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2118 Sandstone Cliffs Drive Henderson, NV 89044

2 Beds 2 Baths 2,096 sqft Built 2006

$515,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $245.71
  • 6 Days on Market
  • MLS # : 2266274
  • Updated Date : 02/03/2021 at 21:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,096 sqft
  • Baths : 2 full
Listing Agent

Silver Dome Realty

Listing Agent's Description

Gorgeous single story, 2 bedrm, 2 full baths, & den, with spacious living room/dining room; in Sun City Anthem. This home shows pride of ownership & is in outstanding condition. Front courtyard has a raised area with a table, benches, strip view and a fountain. Living room has Pergo floor, entry foyer, & ceiling fan with lights. Dining room is open to the living room, with a chandelier, & sliding glass door to the covered patio. Kitchen has Corian counter tops, 19" tile floor, island, eating bar, ceiling fan with light, recessed lighting, lots of cabinets & a large pantry, gas cooktop, built in electric convection oven, built in microwave, & a breakfast nook. Den off living room with Pergo floor, & ceiling fan with light. Hall has a coat closet, linen closet, & a utility closet. Huge 24'x14' primary bedroom with ceiling fan & walk in closet. Primary bath has double sinks, garden tub, & separate stall shower. Putting green in backyard, mountain views, a block wall and no houses behind

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: 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
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,789
Property Tax -$283
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$249

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

$2,010

PROJECTED RENT

0.39%

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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,285

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$1,9954$2,0105$2,050
$2,050
RENT COMPS ANALYSIS
  • 2118 Sandstone Cliffs Drive Henderson, NV 4
    • 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.96
    •  
  • 2276 Saxtons River Road #2276 Henderson, NV 1
    • 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 2157 Bliss Corner Street Henderson, NV 2
    • 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 2219 Bannerwood Street Henderson, NV 3
    • 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2006
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 2211 Waterton Rivers Drive Henderson, NV 5
    • 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2005 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2005
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.98
    •  
PROPERTY LISTING DETAILS
Shari A Springer
1.702.521.9901
Silver Dome Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266274
Last Updated: 02/03/2021
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