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1613 Sabatini Drive Henderson, NV 89052

5 Beds 3 Baths 3,038 sqft Built 2001

$589,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $193.88
  • 24 Days on Market
  • MLS # : 2249939
  • Updated Date : 12/11/2020 at 17:08
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,038 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*BEAUTIFUL 2 STORY HOME LOCATED IN SEVEN HILLS*GORGEOUS LOW MAINTENANCE DESERT LANDSCAPING*NO REAR NEIGHBORS*2 CAR GARAGE*NEW ACS & POWERED CURTAINS*CENTRAL VAC INSTALLED*LARGE FAMILY ROOM UPON ENTERING*BEAUTIFUL TILE FLOORING*SPACIOUS KITCHEN WITH TONS OF NATURAL LIGHTING, LARGE ISLAND, GRANITE COUNTER TOPS, BREAKFAST BAR/EATING AREA, GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, CUSTOM CABINETS, & RECESSED LIGHTING*SPACIOUS LIVING ROOM WITH RECESSED LIGHTING & SURROUND SYSTEM*2 MASTER BEDROOMS UPSTAIRS*MASTER BEDROOM WITH LARGE WALK IN CLOSET, FRENCH DOORS & SHOWER & TUB WITH JETS*2ND MASTER BATH WITH DOUBLE SINKS*SEPARATE LAUNDRY ROOM*BEAUTIFUL BACKYARD WITH POOL & SPA*BEAUTIFUL WATERFALL & HEATED*GARDEN AREA*COVERED PATIO WITH TONS OF ROOM FOR ENTERTAINMENT*FRESHLY PAINTED DECK & PATIO*ALARM SYSTEM*NEAR SHOPPING & DINING*

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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: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

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

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,173
Property Tax -$365
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$33

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.

$589,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$44,429

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,666

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,5504$2,7105$2,795
$2,795
RENT COMPS ANALYSIS
  • 1613 Sabatini Drive Henderson, NV 4
    • 5 beds 3 baths ∙ 3,038 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,038 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $0.89
    •  
  • 1654 Sabatini Drive Henderson, NV 1
    • 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.84
    •  
  • 1717 Sabatini Drive Henderson, NV 2
    • 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 3066 Via Del Corso Henderson, NV 3
    • 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2002
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.85
    •  
  • 3047 Via Sarafina Drive Henderson, NV 5
    • 4 beds 2 baths ∙ 2,984 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,984 Sqft ∙ Built 1999
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.94
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249939
Last Updated: 12/11/2020
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