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2150 Shubert Avenue Henderson, NV 89052

3 Beds 2 Baths 2,124 sqft Built 2002

$489,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $230.23
  • 2 Days on Market
  • MLS # : 2244032
  • Updated Date : 11/02/2020 at 11:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,124 sqft
  • Baths : 2 full
Listing Agent

Wardley Real Estate

Listing Agent's Description

BEAUTIFUL 2124 SQUARE FOOT HOME ON MASSIVE 17,000 SQUARE FOOT LOT. GORGEOUS ALL SINGLE STORY NEIGHBORHOOD. HUGE FLAG SHAPE LOTS LIKE THIS DON'T COME UP EVERY DAY. THIS IS A MUST SEE. BEAUTIFUL DR HORTON HOME FEATURES EASY LIVING LAYOUT WITH 3 BEDROOMS + OFFICE/DEN. LARGE KITCHEN WITH GRANITE, BREAKFAST BAR & ISLAND. TRAVERTINE FLOORING THROUGHOUT. 3 CAR GARAGE TOO. WAIT UNTIL YOU SEE THIS BACKYARD. IT IS ONE OF LARGEST, IF NOT THE LARGEST, IN THE NEIGHBORHOOD. LANDSCAPED, PRIVATE SPA, COVERED PATIO, TUFF SHED ON SIDE OF HOME TOO. THE SCHOOLS ARE ALL TOP NOTCH. AWESOME ANTHEM HOME. STEPS TO REUNION PARK. FANTASTIC MOUNTAIN BIKE TRAILS AND HIKING TRAILS ARE OUT YOUR BACKYARD. BACKS UP TO BLACK MOUNTAIN RECREATION AREA. NEXT DOOR TO WORLD CLASS ANTHEM COUNTRY CLUB TOO. 5 MINUTE DRIVE TO HENDERSON EXECUTIVE AIRPORT AND RAIDERS PRACTICE FACILITY. 15 MINUTES TO INTL AIRPORT AND STRIP. PUT THIS ON YOUR LIST OF HOMES TO SEE TODAY. WON'T LAST LONG. PRO PICS WILL BE UPLOADED 11/3/2020.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k608k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802696

* 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
Frank Lamping Elementary School Primary Regular 705 38 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Frank Lamping Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 38
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

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

$440,100$537,900$489,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,804
Property Tax -$301
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$323

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.

$489,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$12,235

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,055

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$1,9704$2,0355$2,200
$2,200
RENT COMPS ANALYSIS
  • 2150 Shubert Avenue Henderson, NV 3
    • 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.93
    •  
  • 1156 Drowsy Water Henderson, NV 1
    • 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,947 Sqft ∙ Built 2004
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 2150 Handel Avenue Henderson, NV 2
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 2002
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
  • 2245 Tedesca Drive Henderson, NV 4
    • 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2001
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,035
    • $1.00
    •  
  • 2161 Arpeggio Avenue Henderson, NV 5
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2002
    property image
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
Stanley J King
1.702.408.6220
Wardley Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244032
Last Updated: 11/02/2020
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