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2092 Sutton Way Henderson, NV 89074

5 Beds 4 Baths 4,851 sqft Built 1990

$799,999

List Price

$3,680

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $164.91
  • 8 Days on Market
  • MLS # : 2255487
  • Updated Date : 12/16/2020 at 15:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,851 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Gorgeous Home located in the heart of Henderson ~ Spacious living room with vaulted ceilings ~ Large family room with wet bar area ~ Spacious loft with a theater and pool table for entertainment ~ 5 total bedrooms with 1 downstairs ~ Lush backyard and custom pool with rock water slide and spa ~ Artificial turf throughout the front and backyard ~ Huge oversized lot over 1/3 of an acre ~ Rolladen rolling shutters for Protection, security, and energy efficiency ~ Gated Community ~ and much more ~

SEE MORE

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: 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
 

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

PURCHASE PRICE

$3,312$4,048$3,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,680
EXPENSES Loan Payment -$2,952
Property Tax -$484
Property Insurance -$121
Property Management Fees -$119
CASH FLOW
$4

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

$3,680

PROJECTED RENT

0.46%

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$2.5M$3.0M

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$2.5M

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 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $599,999
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$63,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,680

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $3,687

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$3,395
1$3,3952$3,5003$3,6004$3,6005$3,680
$3,680
RENT COMPS ANALYSIS
  • 2092 Sutton Way Henderson, NV 5
    • 5 beds 4 baths ∙ 4,851 Sqft ∙ Built 1990 5 beds 4 baths ∙ 4,851 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $0.76
    •  
  • 2453 Ping Drive Henderson, NV 1
    • 4 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996 4 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.73
    •  
  • 2405 Ping Drive Henderson, NV 2
    • 6 beds 4 baths ∙ 4,636 Sqft ∙ Built 1997 6 beds 4 baths ∙ 4,636 Sqft ∙ Built 1997
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.75
    •  
  • 2421 Tour Edition Drive Henderson, NV 3
    • 5 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996 5 beds 5 baths ∙ 4,636 Sqft ∙ Built 1996
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.78
    •  
  • 2408 Tour Edition Drive #0 Henderson, NV 4
    • 5 beds 5 baths ∙ 4,621 Sqft ∙ Built 1992 5 beds 5 baths ∙ 4,621 Sqft ∙ Built 1992
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Brian Tseng
1.702.803.6656
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255487
Last Updated: 12/16/2020
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