1982 Thunder Ridge – Green Valley Investment Property

This is a great investment opportunity for anyone looking to invest in the Las Vegas housing market. The house is currently listed for $135k but will most likely close at over list. At $135k this house is priced so competitivley that it may receive multiple offers. I estimate the actual sales price will be closer to $145k. This house will easily rent between $1395 – $1495. Rice Real Estate is known as one of the best property management companies in Las Vegas. Call today: 702-574-1567

 
Beautiful 3 bed, 2.5 bath plus den home in Green Valley Ranch. The house sits in a quiet cul-de-sac and has a very private backyard. Desert landscaping in front and back makes for easy maintenance for the tenants. Kitchen has granite counters and hardwood flooring. Both bathrooms are also upgraded. This house should rent very quickly and rent will be between $1395 and $1495/month.

Property Details

Cash Flow Analysis

Purchase Price: $145,000 (may vary)
Down Payment: $29,000 (20%)
Loan Amount: $116,000
Mortgage Pmt: $623 (assuming 30yr fixed at 5%, market rates may vary)
Taxes: $126/mo
Insurance: $35/mo (estimate, rate may vary)
HOA fee: $41/mo (estimate, rate may vary)
Property Management: $112/mo $(assuming an 8% fee)
Total Monthly Expense: $937/mo

Rental Comps: $1395/month (estimate, rate may vary)
Monthly cash flow: $1,395-$937=$618
Yearly cash flow: $7,416
1st Year Principal Reductions: $1,711
ROI = cash flow/down payment $7,416/$29,000=25.5%

9,127/$29,000=31% 

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View more Green Valley Ranch Investment Properties below.

Showing properties 1 - 5 of 5. See more Real estate in the Green Valley Ranch community.
(all data current as of 5/21/2013)

1. $146,800 : MLS # 1332782 in Henderson
   
   2 beds, 2 full baths

   Home size: 1,142 sq ft

   Lot size: 4,791 sqft

   Year built: 1997

   Parking spots: 2

   Days on market: 54
   
2. $149,900 : 270 Deerleap Cr, Henderson
   
   2 beds, 2 full baths

   Home size: 1,274 sq ft

   Lot size: 5,227 sqft

   Year built: 2000

   Parking spots: 2

   Days on market: 76

   Walk Score®: 55
   
3. $160,000 : 2498 Foxmoore Ct, Henderson
   
   2 beds, 2 full baths

   Home size: 1,230 sq ft

   Lot size: 4,791 sqft

   Year built: 1999

   Parking spots: 2

   Days on market: 173

   Walk Score®: 57
   
4. $154,000 : 1863 Vista Pointe Av, Henderson
   
   3 beds, 2 full baths

   Home size: 1,435 sq ft

   Lot size: 4,791 sqft

   Year built: 2000

   Parking spots: 2

   Days on market: 232

   Walk Score®: 71
   
5. $145,000 : 293 Walnut Village Ln, Henderson
   
   3 beds, 2 full, 1 part baths

   Home size: 1,435 sq ft

   Lot size: 4,791 sqft

   Year built: 1995

   Parking spots: 2

   Days on market: 571

   Walk Score®: 49
   

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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