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987 Trackers Glen Avenue Henderson, NV 89015

3 Beds 2 Baths 1,547 sqft Built 1996

$383,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $248.16
  • 1 Days on Market
  • MLS # : 2313886
  • Updated Date : 07/13/2021 at 04:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,547 sqft
  • Baths : 2 full
Listing Agent

Rx Realty

Listing Agent's Description

This is the ONE! Single story 3 bdrm, 2 full bath with 2 car garage. Wood laminate flooring and tile. Vaulted ceilings, arched doorways, ceiling fans, window coverings throughout. Kitchen features Quartz countertops with lots of storage, bright and cheery with a breakfast nook and a built-in buffet. Primary bathroom has double sinks, lots of cabinet space, separate tub/beautiful shower, with walk-in closet. Brand new A/C unit. Property has Solar Panels and water efficient landscaping. Separate laundry room. Covered patio, garden boxes, fruit trees, BBQ gazebo and firepit create a nice outdoor atmosphere. Home is clean and move-in ready. Plenty of potential here for your clients. Thank you for showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: River Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9911875

* 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
Sue Morrow Elementary School Primary Regular 734 38 9
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Sue Morrow Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 38
9
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
 

$345,510$422,290$383,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,333
Property Tax -$183
Property Insurance -$57
HOA -$24
Property Management Fees -$119
CASH FLOW
-$197

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.

$383,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$107,484

INVESTMENT

$107,484

Down Payment
$95,975
Rehab Estimate
$5,750
Closing Costs
$5,759

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,333

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,975
Loan Amount $287,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,520
1$1,5202$1,5503$1,6504$1,6505$1,730
$1,730
RENT COMPS ANALYSIS
  • 987 Trackers Glen Avenue Henderson, NV 1
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.98
    •  
  • 1010 Blue Lantern Drive Henderson, NV 2
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 990 Broken Reed Court Henderson, NV 3
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1997
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 997 Blue Lantern Drive Henderson, NV 4
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1997
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
  • 1057 Kennebunk Circle Henderson, NV 5
    • 4 beds 2 baths ∙ 1,629 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,629 Sqft ∙ Built 1997
    LEASED 03/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jeanne Bair
1.702.510.3761
Rx Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2313886
Last Updated: 07/13/2021
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