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PROPERTY INFO
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
- 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
* 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 | $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
| 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
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
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
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2276 Saxtons River Road #2276 Henderson, NV 1
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LEASED 10/31/20- Rent
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- $1,995
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2219 Bannerwood Street Henderson, NV 3
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LEASED 01/04/21- Rent
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- $1,995
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2211 Waterton Rivers Drive Henderson, NV 5
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LEASED 11/12/20- Rent
- Rent Per SQFT
- $2,050
- $0.98
PROPERTY LISTING DETAILS
1.702.521.9901
Silver Dome Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2266274
Last Updated: 02/03/2021
