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2120 Eagle Watch Drive Henderson, NV 89012

2 Beds 2 Baths 1,802 sqft Built 1997

$459,999

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $255.27
  • 4 Days on Market
  • MLS # : 2274516
  • Updated Date : 03/05/2021 at 04:39
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,802 sqft
  • Baths : 2 full
Listing Agent

Century 21 Americana

Listing Agent's Description

Welcome home! This beautiful single story home is located in Sun City MacDonald Ranch, 55+ community. The house features vaulted cathedral ceilings, spacious 2 Br+den,2 BA ,living room & dining room, family room, large kitchen with in-lay ceiling fan and with an reverse osmosis unit at sink, Primary bedroom with a walk-in closet, primary bathroom with shower & separate Tub. garage with storage cabinets and water softener. Mature landscaping and BBQ in the backyard. The fully enclosed patio with a wall A/C unit and a fan provides an additional 288 square feet that currently is being used as a great room or which can be used for other entertainment possibilities. Community offers Community Center with 18 hole Golf course, restaurant, swimming pool, pool tables, work out center, tennis, pickle-ball, social events, low HOA, great location minutes from shopping, 215 Frwy & GVR district & airport.(Furniture is negotiable outside of escrow)

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sun City MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sun City MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10011875

* 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$413,999$505,999$459,999

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,598
Property Tax -$217
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$255

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.

$459,999

PROJECTED PRICE

$1,740

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $344,999
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,951

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,852

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,7403$1,7504$1,7505$1,999
$1,999
RENT COMPS ANALYSIS
  • 2120 Eagle Watch Drive Henderson, NV 2
    • 2 beds 2 baths ∙ 1,802 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,802 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.97
    •  
  • 1853 Eagle Mesa Avenue Henderson, NV 1
    • 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.92
    •  
  • 1800 Eagle Mesa Avenue Henderson, NV 3
    • 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 1825 Tiger Creek Avenue Henderson, NV 4
    • 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 2074 High Mesa Drive Henderson, NV 5
    • 2 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.09
    •  
PROPERTY LISTING DETAILS
Agnes Kolos
1.702.283.9588
Century 21 Americana
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2274516
Last Updated: 03/05/2021
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