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74 Teton Pines Drive Henderson, NV 89074

5 Beds 3 Baths 3,135 sqft Built 1998

$569,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $181.50
  • 8 Days on Market
  • MLS # : 2242489
  • Updated Date : 10/29/2020 at 11:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,135 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

This is a fantastic home with 3 car garage. This home has so many decorator features. Brand new wood-like modern flooring adorn the entire downstairs including formal living room & dining room enjoy a beautiful bar area with built-in refrigerator. Wine rack which lead you to large great room with roaring fireplace, vaulted ceiling, beautiful glass windows, french doors to the backyard, shutters throughout. Open large kitchen area white cabinets, granite countertops. Custom gunmetal and stainless steel appliances, beautiful remodeled laundry room. Remodeled powder bathroom custom vanity and quartz countertops. Upstairs has four large bedrooms, master bedroom has large den/sitting room, master bath has a huge Roman tub, walk-in shower, custom tile floors and backsplash, dual sinks & large walk-in closet. One of the guest bedrooms upstairs has been extended to be oversized. Large backyard with a custom cool deck patio, beautiful pebble tech large swimming pool, faux grass lounge area.

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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: 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
Selma F. Bartlett Elementary School Primary Regular 682 35 10
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Selma F. Bartlett Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 35
10
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$512,100$625,900$569,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,099
Property Tax -$373
Property Insurance -$88
Property Management Fees -$119
CASH FLOW
$21

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.

$569,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$48,186

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,822

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,7003$2,7954$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 74 Teton Pines Drive Henderson, NV 2
    • 5 beds 3 baths ∙ 3,135 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,135 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.86
    •  
  • 94 Shepherd Mesa Court Henderson, NV 1
    • 4 beds 3 baths ∙ 3,126 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,126 Sqft ∙ Built 1994
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.80
    •  
  • 72 Myrtle Beach Drive Henderson, NV 3
    • 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,225 Sqft ∙ Built 1994
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.87
    •  
  • 167 Wentworth Drive #0 Henderson, NV 4
    • 4 beds 2 baths ∙ 3,169 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,169 Sqft ∙ Built 1995
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 50 Attebury Henderson, NV 5
    • 4 beds 3 baths ∙ 3,258 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,258 Sqft ∙ Built 1996
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jillian M Batchelor
1.702.595.8036
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242489
Last Updated: 10/29/2020
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