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1638 Danbury Crossing Drive Henderson, NV 89052

2 Beds 1 Baths 1,632 sqft Built 2001

INVESTimate

$385,000

List Price

$1,580

$1,422 - $1,738

Rent Est.

$404,673  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $235.91
  • 2 Days on Market
  • MLS # : 2223352
  • Updated Date : 08/25/2020 at 17:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,632 sqft
  • Baths : 1 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Beautiful Monroe model showing pride of ownership. Warm and inviting, the home is well maintained. There are two bedroom, two baths, a great room with fireplace, separated dining area, and a bonus room connected to the laundry room. Kitchen has breakfast bar and dining area. Exterior has been painted this year. Patio is extended with new, insulated patio roof. Fan lights in living area, and bedrooms, as well as in the covered patio. Water heater is brand new and has existing warranty. The home has great curb appeal, beautifully landscaped with steps leading to a sitting area and to the main entrance. There is no neighbor in the back of the house. All you can see is greenery and trees.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,420
Property Tax -$238
Property Insurance -$59
HOA -$303
Property Management Fees -$119
CASH FLOW
-$560

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.

$385,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.11%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$93

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,701

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6003$1,6004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 1638 Danbury Crossing Drive Henderson, NV 1
    • 2 beds 1 baths ∙ 1,632 Sqft ∙ Built 2001 2 beds 1 baths ∙ 1,632 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.97
    •  
  • 1608 Langston Hughes Street #-- Henderson, NV 2
    • 2 beds 1 baths ∙ 1,616 Sqft ∙ Built 2001 2 beds 1 baths ∙ 1,616 Sqft ∙ Built 2001
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 2505 Springville Henderson, NV 3
    • 2 beds 1 baths ∙ 1,512 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,512 Sqft ∙ Built 2000
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 2617 Harrisburg Avenue Henderson, NV 4
    • 2 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,512 Sqft ∙ Built 2000
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 2612 Harrisburg Avenue Henderson, NV 5
    • 2 beds 1 baths ∙ 1,512 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,512 Sqft ∙ Built 2000
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
PROPERTY LISTING DETAILS
Laura Au-yeung
1.702.885.4904
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223352
Last Updated: 08/25/2020
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