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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $348.62
- 26 Days on Market
- MLS # : 2242874
- Updated Date : 11/20/2020 at 16:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,725 sqft
- Baths : 3 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Welcome to this spectacular 3225sqft Sonata with casita model situated behind the gates of the premier golf community of Anthem Country Club. Premium lot and location highlight golf and mountain views. Inviting curb appeal features pleasing elevation, stamped concrete, and attractive landscapes. Courtyard entry leads to a beautiful eight-foot carved entry door. This popular Sonata model is elegant yet comfortable and features flexible living spaces including a newly constructed casita with floor to ceiling sliding panel doors. Open concept kitchen and dining room create an ideal space for relaxing or entertaining. Remodeled kitchen is treated to custom cabinetry, granite counters, professional Thermador appliances, and a bright dining nook. Stylish finishes consist of hardwood floors, contemporary tile, plush carpet, shutters, ten-foot ceilings, and designer two-tone paint. Outdoor living includes a covered patio, pool, spa, view fence, and a courtyard.
SEE MORE
- 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: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,990 |
| EXPENSES | Loan Payment | -$3,505 |
| Property Tax | -$558 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,272
|
||
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.
$950,000
PROJECTED PRICE
$2,990
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$257,500
LOAN DETAILS
$3,505
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $237,500 |
| Loan Amount | $712,500 |
0.42
YEARS SAVED
$971
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,990
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,248
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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- $2,295
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LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,595
- $0.92
PROPERTY LISTING DETAILS
1.702.436.3615
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2242874
Last Updated: 11/20/2020
