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1061 Daylight Blaze Way Henderson, NV 89052

3 Beds 2 Baths 1,964 sqft Built 2005

$499,987

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $254.58
  • 3 Days on Market
  • MLS # : 2246457
  • Updated Date : 11/07/2020 at 18:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,964 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

D.R. Horton Home located in a gated, all-single-story community. Enjoy a outdoor-friendly neighborhood and the best schools in the valley.Walking distance to Anthem Hills Park as well as great hiking and Mountain Biking Trails right outside the gate! Great room features Vaulted Ceilings and surround sound as well as a formal dining room. The kitchen with nook has granite Counter Tops, Gas Cooktop, large Pantry, built-in Microwave and Oven and lots of storage! Separate Laundry Room with shelving as well as a closet for additional storage. Extra-efficient construction with optional Energy Package featuring a double insulated roof. Warm tones and upgraded lighting throughout Floors are a blend of tile, Bruce Laminate planks and carpet. Elevated above the neighbors, enjoy privacy as look out over the treetops for awesome mountain views and spectacular sunsets! Stuccoed walls and low maintenance landscaping surround the sparkling salt water swimming pool. This one will sell quick!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k442k

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

Neighborhood: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10802110

* 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
Frank Lamping Elementary School Primary Regular 705 38 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Frank Lamping Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 38
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
 

$449,988$549,986$499,987

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,845
Property Tax -$310
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$489

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.

$499,987

PROJECTED PRICE

$1,850

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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$138,247

INVESTMENT

$138,247

Down Payment
$124,997
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,997
Loan Amount $374,990
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,900

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7254$1,8505$2,050
$2,050
RENT COMPS ANALYSIS
  • 1061 Daylight Blaze Way Henderson, NV 4
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 2269 Smokey Sky Drive Henderson, NV 1
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 2278 Dakota Sky Henderson, NV 2
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2005
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 2242 Dakota Sky Court Henderson, NV 3
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.89
    •  
  • 2249 Smokey Sky Drive Henderson, NV 5
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.06
    •  
PROPERTY LISTING DETAILS
Joseph D Guffey
1.702.682.4427
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246457
Last Updated: 11/07/2020
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