Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $235.16
- 2 Days on Market
- MLS # : 2250042
- Updated Date : 11/21/2020 at 21:20
CONSTRUCTION
- Beds : 3
- Floor Size : 2,190 sqft
- Baths : 1 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Beautiful one story with amazing Strip and mountain view!! 3 bedroom, 2 bath with formal dining and living as well as family room with custom built in entertainment center. Primary bedroom has a slider to the back yard, and primary closet has custom built ins, as well as a separate closet with mirrored doors. Surround sound throughout the home except for guest bedroom. Security Rolladen Shutters on all window except decorative iron door and window. Laundry room has its own walk-in pantry with sink and built in cabinets on both sides. Big farm sink in kitchen along with pull out drawers in cabinets. Extra pantry in kitchen! Beautiful pendant lights over breakfast bar. Spotless epoxy floor in garage with built in cabinets. There is also extra side space for golf cart. RO system and water softener. Backyard is an entertainers dream with landscaping and strip views!! Hurry!! This will NOT last!!
SEE MORE
- 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: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,900 |
| Property Tax | -$298 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$537
|
||
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.
$515,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$142,225
LOAN DETAILS
$1,900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
1.33
YEARS SAVED
$3,793
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,020
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
2110 Gunnison Place Henderson, NV 2
- 3 beds 1 baths ∙ 2,190 Sqft ∙ Built 2006 3 beds 1 baths ∙ 2,190 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,850
- $0.84
-
2268 Manosque Lane Henderson, NV 1
- 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 2006
LEASED 10/09/19- Rent
- Rent Per SQFT
- $1,600
- $0.84
-
2341 Shorewood Hills Avenue Henderson, NV 3
- 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.93
-
2179 Crescent Heights Avenue Henderson, NV 4
- 3 beds 1 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 1 baths ∙ 2,190 Sqft ∙ Built 2005
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,075
- $0.95
-
2292 Canyonville Drive #0 Henderson, NV 5
- 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2007
LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.97
PROPERTY LISTING DETAILS
1.702.521.3499
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2250042
Last Updated: 11/21/2020
