909 Rhyolite Terrace

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🔥 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

1. 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

2. 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

3. 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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