Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

993 Noah Valley Street Henderson, NV 89052

4 Beds 4 Baths 2,407 sqft Built 2007

$460,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $191.11
  • 8 Days on Market
  • MLS # : 2312204
  • Updated Date : 07/12/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,407 sqft
  • Baths : 4 full
Listing Agent

Far Realty Group

Listing Agent's Description

Wonderful home with 4 spacious bedrooms on the 2nd floor and 1 den and bath on the first floor. Located in a gated community, convenient to shops, schools. Features garage with epoxy floors, upgraded kitchen with granite counters, island, tile flooring and stainless steel appliances. Spacious primary bedroom with dual sink, tub and separate shower. One bedroom with its own bathroom. Buyer to verify all info.

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: 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
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,598
Property Tax -$285
Property Insurance -$74
HOA -$65
Property Management Fees -$119
CASH FLOW
$180

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.

$460,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

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

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

7.75

YEARS SAVED

$46,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,251

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,3004$2,3205$2,400
$2,400
RENT COMPS ANALYSIS
  • 993 Noah Valley Street Henderson, NV 4
    • 5 beds 4 baths ∙ 2,407 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,407 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.96
    •  
  • 973 Wagner Valley Street Henderson, NV 1
    • 4 beds 4 baths ∙ 2,407 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,407 Sqft ∙ Built 2009
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 956 Wagner Valley Street Henderson, NV 2
    • 4 beds 4 baths ∙ 2,407 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,407 Sqft ∙ Built 2008
    property image
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 985 Gold Bear Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2000
    property image
    LEASED 04/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 992 Courtney Valley Street Henderson, NV 5
    • 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 1999
    property image
    LEASED 06/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
PROPERTY LISTING DETAILS
Rose Mehrinfar
1.702.898.7111
Far Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2312204
Last Updated: 07/12/2021
BESbswy