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1883 Foro Romano Street Henderson, NV 89044

4 Beds 3 Baths 2,705 sqft Built 2015

$615,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $227.36
  • 7 Days on Market
  • MLS # : 2246766
  • Updated Date : 11/12/2020 at 08:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,705 sqft
  • Baths : 3 full
Listing Agent

Life Realty District

Listing Agent's Description

Stunning Toll Brothers Designer Home! Premier Location at the entrance of Inspirada- Village 1. This Exquisite Estate greets you with 10’ Ceilings, Gorgeous Chandeliers and an Enchanting Courtyard with fireplace. Walk into an Open Concept, Gourmet Kitchen complete with a Butlers Pantry and lovely Buffet Cabinetry. Large windows and sliders draws you out to the splendid backyard, wonderful for evenings entertaining guest! 2nd Level, Luxurious Master Suite with Balcony, State of The Art Home Theater System along with 2 Bedrooms & a Bath. 4th Bedroom downstairs with full bath. Nothing but the finest design features and finishes to complete this Masterpiece. Live a Dream in the Master Plan Community of Inspirada with endless luxury amenities, Tennis & Basketball Courts, Award Winning Parks, Trails & Pools. Enjoy Exclusive access to the Lavish Toll Brothers Clubhouse complete with Fitness Center & 2 Pools, another few steps away an additional Clubhouse & Jolly Beans Cafe, Welcome Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,269
Property Tax -$397
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$634

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.

$615,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.36%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,320

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,230
1$2,2302$2,2453$2,2504$2,3755$2,450
$2,450
RENT COMPS ANALYSIS
  • 1883 Foro Romano Street Henderson, NV 1
    • 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,705 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.82
    •  
  • 3145 Monet Sunrise Avenue Henderson, NV 2
    • 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2008
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.79
    •  
  • 1860 Canvas Edge Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 2,514 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,514 Sqft ∙ Built 2008
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 3177 Palazzo Reale Avenue #0 Henderson, NV 4
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 2010
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.85
    •  
  • 3169 Palazzo Reale Henderson, NV 5
    • 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 2008
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.90
    •  
PROPERTY LISTING DETAILS
Bruce Lee
1.808.688.7779
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246766
Last Updated: 11/12/2020
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