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

751 Handel Hills Street Henderson, NV 89011

2 Beds 2 Baths 1,388 sqft Built 2019

$324,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $234.08
  • 8 Days on Market
  • MLS # : 2241609
  • Updated Date : 11/02/2020 at 07:34
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,388 sqft
  • Baths : 2 full
Listing Agent

Realty Expertise

Listing Agent's Description

Resort style living in 55+ guard gated community in Henderson. Nearly new highly upgraded single story home in Heritage at Cadence* Great room floor plan with chef's kitchen, rich dark cabinets with brass hardware, granite counters & new custom backsplash* Upgraded tile flooring & plush carpet* Spacious master bedroom with large walk-in closet* Master bathroom with dual sinks & shower* Upgraded light fixtures and ceiling fans throughout* All appliances included* Fully landscaped backyard with pavers, synthetic grass & covered patio* A MUST SEE!

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: Heritage at Cadence

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Heritage at Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
8
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,199
Property Tax -$201
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$127

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$324,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.52%

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) 3.00%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,099

INVESTMENT

$88,099

Down Payment
$81,225
Rehab Estimate
$2,000
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$42,093

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,596

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,975
$1,975
RENT COMPS ANALYSIS
  • 751 Handel Hills Street Henderson, NV 1
    • 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 2019 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.22
    •  
  • 1036 Via Calderia Place Henderson, NV 2
    • 2 beds 2 baths ∙ 1,559 Sqft ∙ Built 2011 2 beds 2 baths ∙ 1,559 Sqft ∙ Built 2011
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.12
    •  
  • 287 Via Della Fortuna Henderson, NV 3
    • 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2017
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.18
    •  
PROPERTY LISTING DETAILS
Valentina G Herzog
1.702.373.7565
Realty Expertise
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2241609
Last Updated: 11/02/2020
BESbswy