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840 Zinnia Circle Henderson, NV 89015

3 Beds 2 Baths 1,444 sqft Built 1997

$300,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $207.76
  • 6 Days on Market
  • MLS # : 2266246
  • Updated Date : 02/06/2021 at 20:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,444 sqft
  • Baths : 2 full
Listing Agent

Century 21 Americana

Listing Agent's Description

Single Story Home With 3 Car Garage In Henderson With No HOA !! Move in ready with vaulted ceiling's, and tile throughout. You wont want to miss the gourmet kitchen with lots of cabinets and generous size island open to the dinning area. Spacious master bedroom with walk in closet. A master bathroom with plenty of cabinets and a beautiful barn door to close off for privacy. Enjoy sitting in the backyard with a low maintenance desert landscape and full length covered patio as well a pergola area for entertainment. Brand New water, heater HVAC is only 4 1/2 years old and all appliances stay with the home, the exterior has been freshly painted

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: Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k355k

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

Neighborhood: Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10081825

* 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
Sue Morrow Elementary School Primary Regular 734 38 9
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Sue Morrow Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 38
9
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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,042
Property Tax -$172
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$52

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.

$300,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,409

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,451

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,435
1$1,4352$1,4403$1,4984$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 840 Zinnia Circle Henderson, NV 2
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.00
    •  
  • 825 Zinnia Circle Henderson, NV 1
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1997
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.99
    •  
  • 226 Night Fall Te Terrace #0 Henderson, NV 3
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1994
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,498
    • $1.00
    •  
  • 948 Clipper Drive Henderson, NV 4
    • 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1988
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 822 Schooner Drive Henderson, NV 5
    • 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,544 Sqft ∙ Built 1989
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
PROPERTY LISTING DETAILS
Elizabeth A Hershey
1.702.339.0586
Century 21 Americana
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266246
Last Updated: 02/06/2021
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