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Henderson, NV 89011909 Rhyolite Terrace
Henderson, NV 89011, USA
List price
$1,181,365
$•••,•••
Single family house
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Story
APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET INSTANT LOAN QUOTE AND PRE APPROVAL
🔥 INVESTOR SPECIAL – TURNKEY HENDERSON LUXURY HOME W/ INSTANT CASH FLOW POTENTIAL!
📍 5,000 sq ft | 5 Beds | Pool | Fully Remodeled
📈 STR, co-living, or long-term rental ready
🔑 Key Features
** Fully remodeled luxury home – no rehab risk or budget uncertainty
** Below market** pricing – $170K+ equity spread day one
** Ideal layout for co-living or STR – rare 5/6 with dual living zones
** Large lot & curb appeal** – rarely available at this price point
** Low-maintenance yard & modern systems**
** Turnkey asset** for investors who want cash flow on Day 1
DM or email for walkthrough, pro forma, or lockup instructions. First-come, first-served.
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📍 Location Highlights: *Calico Ridge / Henderson Hills
** Upscale residential enclave** surrounded by custom and semi-custom homes
** Minutes from **Lake Las Vegas**, **Cadence master plan**, Galleria Mall, and Henderson Hospital
** No SID/LID fees** and low annual property taxes relative to nearby Henderson neighborhoods
** Ideal for buyers seeking **premium short-term rental zones** just outside the restrictive STR zones of Las Vegas proper
🏡 Property Snapshot
** 5 Beds / 6 Baths | 4,937 sq ft | Built 1998
** Lot Size: 13,504 sq ft
** Fully remodeled in 2024: Turnkey luxury condition
** Multi-generational design:
** Dual kitchens
** Dual living areas
** Perfect for co-living, STR, or long-term group rental
** Outdoor oasis:
** Private pool/spa
** Outdoor kitchen & BBQ area
** Covered patio, new landscape/hardscape work
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💸 Deal Breakdown
** Estimated ARV: $1,250,000 – $1,350,000+
** Potential Equity Spread: $170K – $250K+
** Zero rehab needed – Ready for immediate rental or resale
** Estimated market rent: $6,000 – $7,000/month (standard)
** STR or co-living rent potential: $9,000 – $12,000/month+
** Cap rate (co-living model): 8–10%+ (depending on structure and occupancy)
💼 Exit Strategy Options
- Buy & Hold / Luxury Rental
* Prime for high-income tenant placement
* Premium finishes command top-market rents
* Easily finance with a DSCR loan based on 1.1–1.2+ DSCR at market rents
- Co-Living Rental Strategy
* Lease out individual suites (5+) with shared common areas
* Estimated rent: \$1,500 – \$2,000 per room
* Gross rent: \$9K–\$10K/month
* Very limited competition in this neighborhood at this scale/finish level
- Luxury STR (Short-Term Rental)
* Positioned for luxury Airbnb/VRBO clientele
* Pool, dual kitchens, and layout ideal for retreats, group bookings, or corporate rentals
* Market supports $800–$1,000+ per night during peak seasons
Note: Henderson has fewer STR restrictions than Las Vegas, but due diligence on permitting is advised.
4. Fix-to-Refi or Flip
* Minimal to no upgrades needed
* Re-list at $1.325M+ or refi into long-term hold based on max ARV
Resources:
- Run the numbers with rehab costs using our Cash Offer Calculator.
- Run this scenario through our DSCR Calculator.
- Run this scenario through our Fix and Flip Calculator.
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Property details
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Property type
Single family house
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