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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $229.99
- 3 Days on Market
- MLS # : 2256469
- Updated Date : 12/19/2020 at 16:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,304 sqft
- Baths : 2 full
Listing Agent
Urban Nest Realty
Listing Agent's Description
Gorgeous Upgraded 1 Story Home in Anthem on an Oversized Corner Lot! Stone front accents and lit paver walkway. Security entry, Ceiling fans and plantation shutters, FP in family. Primary bedroom 2 sets of WI Closets, Granite countertops t/o Kitchen /Baths & Office. Office or Den includes built-in desk w/granite top & built-in upper cabinets & file cabinet. Garage has built-in cabinets & Water softener. BBQ stub @ patio, Professionally landscaped yard with artificial grass, side patio w/paver walk path. Must see!
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: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,370 |
| EXPENSES | Loan Payment | -$1,955 |
| Property Tax | -$328 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$104
|
||
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.
$529,900
PROJECTED PRICE
$2,370
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 4.7% |
| 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
$146,174
LOAN DETAILS
$1,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,475 |
| Loan Amount | $397,425 |
5.17
YEARS SAVED
$32,889
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,370
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,143
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2148 Sentito Circle Henderson, NV 5
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- Rent
- Rent Per SQFT
- $2,370
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2167 Handel Avenue #0 Henderson, NV 1
- 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,343 Sqft ∙ Built 2002
LEASED 05/04/20- Rent
- Rent Per SQFT
- $2,100
- $0.90
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2205 Tedesca Drive Henderson, NV 2
- 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 2001
LEASED 11/20/20- Rent
- Rent Per SQFT
- $2,150
- $0.95
-
2294 Tedesca Drive Henderson, NV 3
- 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 2001
LEASED 11/01/20- Rent
- Rent Per SQFT
- $2,199
- $0.91
-
2161 Arpeggio Avenue Henderson, NV 4
- 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2002
LEASED 01/05/20- Rent
- Rent Per SQFT
- $2,200
- $0.96
PROPERTY LISTING DETAILS
1.702.591.9667
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256469
Last Updated: 12/19/2020
