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857 Middle Valley Street Henderson, NV 89052

4 Beds 2 Baths 2,988 sqft Built 2010

$579,999

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $194.11
  • 2 Days on Market
  • MLS # : 2273473
  • Updated Date : 02/27/2021 at 21:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,988 sqft
  • Baths : 2 full
Listing Agent

Velvet Door Realty & Property

Listing Agent's Description

Beautiful home in the gated community of Fairbrook. Upgraded glass entry front door welcomes you to an expansive floorplan featuring a den, formal dining room, and large great room with built-ins and surround sound. The kitchen features a walk-in pantry, upgraded granite countertops, and cabinets with ample counter space. Downstairs bedroom is adjacent to a full bathroom. Large primary bedroom with spa-like bathroom separate from 2 bedrooms upstairs. Large loft upstairs with built-in entertainment center and separate laundry room. Low maintenance yard with sparkling pool/spa and outdoor kitchen with built-in barbeque and refrigerator. Close to shopping, Coronado High School and easy freeway access. A must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

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

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

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

$521,999$637,999$579,999

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,015
Property Tax -$379
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$33

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.

$579,999

PROJECTED PRICE

$2,630

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,015

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $145,000
Loan Amount $434,999
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$41,251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,749

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5953$2,6304$2,7005$2,795
$2,795
RENT COMPS ANALYSIS
  • 857 Middle Valley Street Henderson, NV 3
    • 4 beds 2 baths ∙ 2,988 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,988 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.88
    •  
  • 2922 Tremont Avenue Henderson, NV 1
    • 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2018
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 2891 Caxton Grove Drive Henderson, NV 2
    • 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.92
    •  
  • 2919 Caxton Grove Drive Henderson, NV 4
    • 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.92
    •  
  • 2927 Tremont Avenue Henderson, NV 5
    • 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Patrice A Hester-harper
1.702.955.7734
Velvet Door Realty & Property
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273473
Last Updated: 02/27/2021
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