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92 Blaven Drive Henderson, NV 89002

4 Beds 3 Baths 3,800 sqft Built 2007

$595,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $156.58
  • 3 Days on Market
  • MLS # : 2276509
  • Updated Date : 03/06/2021 at 03:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,800 sqft
  • Baths : 3 full
Listing Agent

Love Local Real Estate

Listing Agent's Description

Stunning 4 bedroom + Den (that can easily be reconverted back into bed 5) + Huge Loft and 3 Car Garage. Nestled in the beautiful guard gated community of Palm Hills with stunning mountain views. Recently renovated and in pristine condition. Must see this one to believe it.

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 Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

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

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
 

$535,500$654,500$595,000

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 -$2,067
Property Tax -$369
Property Insurance -$101
Property Management Fees -$119
CASH FLOW
-$265

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.

$595,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$18,343

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
  • $0.63

    LIST RENT PER SQFT
  • $2,850

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,6503$2,7004$2,8005$3,200
$3,200
RENT COMPS ANALYSIS
  • 92 Blaven Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.63
    •  
  • 18 Blue Valley Drive #0 Henderson, NV 2
    • 4 beds 3 baths ∙ 3,854 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,854 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.69
    •  
  • 1022 Boundary Line Henderson, NV 3
    • 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2005
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.71
    •  
  • 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 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.81
    •  
  • 767 Tossa De Mar Avenue Henderson, NV 5
    • 5 beds 3 baths ∙ 4,026 Sqft ∙ Built 2001 5 beds 3 baths ∙ 4,026 Sqft ∙ Built 2001
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.79
    •  
PROPERTY LISTING DETAILS
Raena O'neil
1.702.528.3579
Love Local Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276509
Last Updated: 03/06/2021
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