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975 Marigold Court Henderson, NV 89011

4 Beds 2 Baths 3,597 sqft Built 1989

INVESTimate

$540,000

List Price

$2,890

$2,640 - $3,140

Rent Est.

$587,034  ( +8.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $150.13
  • 3 Days on Market
  • MLS # : 2223189
  • Updated Date : 08/24/2020 at 18:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,597 sqft
  • Baths : 2 full
Listing Agent

Signature Gallery Of Homes

Listing Agent's Description

Spacious custom home in Calico Ridge.Courtyard entry Equipped With Stairs That Lead to a Unique Observation Deck With BEAUTIFUL Strip Views. 4 Bedrooms Plus a Den. Master Bedroom and Second Bedroom Both Located Downstairs. Entry has Hardwood Floors, Large Living Room and Dining Room With a Fireplace. This Home Has a Separate Family Room With High Ceilings and Has a Wet Bar With an Additional Fireplace,Kitchen Has Granite Counter-tops and LOTS of Counter Space, Hard Wood Flooring. Ceiling Fans Throughout. Mirrored Closet Doors Throughout. Master Suite has Dual Sinks, Separate Tub and Shower. Backyard Oasis Has Covered patio, Built in BBQ and Sparking Pool and Much More. Low HOA fees. Minutes from Lake Mead Recreation, cycling & hiking trails.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

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

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802043

* 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
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,601$3,179$2,890

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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$1,992
Property Tax -$335
Property Insurance -$97
Property Management Fees -$119
CASH FLOW
$347

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.

$540,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.71%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$83,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,914

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,8003$2,8904$4,000
$4,000
RENT COMPS ANALYSIS
  • 975 Marigold Court Henderson, NV 3
    • 4 beds 2 baths ∙ 3,597 Sqft ∙ Built 1989 4 beds 2 baths ∙ 3,597 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $0.80
    •  
  • 560 Via Colmo Avenue #0 Henderson, NV 1
    • 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.64
    •  
  • 1043 Via Di Olivia Henderson, NV 2
    • 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
  • 1070 Via St Andrea Pl Place Henderson, NV 4
    • 3 beds 3 baths ∙ 3,922 Sqft ∙ Built 2008 3 beds 3 baths ∙ 3,922 Sqft ∙ Built 2008
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Trish Nash
1.702.331.3948
Signature Gallery Of Homes
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223189
Last Updated: 08/24/2020
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