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

783 Flowing Meadow Drive Henderson, NV 89014

4 Beds 3 Baths 2,632 sqft Built 2015

$499,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $189.59
  • 5 Days on Market
  • MLS # : 2261483
  • Updated Date : 01/15/2021 at 23:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,632 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

NEWER SINGLE STORY IN HEART OF GREEN VALLEY/WHITNEY RANCH....CENTRALLY LOCATED CLOSE TO GALLERIA MALL, RESTAURANTS & EASY FREEWAY ACCESS! SPACIOUS 4 BEDROOM (INCLUDING CASITA STYLE FRONT BEDROOM W/BATH AND PRIVATE GARAGE), 3 FULL BATH & 3 CAR GARAGE W/ HUGE SIDE YARD AND 8 FT SIDE GATE! ENJOY UPGRADED CABINETS W/ PULL OUTS, GRANITE COUNTERS, HUGE WALK IN PANTRY AND EXTERNAL EXHAUST FAN ABOVE 5 BURNER GAS STOVE. INCLUDES S/S GE APPLIANCES & S/S FRIDGE W/ WATER/ICE DISPENSER! HOME FEATURES TWO-TONE PAINT, UPGRADED BASEBOARDS AND UPGRADED TILE FLOORING. ALL LARGE BEDROOMS WITH WALK IN CLOSETS, CEILING FAN LIGHT FIXTURES & UPGRADED PADDED CARPETS. LAUNDRY ROOM WITH SINK & CABINETS....WATER SOFTENER CONVEYS TOO! ENJOY TALL 8FT INTERIOR & EXTERIOR DOORS. REAR YARD WITH CUSTOM COVERING AND EXTENDED PATIO. MANY OPTIONS FOR WORKSHOP, ETC. ON LARGE SIDE YARD & 8 FT SIDE ACCESS GATE! CALL AND SCHEDULE YOUR SHOWING TODAY!

SEE MORE

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: Whitney Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $110k340k

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

Neighborhood: Whitney Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10561825

* 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
Harriet Treem Elementary School Primary Regular 820 44 5
Francis Cortney Middle School Middle Regular 1,235 52 NA
Green Valley High School High Regular 3,092 122 9

Harriet Treem Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 44
5
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Green Valley High School

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

$449,100$548,900$499,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,733
Property Tax -$348
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
-$98

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.

$499,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.1%
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-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,531

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,264

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,1804$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 783 Flowing Meadow Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.83
    •  
  • 330 John Henry Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1995
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 1692 Butterfly Ridge Avenue Henderson, NV 2
    • 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,433 Sqft ∙ Built 2013
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 1339 Summer Dawn Avenue Henderson, NV 4
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 1996
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 1626 Sedona Cliffs Avenue Henderson, NV 5
    • 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2015
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
PROPERTY LISTING DETAILS
Marthea Jaffe
1.702.885.7756
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261483
Last Updated: 01/15/2021
BESbswy