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20 Brays Island Drive Henderson, NV 89052

4 Beds 4 Baths 2,725 sqft Built 1999

$950,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

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

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: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k608k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802696

* 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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

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
$2,000
1$2,0002$2,1003$2,2954$2,5955$2,990
$2,990
RENT COMPS ANALYSIS
  • 20 Brays Island Drive Henderson, NV 5
    • 4 beds 4 baths ∙ 2,725 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,725 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.10
    •  
  • 2384 Rainswept Henderson, NV 1
    • 4 beds 4 baths ∙ 2,545 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,545 Sqft ∙ Built 1999
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 1394 Adagietto Henderson, NV 2
    • 4 beds 4 baths ∙ 2,736 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,736 Sqft ∙ Built 2001
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 2265 Ripresa Place Henderson, NV 3
    • 4 beds 4 baths ∙ 2,813 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,813 Sqft ∙ Built 2002
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.82
    •  
  • 2268 Lyrical Road Henderson, NV 4
    • 3 beds 4 baths ∙ 2,829 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,829 Sqft ∙ Built 2002
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.92
    •  
PROPERTY LISTING DETAILS
Leslie S Carver
1.702.436.3615
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242874
Last Updated: 11/20/2020
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