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708 Blue Crystal Creek Road Henderson, NV 89002

4 Beds 3 Baths 2,494 sqft Built 2006

$440,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $176.42
  • 4 Days on Market
  • MLS # : 2271769
  • Updated Date : 02/26/2021 at 00:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,494 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Wonderful home located in the desirable gated Boulder Creek neighborhood near exciting parks and recreation options. Inviting curb appeal enhanced with covered front porch and stone accents. Turnkey home has new paint, new hardwood laminate flooring, new shower, new ceiling fans, and new irrigation. Open concept living highlighted by perfectly placed windows allowing natural light to pour in. Kitchen opens to family room and is complete with quality cabinetry, granite counters, new refrigerator, new dishwasher, new microwave, dining bar island, and nook. Family room offers an ideal space to relax or entertain thanks to the soaring 20-foot ceiling, cast stone fireplace, and adjacent den. Restful primary suite has an amazing full length covered balcony looking out to majestic mountain views. Main bathroom upgraded with seamless glass marble shower and jetted tub. Relaxing yard treated to full length covered patio with new fans, vibrant plantings, wood burning firepit, and new irrigation.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,528
Property Tax -$288
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
-$50

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.

$440,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.45%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$23,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,039

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$2,0003$2,0004$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 708 Blue Crystal Creek Road Henderson, NV 1
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.79
    •  
  • 905 Spiracle Avenue Henderson, NV 2
    • 4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2016
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 709 Silver Pearl Henderson, NV 3
    • 3 beds 2 baths ∙ 2,466 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,466 Sqft ∙ Built 2017
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 1006 Winding Hill Street Henderson, NV 4
    • 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 1995
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 2312 Sky Island Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 2018
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
Leslie S Carver
1.702.436.3615
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271769
Last Updated: 02/26/2021
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