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809 Horizon Canyon Drive Henderson, NV 89052

5 Beds 2 Baths 3,608 sqft Built 2017

$759,000

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $210.37
  • 5 Days on Market
  • MLS # : 2270846
  • Updated Date : 02/17/2021 at 20:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,608 sqft
  • Baths : 2 full
Listing Agent

City Villa Realty & Management

Listing Agent's Description

Great Location, Near Shopping, Park and Freeway! Home features 5 bedrooms/4bathroom/3 car garage! 72" refrigerator, double oven, ice maker, Covered patio, Balcony off Master and Loft with Mountain and Las Vegas Strip Views! Beautiful Marble Countertop and walk in Pantry! Upgraded Value Tile throughout First floor. Fantastic first and back yard landscaping! Really better than New!

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: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10802532

* 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$683,100$834,900$759,000

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$2,636
Property Tax -$526
Property Insurance -$97
Property Management Fees -$119
CASH FLOW
$312

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.

$759,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.3%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$206,885

INVESTMENT

$206,885

Down Payment
$189,750
Rehab Estimate
$5,750
Closing Costs
$11,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,636

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $189,750
Loan Amount $569,250
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$80,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,265

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,3003$3,4504$3,4955$3,690
$3,690
RENT COMPS ANALYSIS
  • 809 Horizon Canyon Drive Henderson, NV 5
    • 5 beds 2 baths ∙ 3,608 Sqft ∙ Built 2017 5 beds 2 baths ∙ 3,608 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.02
    •  
  • 292 Antelope Village Circle Henderson, NV 1
    • 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,503 Sqft ∙ Built 1998
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.84
    •  
  • 2598 Mizzoni Circle Henderson, NV 2
    • 5 beds 4 baths ∙ 3,507 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,507 Sqft ∙ Built 2000
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.94
    •  
  • 2644 Hourglass Drive Henderson, NV 3
    • 6 beds 4 baths ∙ 3,935 Sqft ∙ Built 2001 6 beds 4 baths ∙ 3,935 Sqft ∙ Built 2001
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.88
    •  
  • 1327 Coulisse Street Henderson, NV 4
    • 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.96
    •  
PROPERTY LISTING DETAILS
Shaojun Peng
1.702.769.5215
City Villa Realty & Management
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270846
Last Updated: 02/17/2021
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