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874 Rainbolt Lane Henderson, NV 89052

4 Beds 3 Baths 2,251 sqft Built 1997

$579,800

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $257.57
  • 3 Days on Market
  • MLS # : 2243952
  • Updated Date : 11/01/2020 at 16:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,251 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

Hard to say Goodbye to this BEAUTY! Great flow and good vibes make this a VERY SPECIAL HOME. Comfort at every level from cozy movie night to gatherings with family and friends, memories made will never be forgotten. Downstairs has 2 living rooms, dining room, kitchen, large primary bedroom with a fireplace, walk in closet and full bath. Soaring ceilings with high Arches gives a feel of a Mediterranean vacation Resort. Backyard has large palms, assorted plants and flowers for a colorful green lush setting. Pool and spa round out the perfect hangout! The upstairs loft is sunny, open and spacious for the new important home office. 3 more bedrooms and a full bath finishes the upstairs off with space for everyone!!

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: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k442k

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

Neighborhood: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10802110

* 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
Frank Lamping Elementary School Primary Regular 705 38 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Frank Lamping Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 38
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
 

$521,820$637,780$579,800

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$2,139
Property Tax -$286
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$445

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.

$579,800

PROJECTED PRICE

$2,170

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$159,397

INVESTMENT

$159,397

Down Payment
$144,950
Rehab Estimate
$5,750
Closing Costs
$8,697

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,139

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,950
Loan Amount $434,850
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,320

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,155

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9753$2,1704$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 874 Rainbolt Lane Henderson, NV 3
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.96
    •  
  • 1003 Leadville Meadows Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2000
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 761 Ezzat Street Henderson, NV 2
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.96
    •  
  • 2456 Sheltered Meadows Lane Henderson, NV 4
    • 5 beds 3 baths ∙ 2,157 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,157 Sqft ∙ Built 1997
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.04
    •  
  • 2504 Ashley Rose Terrace Henderson, NV 5
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1997
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
Pamela Colgan
1.702.376.2794
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243952
Last Updated: 11/01/2020
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