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917 Midnight View Avenue Henderson, NV 89015

5 Beds 3 Baths 2,671 sqft Built 2017

$440,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $164.73
  • 11 Days on Market
  • MLS # : 2257712
  • Updated Date : 01/01/2021 at 10:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,671 sqft
  • Baths : 3 full
Listing Agent

Century 21 Americana

Listing Agent's Description

GORGEOUS HOME ON A GREAT DESIRABLE PART OF HENDERSON WITH A MAGNIFICENT VIEW OF THE CITY!!! FEATURING 5 BEDROOMS,3 FULL BATHS, 2 CAR GARAGE, GORGEOUS KITCHEN FEATURES CUSTUM CABINETS, GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, WALK IN PANTRY,WOOD FLOORS THROUGH OUT THE HOME, CARPET ONLY ON BEDROOMS,HUGE MASTER BEDROOM WITH A WALK IN CLOSET, UPGRADED BATHROOMS,LAUNDRY ROOM IS CONVENIENTLY LOCATED ON SECOND FLOOR, AMPLE LIVING ROOM,CEILING FANS ALL OVER THE HOME, MATURE LANDSCAPING, SOLAR PANELS ARE OWNED!!! PLUS MUCH MORE...THIS ONE WILL NOT LAST!!! BRING YOUR BUYERS AND LES'S GET IT SOLD!!!

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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: Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k355k

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

Neighborhood: Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10081825

* 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
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
8
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,623
Property Tax -$308
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
$261

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.

$440,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.9%
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$1.6M$1.8M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$63,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,317

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0953$2,2944$2,3905$2,395
$2,395
RENT COMPS ANALYSIS
  • 917 Midnight View Avenue Henderson, NV 4
    • 5 beds 3 baths ∙ 2,671 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,671 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.89
    •  
  • 1049 Via Saint Andrea Place #0 Henderson, NV 1
    • 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.80
    •  
  • 1009 Via Gandalfi Henderson, NV 2
    • 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 2015
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.85
    •  
  • 1084 Strada Cristallo Henderson, NV 3
    • 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,459 Sqft ∙ Built 2019
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,294
    • $0.93
    •  
  • 964 Via Vannucci Way Henderson, NV 5
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.89
    •  
PROPERTY LISTING DETAILS
Yasmin E Smith
1.702.815.6011
Century 21 Americana
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257712
Last Updated: 01/01/2021
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