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757 Wigan Pier Drive Henderson, NV 89002

4 Beds 3 Baths 2,605 sqft Built 2003

$465,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $178.50
  • 5 Days on Market
  • MLS # : 2247578
  • Updated Date : 11/14/2020 at 14:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,605 sqft
  • Baths : 3 full
Listing Agent

Rooftop Realty

Listing Agent's Description

Brand new gorgeous kitchen! Don't miss this freshly renovated home in the highly desired guard gated community of Palm Hills. The backyard is a huge lot just under .25 acres, has a shed and garden area and could easily accommodate a large pool. Other great features; a full bedroom and bathroom down stairs, fresh paint and carpet throughout, a mega loft for upstairs living, a community that can't be beat, close to many trails and outdoor life, also easy access to the freeway. Don't miss this beautiful home! Professional pics will be posted soon.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Neighborhood: Paradise Hills

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
J. Marlan Walker International Elementary School Primary Regular 628 39 10
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

J. Marlan Walker International Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 39
10
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
 

$418,500$511,500$465,000

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 -$1,716
Property Tax -$287
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
-$239

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.

$465,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,560

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
  • $0.75

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9603$2,0004$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 757 Wigan Pier Drive Henderson, NV 2
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.75
    •  
  • 1041 Copper Palm Court Henderson, NV 1
    • 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2006
    property image
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
  • 784 Wigan Pier Drive #x Henderson, NV 3
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2003
    property image
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 1013 Pleasing Plateau Street Henderson, NV 4
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 2005
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 61 Voltaire Avenue #61 Henderson, NV 5
    • 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,605 Sqft ∙ Built 2002
    property image
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Kimberly A Bowman
1.702.287.4764
Rooftop Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247578
Last Updated: 11/14/2020
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