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2084 Sutton Way Henderson, NV 89074

3 Beds 2 Baths 2,612 sqft Built 1990

$539,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $206.70
  • 4 Days on Market
  • MLS # : 2254800
  • Updated Date : 12/12/2020 at 13:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,612 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

OASIS IN THE HEART OF GREEN VALLEY - Tropical landscaping with multiple Canary Island Palms, lovely pool and spa, fully fenced. Superior, interior lot. Courtyard leads to a lovely formal home with living, dining, family, 3beds, 3 baths and den. Marble flooring throughout except living area. Built-ins in family and den. 2 fireplaces. All appliances have been regularly serviced. Oversized garage with storage. Central vac. Buyer and Buyer's agent to confirm all measurements. Sale subject to Private Trustee review and approval - no court or probate involved. Ready for holiday move-in!!! House next door just sold in 3 days with multiple offers - don't wait or you will miss this one!!!

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
 

$485,910$593,890$539,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,992
Property Tax -$305
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
-$104

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.

$539,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.44%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$33,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,142

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,870
1$1,8702$1,9753$2,2004$2,3005$2,390
$2,390
RENT COMPS ANALYSIS
  • 2084 Sutton Way Henderson, NV 5
    • 3 beds 2 baths ∙ 2,612 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,612 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.92
    •  
  • 2042 Angel Falls Drive Henderson, NV 1
    • 4 beds 2 baths ∙ 2,409 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,409 Sqft ∙ Built 1990
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.78
    •  
  • 1948 Barranca Drive Henderson, NV 2
    • 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 1991
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.80
    •  
  • 306 Lindbrook Street #0 Henderson, NV 3
    • 4 beds 2 baths ∙ 2,783 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,783 Sqft ∙ Built 2000
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 1914 Coralino Drive Henderson, NV 4
    • 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,525 Sqft ∙ Built 1993
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kristina Rind
1.702.296.4141
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254800
Last Updated: 12/12/2020
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