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8607 Dove Forest Court Henderson, NV 89074

4 Beds 2 Baths 2,213 sqft Built 1993

$420,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $189.79
  • 4 Days on Market
  • MLS # : 2247903
  • Updated Date : 11/14/2020 at 19:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,213 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

A unicorn!!! Hard to find in the world of smaller lots and HOA's, THIS beauty sits on a HUGE QUARTER ACRE cul-de-sac lot with NO HOA and R/V parking! CHEF'S DREAM kitchen is the centerpiece and heart of this amazing home! Incredible, with a 17 foot granite sit-down island, tons of cherry cabinets, stainless appliances, JennAire 6 burner cooktop, stainless range hood, PROFESSIONAL Frigidaire 38 cubic foot fridge/freezer & double ovens. Seller spared no expense. 12 camera security sys. Custom paint, new carpet, new PORCELAIN flooring, high base moldings, new landscape in back, outbuilding for storage, workshop, playhouse, or! Very livable, functional floorplan with bedroom (converted to office) and bath down with a shower. Ceiling fans in every room. Huge soaking tub in master bath. Location, location, location, LOCATION!!!! 215, St. Rose Siena, shopping, restaurants, everything and anything you need's so close. No homes behind. Formal L/R being used as professional gym, equipment nego.

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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $112k340k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
Aggie Roberts Elementary School Primary Regular 805 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Aggie Roberts Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,550
Property Tax -$226
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$124

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.

$420,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$22,056

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,892

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,840
1$1,8402$1,8503$1,8504$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 8607 Dove Forest Court Henderson, NV 1
    • 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.83
    •  
  • 177 La Alba Street Henderson, NV 2
    • 3 beds 3 baths ∙ 2,188 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,188 Sqft ∙ Built 1993
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 8614 Treasure Trove Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,384 Sqft ∙ Built 2006
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 2829 Painted Rose Lane Henderson, NV 4
    • 5 beds 4 baths ∙ 2,230 Sqft ∙ Built 1988 5 beds 4 baths ∙ 2,230 Sqft ∙ Built 1988
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
  • 2550 Hummingbird Hill Avenue Henderson, NV 5
    • 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 1993
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
PROPERTY LISTING DETAILS
Cindy G Lake
1.702.497.0671
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247903
Last Updated: 11/14/2020
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