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968 Everest Peak Avenue Henderson, NV 89012

5 Beds 3 Baths 3,694 sqft Built 2013

$739,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $200.05
  • 2 Days on Market
  • MLS # : 2255309
  • Updated Date : 12/12/2020 at 13:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,694 sqft
  • Baths : 3 full
Listing Agent

Homesmart Encore

Listing Agent's Description

VIVA VIVA VIVA LAS VEGAS HENDERSON AREA!!. This beautiful home sitting on a corner lot is an open concept home that has all the bells and whistles. This 5 bedroom 4 bath boasts a bedroom downstairs with bathroom 4 bedrooms upstairs. Granite counter tops in kitchen with GE Profile stainless Steel appliances as well as front load washer and dryer. Private backyard with imported Italian travertine Deck covered patio and 14x28 self chlorinated pool.Pool built by Anthony&Sylvan,soft water, pool solar heated self cleaning Jandy vacuum. 2 3ft and 1 4ft clear descent as pool is 6.5 ft deep.Separate laundry room area with sink, walk in pantry and office bench work area downstairs.Ceiling fans throughout house as well as outside patio.Primary bedroom features strip views with double sinks and rain forest shower head in bathroom.Roof top deck captures mountain, city and strip views with gas and water line hook ups. Garage has pavers entering driveway and features Rinnati tank less water heater.

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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
 

$665,100$812,900$739,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,727
Property Tax -$458
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
-$522

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.

$739,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.39%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,585

INVESTMENT

$201,585

Down Payment
$184,750
Rehab Estimate
$5,750
Closing Costs
$11,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,750
Loan Amount $554,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$15,712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,900

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,8003$2,8804$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 968 Everest Peak Avenue Henderson, NV 3
    • 5 beds 3 baths ∙ 3,694 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,694 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $0.78
    •  
  • 50 Coyote Hills Street Henderson, NV 1
    • 4 beds 4 baths ∙ 3,388 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,388 Sqft ∙ Built 2000
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.68
    •  
  • 52 Green Hills Court Henderson, NV 2
    • 5 beds 3 baths ∙ 3,388 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,388 Sqft ∙ Built 2000
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.83
    •  
  • 188 Mount Saint Helens Drive Henderson, NV 4
    • 6 beds 4 baths ∙ 3,730 Sqft ∙ Built 2000 6 beds 4 baths ∙ 3,730 Sqft ∙ Built 2000
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.78
    •  
  • 1185 Horizon Range Avenue Henderson, NV 5
    • 5 beds 4 baths ∙ 3,539 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,539 Sqft ∙ Built 2013
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Gianno Buonaguro
1.702.528.2810
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255309
Last Updated: 12/12/2020
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