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2183 Eagle Watch Drive Henderson, NV 89012

3 Beds 2 Baths 1,981 sqft Built 1996

$523,888

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $264.46
  • 4 Days on Market
  • MLS # : 2242777
  • Updated Date : 11/01/2020 at 08:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,981 sqft
  • Baths : 2 full
Listing Agent

Synergy Sothebys Int'l Realty

Listing Agent's Description

Beautiful 3-Bedroom home in Sun City MacDonald Ranch with a spectacular views of the Desert Willow golf course. Expanded version of the popular Del Webb-built 11006 series floor plan. Move-in ready with new carpets and fresh paint. This 55+ active lifestyle community features exceptional amenities at the Sun City MacDonald Ranch community center. Just minutes from shopping, the District at Green Valley Ranch, the airport and the Las Vegas strip. A great home, at a great location! Note - the actual living square footage has been corrected by the County County Recorder's office to 2,133 sq. ft. Must see to appreciate!!

SEE MORE

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: 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
 

$471,499$576,277$523,888

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 -$1,933
Property Tax -$169
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$317

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.

$523,888

PROJECTED PRICE

$1,970

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,580

INVESTMENT

$144,580

Down Payment
$130,972
Rehab Estimate
$5,750
Closing Costs
$7,858

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,972
Loan Amount $392,916
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$16,730

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
  • $0.99

    LIST RENT PER SQFT
  • $1,996

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$1,9953$1,9954$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 2183 Eagle Watch Drive Henderson, NV 1
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.99
    •  
  • 1988 Thunder Ridge Circle Henderson, NV 2
    • 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 1996
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
  • 323 Brilliant Summit Circle #n/a Henderson, NV 3
    • 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 1998
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 1984 Thunder Ridge Circle Henderson, NV 4
    • 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 1996
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 2414 Esteem Ridge Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
PROPERTY LISTING DETAILS
Isaac F Moore
1.702.306.5866
Synergy Sothebys Int'l Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242777
Last Updated: 11/01/2020
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