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1632 Wellington Springs Avenue Henderson, NV 89052

2 Beds 1 Baths 1,715 sqft Built 2001

$399,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $232.65
  • 10 Days on Market
  • MLS # : 2278223
  • Updated Date : 03/20/2021 at 15:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,715 sqft
  • Baths : 1 full
Listing Agent

Simply Vegas

Listing Agent's Description

LOVELY HOME IN POPULAR SUN CITY ANTHEM! THIS 2-BEDROOM + DEN PATRIOT FLOOR PLAN HAS GREAT ROOM THAT OPENS TO THE DINING AREA AND KITCHEN. KITCHEN FEATURES CENTER ISLAND WITH PLENTY OF CABINET AND COUNTER SPACE AND EAT-IN NOOK. SPACIOUS PRIMARY BEDROOM WITH BAY WINDOWS. SECONDARY BEDROOM WITH HALLWAY BATHROOM. DEN/OFFICE WITH LOTS OF LIGHT! BRAND NEW 2.5" WHITE HORIZONTAL BLINDS, NEW CURTAINS, LAMINATE WOOD FLOORING INSTALLED SEPT 2020 IN ON-TREND GREY/BEIGE COLORS. NEW PAINT IN DINING AREA AND GREAT ROOM. SCREENED-IN PATIO IS JUST RIGHT FOR HAVING YOUR MORNING COFFEE AND ENJOYING THE BACKYARD. HOME HAS BEEN PROFESSIONALLY CLEANED. EASY-CARE LANDSCAPING WITH DESERT PLANTS AND ROCKS. SUN CITY ANTHEM IS A FABULOUS 55+ AGE RESTRICTED COMMUNITY WHERE RESIDENTS CAN ENJOY ALL THREE CLUBHOUSES -- INDOOR/OUT SWIMMING POOLS, BACCI BALL, PICKLE BALL, TENNIS, TWO COMMUNITY GOLF COURSES, CLUBS AND AN AMAZING SOCIAL CALENDAR!

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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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,386
Property Tax -$240
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$46

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.

$399,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$22,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,775

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6754$1,7605$1,900
$1,900
RENT COMPS ANALYSIS
  • 1632 Wellington Springs Avenue Henderson, NV 4
    • 2 beds 1 baths ∙ 1,715 Sqft ∙ Built 2001 2 beds 1 baths ∙ 1,715 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.03
    •  
  • 3013 Hartsville Road #0 Henderson, NV 1
    • 2 beds 2 baths ∙ 1,632 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,632 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 3023 Lake Barkley Road Henderson, NV 2
    • 2 beds 2 baths ∙ 1,585 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,585 Sqft ∙ Built 2002
    property image
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 1660 Rockcrest Hills Avenue Henderson, NV 3
    • 2 beds 2 baths ∙ 1,585 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,585 Sqft ∙ Built 2001
    property image
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.06
    •  
  • 1624 Williamsport Street Henderson, NV 5
    • 2 beds 1 baths ∙ 1,837 Sqft ∙ Built 1999 2 beds 1 baths ∙ 1,837 Sqft ∙ Built 1999
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.03
    •  
PROPERTY LISTING DETAILS
Helen E Riley
1.702.622.6960
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278223
Last Updated: 03/20/2021
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