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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $319.63
- 2 Days on Market
- MLS # : 2276439
- Updated Date : 03/06/2021 at 19:16
CONSTRUCTION
- Beds : 3
- Floor Size : 2,190 sqft
- Baths : 3 full
Listing Agent
Keller Williams Southern Nevada
Listing Agent's Description
GOLD KEY LIBERTY W/CASITA AND POOL ON CULDESAC*-LARGE 2BR+PRVT GUEST SUITE AND HOBBY ROOM*CUSTOM UPGRADES EVERY ROOM-GREAT KITCHEN FOR ENTERTAINING ALL UPGRADED GRANITE-*CROWN MOLDING*CUSTOM LIGHTS-DIMMERS-STORAGE-OVERSIZED CASITA*HOBBY ROOM PLUS DEN W/BUILT INS*EXTD PATIO*LARGE GUEST ROOM PLUS SEPARATE GUEST HOUSE*SELF CLNG POOL & SPA, VERY PRIVATE-SECURITY GATE FRONT COURTYARD-2 WAY FIREPLACE, SHUTTERS*NEWER AC, GORGEOUS CUSTOM HOME AND READY NOW*EXTRA HALF-CAR GARAGE FOR STORAGE*YOU WILL LOVE IT-PERFECT INTERIOR DESIGN*THIS IS A TOTALLY CUSTOMIZED 'GOLD KEY' HOME, WIDER DOORWAYS, OPEN INSIDE W/WALLS MOVED*WELL MAINTAINED*HOA 101/MONTHLY INCLUDES*SUN CITY ANTHEM Community facilities include club house, fitness center, community pools, tennis, bocce, paddle tennis, pickleball courts, theater & renowned Sun City Anthem golf courses! Sun City Anthem is consistently in the top senior citizen communities in the country.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$2,431 |
| Property Tax | -$339 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$639
|
||
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.
$700,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$191,250
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $175,000 |
| Loan Amount | $525,000 |
1.5
YEARS SAVED
$5,689
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$2,195
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
2045 May Valley Way Henderson, NV 4
- 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,190 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,320
- $1.06
-
2843 Forest Grove Drive #--- Henderson, NV 1
- 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2000
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
-
3132 Nevelson Walk Henderson, NV 2
- 4 beds 4 baths ∙ 2,266 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,266 Sqft ∙ Built 2013
LEASED 10/29/20- Rent
- Rent Per SQFT
- $2,300
- $1.02
-
2302 Desert Fox Drive Henderson, NV 3
- 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2002
LEASED 02/12/21- Rent
- Rent Per SQFT
- $2,300
- $1.05
-
2591 Highmore Avenue Henderson, NV 5
- 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2001
LEASED 09/02/20- Rent
- Rent Per SQFT
- $2,395
- $1.03
PROPERTY LISTING DETAILS
1.702.592.8207
Keller Williams Southern Nevada
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2276439
Last Updated: 03/06/2021
