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2134 County Down Lane Henderson, NV 89044

4 Beds 3 Baths 3,855 sqft Built 2016

$849,990

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $220.49
  • 2 Days on Market
  • MLS # : 2278378
  • Updated Date : 03/14/2021 at 00:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,855 sqft
  • Baths : 3 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

This property is a rare find in highly desirable Inspirada. Featuring a designer backyard on an oversized lot with privacy to enjoy the luxurious salt water pool, pebble tec, slate waterfalls & vanishing edge spa, surrounded by luscious greenery with dozens of iceberg white rose bushes to add to the beauty. Built in BBQ, gas fire pit & covered patio with TV, perfect for game day! HUGE side yard with turf & plenty of room to play with gorgeous views backing up to the community trail. If that isn’t enough, you are a short distance to several parks with lots of fun including resident only pool, playgrounds, skate park, dog park, basketball & tennis courts. The home has an open concept with a Guest Suite located downstairs to include a bedroom, den & 3/4 bathroom. All bedrooms upstairs are very spacious, separate from one another, plus a large loft. 3 car garage includes epoxy floors, tankless water heater and soft water system.

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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 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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$764,991$934,989$849,990

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$2,952
Property Tax -$583
Property Insurance -$102
Property Management Fees -$119
CASH FLOW
-$236

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.

$849,990

PROJECTED PRICE

$3,520

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,997

INVESTMENT

$230,997

Down Payment
$212,498
Rehab Estimate
$5,750
Closing Costs
$12,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,498
Loan Amount $637,493
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$35,667

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,325

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,2953$3,5204$3,6255$3,995
$3,995
RENT COMPS ANALYSIS
  • 2134 County Down Lane Henderson, NV 3
    • 4 beds 3 baths ∙ 3,855 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,855 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $0.91
    •  
  • 3225 Mist Effect Avenue Henderson, NV 1
    • 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,621 Sqft ∙ Built 2011
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.75
    •  
  • 1551 Via Della Scala #0 Henderson, NV 2
    • 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2003 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2003
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.81
    •  
  • 2513 Birch Hollow Street Henderson, NV 4
    • 5 beds 4 baths ∙ 4,178 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,178 Sqft ∙ Built 2015
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,625
    • $0.87
    •  
  • 3021 Merlesco Avenue Henderson, NV 5
    • 4 beds 5 baths ∙ 3,932 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,932 Sqft ∙ Built 2018
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Kathryn Mccoy
1.702.956.0042
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278378
Last Updated: 03/14/2021
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