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902 Swift Bear Street 
Henderson, NV
89002
3 Beds 3 Baths 2,508 sqft
Built 1996
INVESTimate
$399,999
List Price
$111,750
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PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $159.49
- 3 Days on Market
- MLS # : 2224331
- Updated Date : 08/25/2020 at 00:20
CONSTRUCTION
- Beds : 3
- Floor Size : 2,508 sqft
- Baths : 3 full
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
Very Rare Gorgeous 2-Story home located in Mission Estate, Henderson, NV! Sitting on large corner lot, this turn-key Beauty has been carefully remodeled and refreshed. Plenty of high ceilings, double pane windows, new Pergo floors throughout. The kitchen boasts new Quartz countertops, Mosaic backsplash and stainless steel appliances. Open living room and dining room. Separate family room for your holiday gatherings with inviting fireplace. Second level has 2 Master bedrooms with en suites, large walk-in closets and spacious loft area! Downstairs 3rd bedroom has a full bathroom across the hall. Property also includes extra long RV parking with new gate, new deck off kitchen, and a huge back yard to make your own. Come see your NEW HOME! Professional pictures coming soon...
SEE MORE
- 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: Mission Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$230 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$20
|
||
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.
$399,999
PROJECTED PRICE
$1,880
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.54% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $299,999 |
5.67
YEARS SAVED
$30,620
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,925
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
902 Swift Bear Street Henderson, NV 1
- 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1022 Swingline Street #n/a Henderson, NV 2
- 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2005
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.76
-
219 Dominican Avenue Henderson, NV 3
- 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,443 Sqft ∙ Built 2005
![property image]()
LEASED 05/31/19- Rent
- Rent Per SQFT
- $1,900
- $0.78
-
905 Spiracle Avenue Henderson, NV 4
- 4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,617 Sqft ∙ Built 2016
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.76
-
942 Saddle Horn Drive Henderson, NV 5
- 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,722 Sqft ∙ Built 1999
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,100
- $0.77
PROPERTY LISTING DETAILS
1.952.261.1883
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224331
Last Updated: 08/25/2020
