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2082 Fountain City Street Henderson, NV 89052

3 Beds 3 Baths 2,368 sqft Built 2004

$735,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $310.39
  • 4 Days on Market
  • MLS # : 2244428
  • Updated Date : 11/06/2020 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,368 sqft
  • Baths : 2 full , 1 half
Listing Agent

Life Realty District

Listing Agent's Description

Breathtaking Mountain Views, Blue Skies & Fresh Air Await the Next Fortunate Owners of this Absolutely Stunning Estate. This Gorgeous Single Story TRENTON MODEL w/ CASITA is Among the Most Desirable Models Throughout the Sun City Communities and This One Boasts Some of the Best Award Winning Mountain Views! Enter Your Private Gated Entry Leading into the Courtyard Where You Enjoy the Sounds of the Water Sculpture that is Centrally Located so it May be Viewed from Multiple Rooms & the Casita! Upon Entering the Estate, You are Immediately Greeted w/ a Bright Open Layout w/ Picturesque Mountain Views from the Living Room, Dining Room, Kitchen & Master Bedroom! Enjoy Cooking in Your Spectacular Kitchen Complete w/ All Stainless Appliances, Granite Counters All Centrally Located Making this Home Ideal for Entertaining! This Home is Truly One of a Kind & Comes w/ Full Surround Sound Throughout, Central Vac, Intercom System and Much Much More! Truly Turn-Key & a Must See! Welcome Home!!!

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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: 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
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
 

$661,500$808,500$735,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$2,712
Property Tax -$415
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$989

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.

$735,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.32%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$200,525

INVESTMENT

$200,525

Down Payment
$183,750
Rehab Estimate
$5,750
Closing Costs
$11,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,712

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $183,750
Loan Amount $551,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$778

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,386

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,3003$2,3304$2,3905$2,400
$2,400
RENT COMPS ANALYSIS
  • 2082 Fountain City Street Henderson, NV 3
    • 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.98
    •  
  • 2179 Crescent Heights Avenue Henderson, NV 1
    • 3 beds 1 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 1 baths ∙ 2,190 Sqft ∙ Built 2005
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.95
    •  
  • 2292 Canyonville Drive #0 Henderson, NV 2
    • 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2007
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
  • 17 Douglas Grove Road Henderson, NV 4
    • 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,172 Sqft ∙ Built 2004
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.10
    •  
  • 2374 Fayetteville Avenue Henderson, NV 5
    • 3 beds 4 baths ∙ 2,368 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,368 Sqft ∙ Built 2004
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.01
    •  
PROPERTY LISTING DETAILS
Salvatore D Martines
1.702.353.4119
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244428
Last Updated: 11/06/2020
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