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2082 Sutton Way Henderson, NV 89074

3 Beds 2 Baths 2,200 sqft Built 1990

$519,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $235.91
  • 3 Days on Market
  • MLS # : 2249707
  • Updated Date : 11/20/2020 at 19:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,200 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

BREATH TAKING OASIS IN THE HEART OF GREEN VALLEY. :) Tropical Landscaping, with Fountains, Umbrellas, Patios & Pool (Auto Cover) A Jewel for Entertaining or Just Relaxing in Paradise.. :) Bright, Spacious and Open. Elegant Custom Flooring & Base T/O. Designer Coated Concrete, Bamboo & Solid Woods. Complete Modernized-Upgraded Kitchen (All the Appliances) Flooring, Countertops and Cabinets (with soft close & pull outs). Great Room with Wet Bar, Custom Fireplace, Including the the Big Screen with Large Sliding Doors and Windows to the back Covered Patio. Elegant Primary Suite & Bath with all the amenities. Additional Extras Include: Custom Remote Ceiling Fans, Lighting, Primary Bedroom Built-In Automatic Humidifier, Anderson Windows, & Oversized Garage with Storage. PLUS MUCH MORE!!!!

SEE MORE

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: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
James Gibson Elementary School Primary Regular 490 28 8
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

James Gibson Elementary School

  • Education Level: Primary
  • # of students: 490
  • # of teachers: 28
8
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$467,100$570,900$519,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,915
Property Tax -$272
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$296

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.

$519,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,915

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$16,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,9804$1,9955$2,080
$2,080
RENT COMPS ANALYSIS
  • 2082 Sutton Way Henderson, NV 5
    • 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.95
    •  
  • 331 Santa Monica Drive Henderson, NV 1
    • 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,025 Sqft ∙ Built 1985
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 2059 Club Crest Way Henderson, NV 2
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1989
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 380 Legacy Henderson, NV 3
    • 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,096 Sqft ∙ Built 1989
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.94
    •  
  • 295 Comfort Drive Henderson, NV 4
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 1989
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
PROPERTY LISTING DETAILS
Cary Yarbrough
1.702.595.7556
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249707
Last Updated: 11/20/2020
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