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2081 Ponticello Drive Henderson, NV 89052

4 Beds 4 Baths 3,328 sqft Built 2004

$799,999

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $240.38
  • 5 Days on Market
  • MLS # : 2269415
  • Updated Date : 02/12/2021 at 23:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,328 sqft
  • Baths : 4 full
Listing Agent

General Realty Group Inc

Listing Agent's Description

GORGEOUS 1 STORY HOME IN HENDERSON. 4 BEDROOMS, 4 FULL BATHROOMS PLUS AN OFFICE. 3 CAR GARAGE WITH EPOXY FLOORING. FRONT DOOR OPENS TO SPACIOUS FLOORPLAN. TRAVERTINE, HARDWOOD FLOORS AND UPGRADED BASEBOARDS THROUGHOUT.SPACIOUS BREAKFAST BAR IN KITCHEN WITH QUARTZ COUNTERTOPS FEATURING WATERFALL EDGE AND STAINLESS STEEL APPLIANCES.CUSTOM BUFFET AND DRY BEVERAGE CENTER.LARGE MASTER BEDROOM WITH CUSTOM WALK-IN CLOSET.CUSTOM HOME OFFICE. SPACIOUS GREAT ROOM WITH CUSTOM ENTERTAINMENT CENTER

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
Frank Lamping Elementary School Primary Regular 705 38 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Frank Lamping Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 38
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
 

$719,999$879,999$799,999

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$2,779
Property Tax -$399
Property Insurance -$92
Property Management Fees -$119
CASH FLOW
-$88

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.

$799,999

PROJECTED PRICE

$3,300

PROJECTED RENT

0.41%

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$0.0$10k$20k$30k$40k

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$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $599,999
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$46,374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,403

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3003$3,4954$3,5005$3,995
$3,995
RENT COMPS ANALYSIS
  • 2081 Ponticello Drive Henderson, NV 2
    • 4 beds 4 baths ∙ 3,328 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,328 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.99
    •  
  • 2124 Horse Prairie Drive Henderson, NV 1
    • 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2004
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.93
    •  
  • 1327 Coulisse Street Henderson, NV 3
    • 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.96
    •  
  • 2196 Big Bar Drive Henderson, NV 4
    • 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2006
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.04
    •  
  • 35 Moraine Drive Henderson, NV 5
    • 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,449 Sqft ∙ Built 2001
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.16
    •  
PROPERTY LISTING DETAILS
Chandler Prasad
1.702.807.4317
General Realty Group Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269415
Last Updated: 02/12/2021
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