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2033 May Valley Way Henderson, NV 89052

3 Beds 3 Baths 3,175 sqft Built 2002

$745,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $234.65
  • 6 Days on Market
  • MLS # : 2259488
  • Updated Date : 01/06/2021 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,175 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

GORGEOUS ANTHEM MODEL HOME W/STRIP & MOUNTAIN VIEWS ON AN ELEVATED PREMIUM CORNER LOT! BEAUTIFUL LANDSCAPING, EXCEPTIONAL CURB APPEAL & PEACEFUL KOI POND W/WATERFALL BY FRONT ENTRY * BACKYARD PARADISE W/COVERED PATIO, SHADED PARK-LIKE SETTING, POOL, SPA, VIEWING DECK * KITCHEN WITH CUSTOM CABINETS, GRANITE COUNTERS, DOUBLE OVENS, ISLAND & BREAKFAST NOOK * LARGE MASTER HAS 2 WALK-IN CLOSETS * HUGE GREAT ROOM W/WET BAR FOR ENTERTAINING * SEPARATE FAMILY ROOM W/FIREPLACE * JR MASTER W/BATH * 3RD BEDROOM W/MURPHY BED * CROWN MOLDING & SO MUCH MORE * MUST SEE!!! * ***CHECK OUT MATTERPORT VIRTUAL TOUR TO EXPLORE ROOMS & FLOOR PLAN***

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
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
 

$670,500$819,500$745,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,588
Property Tax -$428
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$503

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.

$745,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$203,175

INVESTMENT

$203,175

Down Payment
$186,250
Rehab Estimate
$5,750
Closing Costs
$11,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,588

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $186,250
Loan Amount $558,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$12,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,738

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,5003$2,5504$2,7205$2,800
$2,800
RENT COMPS ANALYSIS
  • 2033 May Valley Way Henderson, NV 4
    • 3 beds 3 baths ∙ 3,175 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,175 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.86
    •  
  • 3136 Whitfeild Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 2,958 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,958 Sqft ∙ Built 2008
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.84
    •  
  • 2875 Donegal Street Henderson, NV 2
    • 4 beds 2 baths ∙ 2,835 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,835 Sqft ∙ Built 2004
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 3066 Via Del Corso Henderson, NV 3
    • 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2002
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.85
    •  
  • 2079 Cotton Valley Street Henderson, NV 5
    • 3 beds 3 baths ∙ 3,172 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,172 Sqft ∙ Built 2004
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.88
    •  
PROPERTY LISTING DETAILS
Deborah Sutton
1.702.890.1559
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259488
Last Updated: 01/06/2021
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