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10 Weston Hills Road Henderson, NV 89052

3 Beds 2 Baths 2,076 sqft Built 2004

$574,999

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $276.97
  • 4 Days on Market
  • MLS # : 2243548
  • Updated Date : 10/31/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,076 sqft
  • Baths : 2 full
Listing Agent

Life Realty District

Listing Agent's Description

WOW*Absolutely Gorgeous Single Story Home in Anthem Country Club*Oversized Lot*Professional Landscaping*Park Like Backyard Setting*Extensive Pavers*House is Super Clean*Huge Kitchen*Granite Slab Counters*Stainless Appliances*Designer Fixtures and Lighting*Fridge Included*2 Tone Paint*Shutters*Wood-like Floors*Upgraded Bathrooms*Quartz Counters*Stone-like Tile*Covered Patio*Builtin Closet*House has Extensive A/V Wiring*Epoxy Garage Floors*Water Softner*Buyer To Verify All Info*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sun City Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k397k

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

Neighborhood: Sun City Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802028

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$517,499$632,499$574,999

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$2,121
Property Tax -$348
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$646

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.

$574,999

PROJECTED PRICE

$2,010

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.1%
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-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,249
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,175

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,010
1$2,0102$2,0753$2,1004$2,3005$2,390
$2,390
RENT COMPS ANALYSIS
  • 10 Weston Hills Road Henderson, NV 1
    • 3 beds 2 baths ∙ 2,076 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,076 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.97
    •  
  • 2179 Crescent Heights Avenue Henderson, NV 2
    • 3 beds 1 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 1 baths ∙ 2,190 Sqft ∙ Built 2005
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.95
    •  
  • 12 Mohansic Road Henderson, NV 3
    • 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 2002
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
  • 2335 Fayetteville Avenue #0 Henderson, NV 4
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2004
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
  • 17 Douglas Grove Road Henderson, NV 5
    • 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2004
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.10
    •  
PROPERTY LISTING DETAILS
Roger Ayala
1.702.493.8484
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243548
Last Updated: 10/31/2020
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