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983 Courtney Valley Street Henderson, NV 89052

4 Beds 2 Baths 3,014 sqft Built 2000

$465,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $154.28
  • 4 Days on Market
  • MLS # : 2246142
  • Updated Date : 11/06/2020 at 01:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,014 sqft
  • Baths : 2 full
Listing Agent

Zahler Properties Llc

Listing Agent's Description

No HOA! Original owners have taken excellent care of this home and are looking to downsize in preparation for retirement. The first floor offers an open floor plan with a large kitchen featuring an island, plenty of storage space and plantation shutters to adjust the ample natural light, a bedroom and bathroom with a shower, and a large backyard with covered patio, low maintenance and water-saving desert landscape and plenty of room for a pool. Upstairs opens into a huge loft with a closet if you want to convert to a loft with a fifth bedroom, a primary suite with an oversized tub, separate shower, double sinks and oversized closet and two additional bedrooms that share a full bathroom with double sinks. Extra perks include a double oven, large pantry, downstairs laundry room plumbed for a sink, Bosch dishwasher, new water heater, heat pump HVAC unit, solar screens, 60' x 100' lot, recently painted interior and ceiling fans throughout. Don't miss it!

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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: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

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

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Glen C. Taylor Elementary School Primary Regular 961 46 9
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

Glen C. Taylor Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 46
9
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,716
Property Tax -$282
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
$298

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.

$465,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$71,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,637

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5004$2,5955$2,695
$2,695
RENT COMPS ANALYSIS
  • 983 Courtney Valley Street Henderson, NV 3
    • 4 beds 2 baths ∙ 3,014 Sqft ∙ Built 2000 4 beds 2 baths ∙ 3,014 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 2898 Tremont Avenue Henderson, NV 1
    • 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,946 Sqft ∙ Built 2018
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 2922 Tremont Avenue Henderson, NV 2
    • 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,946 Sqft ∙ Built 2018
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 2891 Caxton Grove Drive Henderson, NV 4
    • 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,818 Sqft ∙ Built 2018
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.92
    •  
  • 2815 Shining Sun Henderson, NV 5
    • 5 beds 2 baths ∙ 3,059 Sqft ∙ Built 2015 5 beds 2 baths ∙ 3,059 Sqft ∙ Built 2015
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jennifer Boushy
1.702.682.7024
Zahler Properties Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246142
Last Updated: 11/06/2020
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