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1600 Thoreau Ct. Henderson, NV 89052

2 Beds 3 Baths 2,769 sqft Built 2001

$719,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $259.99
  • 10 Days on Market
  • MLS # : 2241816
  • Updated Date : 11/01/2020 at 09:19
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,769 sqft
  • Baths : 2 full , 1 half
Listing Agent

All Vegas Valley Realty

Listing Agent's Description

Fantastic Monticello model situated on a quiet cul-de-sac. Cool off in the new pool-spa on this 16,988 sq.ft. lot large enough to accommodate a guest house-casita, pool house, gazebo. Kitchen boasts a large island, skylights, stainless appliances, range hood, quartz counters, glass tile backsplash, maple kitchen cabinets and custom cabinets in dining area. The Great Room has a fireplace, custom cabinets, surround sound. Double door entry leads to large MBR w/huge walk-in closet and built in organizers. The secondary bedroom ensuite has a full bath. Lovely half bath in the hall for your guests. Spacious office with built-in office cabinets and shelving. Wood floors, shutters and ceiling fans throughout the home. New Heat/AC units in January. The covered patio is perfect for relaxation after cooling off in the pool surrounded by cool decking and there's a barbecue stub to connect your grill. 3 car garage w/storage. New disposal, water softener and paint in/out. Meticulously maintained!

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
Shirley And Bill Wallin Elementary School Primary Regular 1,067 51 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Shirley And Bill Wallin Elementary School

  • Education Level: Primary
  • # of students: 1,067
  • # of teachers: 51
10
GreatSchools Rating

Del E Webb Middle School

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

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$647,910$791,890$719,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$2,656
Property Tax -$425
Property Insurance -$81
HOA -$101
Property Management Fees -$119
CASH FLOW
-$992

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.

$719,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.33%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,524

INVESTMENT

$196,524

Down Payment
$179,975
Rehab Estimate
$5,750
Closing Costs
$10,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,656

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,975
Loan Amount $539,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$453

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,374

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,3903$2,4504$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 1600 Thoreau Ct. Henderson, NV 2
    • 2 beds 3 baths ∙ 2,769 Sqft ∙ Built 2001 2 beds 3 baths ∙ 2,769 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.86
    •  
  • 2584 Evening Sky Henderson, NV 1
    • 2 beds 3 baths ∙ 2,769 Sqft ∙ Built 2001 2 beds 3 baths ∙ 2,769 Sqft ∙ Built 2001
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 1211 Panini Drive #0 Henderson, NV 3
    • 2 beds 3 baths ∙ 2,840 Sqft ∙ Built 2001 2 beds 3 baths ∙ 2,840 Sqft ∙ Built 2001
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
  • 2860 Patriot Park Place #0 Henderson, NV 4
    • 2 beds 2 baths ∙ 2,592 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,592 Sqft ∙ Built 2001
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
  • 3045 Lehman Cave Court #0 Henderson, NV 5
    • 2 beds 3 baths ∙ 2,814 Sqft ∙ Built 2003 2 beds 3 baths ∙ 2,814 Sqft ∙ Built 2003
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
PROPERTY LISTING DETAILS
Valery J Klaric
1.702.521.3017
All Vegas Valley Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2241816
Last Updated: 11/01/2020
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