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2045 May Valley Way Henderson, NV 89052

3 Beds 3 Baths 2,190 sqft Built 2002

$700,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
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

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
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

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

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

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$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

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
$1,995
1$1,9952$2,3003$2,3004$2,3205$2,395
$2,395
RENT COMPS ANALYSIS
  • 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
Shirley A Brass
1.702.592.8207
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276439
Last Updated: 03/06/2021
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