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921 Pomander Point Place Henderson, NV 89012

4 Beds 3 Baths 3,120 sqft Built 2016

$615,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $197.12
  • 7 Days on Market
  • MLS # : 2248738
  • Updated Date : 11/19/2020 at 18:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,120 sqft
  • Baths : 3 full
Listing Agent

Era Brokers Consolidated

Listing Agent's Description

Pics & 3D tour available by 11/19. Better than New! This 2-story home built in 2016 has been upgraded with all the fixings. SALT WATER POOL, SOLAR PANELS (owned!!), SHUTTERS throughout, modern FANS throughout,& STAINLESS APPLIANCES. Enjoy coffee on your private balcony off of the primary bedroom as you look at your MOUNTAIN VIEWS all around! This 3120 sqft home in gated community near Black Mountain has 4 oversized bdrms (1 bed down), 3 full baths, flex space for dining/office/fitness, loft & 3bay tandem garage. Kitchen features oversized granite island, large walk-in pantry, and huge mudroom/drop-zone. Upstairs laundry room w/double entry into primary closet. Storage everywhere! Rear yard equipped with covered patio, beautiful landscaping w/low-voltage lighting, pool, and plenty of patio for entertaining. NO BACKYARD NEIGHBORS!

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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: McCullough Hills

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k366k

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

Neighborhood: McCullough Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10801914

* 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
Ulis Newton Elementary School Primary Regular 611 35 7
Jack And Terry Mannion Middle School Middle Regular 1,523 62 NA
Foothill High School High Regular 2,883 109 7

Ulis Newton Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 35
7
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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,269
Property Tax -$443
Property Insurance -$88
Property Management Fees -$119
CASH FLOW
-$449

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.

$615,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.5%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,457

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,4004$2,4705$2,750
$2,750
RENT COMPS ANALYSIS
  • 921 Pomander Point Place Henderson, NV 4
    • 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.79
    •  
  • 229 Amber Bluff Street Henderson, NV 1
    • 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.72
    •  
  • 227 Valare Street Henderson, NV 2
    • 4 beds 2 baths ∙ 3,014 Sqft ∙ Built 2001 4 beds 2 baths ∙ 3,014 Sqft ∙ Built 2001
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
  • 215 Opera House Street Henderson, NV 3
    • 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2001
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.79
    •  
  • 213 Amber Bluff Street Henderson, NV 5
    • 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 2018
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.88
    •  
PROPERTY LISTING DETAILS
Nicole Sanzone
1.702.810.7816
Era Brokers Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248738
Last Updated: 11/19/2020
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