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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $222.33
- 5 Days on Market
- MLS # : 2256073
- Updated Date : 12/19/2020 at 02:30
CONSTRUCTION
- Beds : 4
- Floor Size : 3,328 sqft
- Baths : 4 full
Listing Agent
Presidio Real Estate Services
Listing Agent's Description
Highly popular, over 3300 sqft single story with a HUGE lot (RV Parking) in Anthem, 4 bedroom plus den and office. Kitchen opens up to a spacious great room with custom flooring and beautiful gas fireplace. Breathtaking private back yard that has incredible strip views at night. Backyard paradise including a gorgeous pool and spa with a built in gas bbq, perfect for entertaining.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,290 |
| EXPENSES | Loan Payment | -$2,730 |
| Property Tax | -$440 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$90
|
||
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.
$739,900
PROJECTED PRICE
$3,290
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$201,824
LOAN DETAILS
$2,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $184,975 |
| Loan Amount | $554,925 |
5.42
YEARS SAVED
$51,097
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,290
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$3,403
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
2089 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
- $3,290
- $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
1.702.556.3234
Presidio Real Estate Services
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256073
Last Updated: 12/19/2020
