Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

939 Sitting Bull Drive Henderson, NV 89014

5 Beds 3 Baths 2,042 sqft Built 1993

$358,500

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $175.56
  • 4 Days on Market
  • MLS # : 2243126
  • Updated Date : 10/31/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,042 sqft
  • Baths : 2 full , 1 half
Listing Agent

Life Realty District

Listing Agent's Description

WOW THIS ONE IS A RARE FIND. THIS HOME HAS IT ALL!! BEAUTIFULLY APPOINTED AND UPGRADED 5 BEDROOM HOME CENTRALLY LOCATED TO SCHOOLS, SHOPPING, FREEWAY ACCESS AND ENTERTAINMENT! OPEN FLOOR PLAN WITH FORMAL LIVING ROOM AND DINING ROOM AT ENTRY. PLANTATION SHUTTERS, CEILING FANS, CUSTOM PAINT AND FLOORING THROUGHOUT. GOURMET NEWLY UPGRADED KITCHEN WITH GRANITE COUNTER TOPS AND PLENTY OF STORAGE AND CABINET SPACE AND BREAKFAST BAR OVERLOOKING A RELAXING FAMILY ROOM PERFECT FOR ENTERTAINING FAMILY AND FRIENDS. OVERSIZED MASTER BEDROOM UPSTAIRS WITH WALKIN CLOSETS SEPARATE FROM THE OTHER ROOMS. 4 ADDITIONAL BEDROOMS UPSTAIRS ALL WITH CEILING FANS AND SHUTTERS. A PRIVATE REAR YARD WITH COVERED PATIO AND FANS, THE PERFECT PLACE TO RELAX AFTER A LONG DAY AND ENJOY THOSE BEAUTIFUL LAS VEGAS NIGHTS! CALL US TODAY THIS ONE WILL NOT LAST LONG!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Whitney Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $110k340k

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

Neighborhood: Whitney Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10561825

* 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
Harriet Treem Elementary School Primary Regular 820 44 5
Francis Cortney Middle School Middle Regular 1,235 52 NA
Green Valley High School High Regular 3,092 122 9

Harriet Treem Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 44
5
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$322,650$394,350$358,500

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,323
Property Tax -$186
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$45

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.

$358,500

PROJECTED PRICE

$1,740

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,753

INVESTMENT

$100,753

Down Payment
$89,625
Rehab Estimate
$5,750
Closing Costs
$5,378

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,323

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,625
Loan Amount $268,875
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$33,632

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7403$1,7954$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 939 Sitting Bull Drive Henderson, NV 2
    • 5 beds 3 baths ∙ 2,042 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,042 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.85
    •  
  • 1429 Hawkwood Road Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 1991
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 1415 Harmony Hill Drive Henderson, NV 3
    • 4 beds 2 baths ∙ 1,943 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,943 Sqft ∙ Built 1988
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 1415 Hawkwood Road #0 Henderson, NV 4
    • 4 beds 2 baths ∙ 2,133 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,133 Sqft ∙ Built 1990
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 968 Pack Saddle Court Henderson, NV 5
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1993
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
PROPERTY LISTING DETAILS
Robert W Morganti
1.702.540.3775
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243126
Last Updated: 10/31/2020
BESbswy