NV 3
    • 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.92
    •  
  • 6065 Aripeka Street #na Las Vegas, NV 1
    • 2 beds 3 baths ∙ 1,193 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,193 Sqft ∙ Built 2006
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.96
    •  
  • 6371 Lorne Green Avenue #102 Henderson, NV 2
    • 2 beds 3 baths ∙ 1,417 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,417 Sqft ∙ Built 2002
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 6331 Lorne Green Avenue #102 Las Vegas, NV 4
    • 2 beds 3 baths ∙ 1,417 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,417 Sqft ∙ Built 2002
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 6053 Aripeka Street Henderson, NV 5
    • 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2006
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
PROPERTY LISTING DETAILS
Michelle Bush
1.702.354.3611
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264543
Last Updated: 02/03/2021
BESbswy