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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $167.40
- 28 Days on Market
- MLS # : 2259863
- Updated Date : 01/31/2021 at 02:00
CONSTRUCTION
- Beds : 5
- Floor Size : 4,331 sqft
- Baths : 5 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Too many upgrades to mention in this cul-de-sac home. Green belt views and direct park access to basketball courts & soccer fields. Master Suite w/ separate sitting area w/ 2 separate bathrooms & closets, Large zoom room upstairs to make into dual offices or theater. Walkout to the pool to pick fresh lemons, figs, or apricots off your trees. 5 full bedrooms with 5 full baths and closet organizers in all. Matching pantry doors to cabinets. All new stainless appliances are less than 90 days old. There is tile and hardwood floors throughout. Lots of storage. New dual hot water heaters, Echo Bee thermostats less than a yr. Custom Solor Screens keep the home cool. Beautiful views surround this home. The kitchen has granite and a center island. Plantation shutters throughout. 9 Ceiling fans throughout. Custom Stone fire feature is included. Gas grill included. The 3-car garage has cabinets and hanging storage. Come make this home yours. Top Henderson schools nearby both private and public.
SEE MORE
- 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: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,460 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$449 | |
| Property Insurance | -$111 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$263
|
||
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.
$725,000
PROJECTED PRICE
$3,460
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
7.67
YEARS SAVED
$73,582
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,460
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$3,768
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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1343 Coulisse Street Henderson, NV 2
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- Rent Per SQFT
- $3,460
- $0.80
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2271 Pacini Court Henderson, NV 1
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LEASED 08/19/19- Rent
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- $3,300
- $0.76
-
2834 Poseidon Shore Avenue Henderson, NV 3
- 5 beds 5 baths ∙ 4,282 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,282 Sqft ∙ Built 2018
LEASED 01/28/20- Rent
- Rent Per SQFT
- $3,600
- $0.84
-
1208 Martini Drive Henderson, NV 4
- 4 beds 5 baths ∙ 4,203 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,203 Sqft ∙ Built 2002
LEASED 04/27/20- Rent
- Rent Per SQFT
- $3,700
- $0.88
-
2696 Botticelli Drive Henderson, NV 5
- 4 beds 5 baths ∙ 4,497 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,497 Sqft ∙ Built 2002
LEASED 08/07/19- Rent
- Rent Per SQFT
- $4,500
- $1.00
PROPERTY LISTING DETAILS
1.702.808.8302
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259863
Last Updated: 01/31/2021
