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904 Santa Ynez Avenue Henderson, NV 89002

4 Beds 4 Baths 3,187 sqft Built 2000

$865,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $271.42
  • 2 Days on Market
  • MLS # : 2255007
  • Updated Date : 12/12/2020 at 17:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,187 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

GORGEOUS Single story home on just under an acre lot. In the Mission Hills area surrounded by million $ homes. Mountain views all around. Enter through the double doors into your Living room with a beautiful stone fireplace. Formal dinning area. PRIVATE Office area! Custom kitchen cabinets with a Butlers pantry, Granite counter tops. Opens into your Family room and eat-in Dinning area. 4 bedrooms and 4 bathrooms, Master bedroom opens to outdoor space. includes jetted tub. All bed rooms have walk in closets. Central vacuum. Huge laundry room with second refrigerator. 2 RV areas, one covered. 3 car over sized garage. Incredible private oasis in your back yard! Stunning pool with salt water system and solar heated. Sport court, Play area, Pergola covered seating area, you will never want to leave! Parks and schools near. Walk out your front door to BLM property for hiking or playing with toys!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mission Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $113k362k

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

Neighborhood: Mission Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10781875

* 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
J. Marlan Walker International Elementary School Primary Regular 628 39 10
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

J. Marlan Walker International Elementary School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 39
10
GreatSchools Rating

Jack And Terry Mannion Middle School

  • Education Level: Middle
  • # of students: 1,523
  • # of teachers: 62
NA
GreatSchools Rating

Foothill High School

  • Education Level: High
  • # of students: 2,883
  • # of teachers: 109
7
GreatSchools Rating
 

$778,500$951,500$865,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$3,191
Property Tax -$535
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$595

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.

$865,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.5%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$234,975

INVESTMENT

$234,975

Down Payment
$216,250
Rehab Estimate
$5,750
Closing Costs
$12,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,191

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $216,250
Loan Amount $648,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$19,374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,382

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2503$2,4004$2,5005$3,340
$3,340
RENT COMPS ANALYSIS
  • 904 Santa Ynez Avenue Henderson, NV 5
    • 4 beds 4 baths ∙ 3,187 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,187 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $1.05
    •  
  • 705 Gulf Pearl Drive Henderson, NV 1
    • 5 beds 4 baths ∙ 3,055 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,055 Sqft ∙ Built 2015
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.70
    •  
  • 2233 Mundare Drive Henderson, NV 2
    • 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 2017
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
  • 2292 Mundare Drive Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,943 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,943 Sqft ∙ Built 2018
    LEASED 06/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 996 Cedar Cliff Court Henderson, NV 4
    • 4 beds 4 baths ∙ 3,466 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,466 Sqft ∙ Built 2017
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.72
    •  
PROPERTY LISTING DETAILS
Shari Meehan
1.702.622.6633
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255007
Last Updated: 12/12/2020
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