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779 Thorton Beach Street Henderson, NV 89015

3 Beds 2 Baths 1,703 sqft Built 2001

INVESTimate

$324,500

List Price

$1,600

$1,440 - $1,760

Rent Est.

$361,071  ( +11.27%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $190.55
  • 4 Days on Market
  • MLS # : 2224346
  • Updated Date : 08/24/2020 at 17:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Beautifully updated 3 bedroom Single story Henderson home with NO HOA! Remodeled kitchen with new granite counters, espresso cabinets and all stainless appliances included! Wood look Tile throughout main living areas! Separate living room, family room, formal & informal dining areas! Two way gas fireplace between Living & Family rooms. Formal dining can be used as den or converted to 4th bedroom if desired. Master has walk-in closet with separate Tub & shower and Dual vanities in master bath. Nice size lot with additional 30' x 13' concrete parking area for mid sized RV, trailer or toys! Fully desert landscaped with with synthetic turf in rear, Covered patio and firepit area. This is the one you've been looking for!!

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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

Neighborhood: Valley View

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $74k340k

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

Neighborhood: Valley View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8291825

* 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
Robert L. Taylor Elementary School Primary Regular 530 34 2
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Robert L. Taylor Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 34
2
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
 

$292,050$356,950$324,500

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,197
Property Tax -$201
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
$23

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$324,500

PROJECTED PRICE

$1,600

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.27%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,743

INVESTMENT

$91,743

Down Payment
$81,125
Rehab Estimate
$5,750
Closing Costs
$4,868

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,197

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,125
Loan Amount $243,375
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$25,096

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,605

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,5954$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 779 Thorton Beach Street Henderson, NV 5
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
  • 452 Groft Way Henderson, NV 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2001
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 494 Groft Way Henderson, NV 2
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2003
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 776 Thorton Beach Street #na Henderson, NV 3
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2001
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 449 Groft Way Henderson, NV 4
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2001
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Christopher M Williams
1.702.467.4555
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224346
Last Updated: 08/24/2020
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