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2093 Sawtooth Mountain Drive Henderson, NV 89044

3 Beds 2 Baths 1,496 sqft Built 2005

$449,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $300.13
  • 3 Days on Market
  • MLS # : 2280218
  • Updated Date : 03/20/2021 at 01:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,496 sqft
  • Baths : 2 full
Listing Agent

Re/max Advantage

Listing Agent's Description

BEAUTIFULLY MAINTAINED DELAWARE MODEL W/CASITA LOCATED IN THE PRESTIGIOUS 55+ COMMUNITY OF SUN CITY ANTHEM! AS YOU ENTER INTO THE COURTYARD OF THIS HOME YOU SEE THE EXCEPTIONAL CONDITION W/ A SPACIOUS EAT-IN KITCHEN W WOW APPLIANCES THAT INCLUDE THE REFRIGERATOR, GRANITE COUNTERS, PANTRY AND A BREAK FAST BAR. SPACIOUS PRIMARY BEDROOM W/FRENCH DOOR LEADING TO COVERED PATIO; PRIMARY BATHROOM HAS DUAL SINK VANITY AND OVERSIZED WALK IN SHOWER! THE PRIVATE CASITA IS COMPLETE W/A FULL BEDROOM/BATHROOM - A PERFECT HOME OFFICE OR GUEST SUITE! THE WASHER/DRYER TO CONVEY WITH THE HOME

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Shirley And Bill Wallin Elementary School Primary Regular 1,067 51 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Shirley And Bill Wallin Elementary School

  • Education Level: Primary
  • # of students: 1,067
  • # of teachers: 51
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,560
Property Tax -$242
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$407

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.

$449,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.35%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,926

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,548

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6503$1,6504$1,6905$1,695
$1,695
RENT COMPS ANALYSIS
  • 2093 Sawtooth Mountain Drive Henderson, NV 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.05
    •  
  • 2123 Pepperell Avenue Henderson, NV 2
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 2006
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 2110 Pepperell Avenue Henderson, NV 3
    • 3 beds 1 baths ∙ 1,610 Sqft ∙ Built 2006 3 beds 1 baths ∙ 1,610 Sqft ∙ Built 2006
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 2221 Idaho Falls Drive Henderson, NV 4
    • 3 beds 1 baths ∙ 1,610 Sqft ∙ Built 2006 3 beds 1 baths ∙ 1,610 Sqft ∙ Built 2006
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.05
    •  
  • 2222 Sawtooth Mountain Drive Henderson, NV 5
    • 3 beds 1 baths ∙ 1,610 Sqft ∙ Built 2005 3 beds 1 baths ∙ 1,610 Sqft ∙ Built 2005
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.05
    •  
PROPERTY LISTING DETAILS
Rebecca L Mckenna-inman
1.702.501.2322
Re/max Advantage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280218
Last Updated: 03/20/2021
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