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969 Twilight Peak Avenue Henderson, NV 89012

4 Beds 4 Baths 2,683 sqft Built 2018

INVESTimate

$574,900

List Price

$2,160

$1,944 - $2,376

Rent Est.

$629,688  ( +9.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $214.28
  • 8 Days on Market
  • MLS # : 2223109
  • Updated Date : 08/25/2020 at 12:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,683 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Brokerage A Re Firm

Listing Agent's Description

BETTER THAN NEW, this 2 year old home comes with all the Bells and Whistles! This Light and Bright Modern home features 4 bedrooms, with Extra Large upstairs bed and bath that could be used as "Next Gen" space,2nd Master, or Fabulous Game Room! Sunburst Plantation Shutters throughout, HUGE Great Room perfect for entertaining! A Fully Finished backyard with Covered Patio & lighting, Master Closet Orgainzers, Master bath includes Deluxe Soaking Tub & Shower with beautiful Upgraded Herringbone tile flooring. Contemporary Kitchen includes "touchless" Kitchen Faucet, Large Walk in Pantry, Upgraded Cabinents, Countertops, & GE Profile Stainless Steel Appliances. This truly is a "SMART" home that includes- Wifi Camera System and Doorbell, Keyless Front door entry, Smart Wall Switches, & Smart Garage Door Openers. ALL of this AND it is close to Freeway Access, Restaurants, and Shopping! Don't miss it!

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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: 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
 

$517,410$632,390$574,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$2,121
Property Tax -$367
Property Insurance -$79
HOA -$60
Property Management Fees -$119
CASH FLOW
-$586

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.

$574,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.53%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,099

INVESTMENT

$158,099

Down Payment
$143,725
Rehab Estimate
$5,750
Closing Costs
$8,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,725
Loan Amount $431,175
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,120

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,193

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1603$2,2004$2,3005$2,450
$2,450
RENT COMPS ANALYSIS
  • 969 Twilight Peak Avenue Henderson, NV 2
    • 4 beds 4 baths ∙ 2,683 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,683 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.81
    •  
  • 208 Rocky Basin Street Henderson, NV 1
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 2013
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 166 Rocky Star Street Henderson, NV 3
    • 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 2004
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 816 Applecross Henderson, NV 4
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 817 Motherwell Avenue Henderson, NV 5
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 2013
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Michelle Grant
1.702.858.6793
The Brokerage A Re Firm
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223109
Last Updated: 08/25/2020
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