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2206 Summerwind Circle Henderson, NV 89052

4 Beds 3 Baths 2,463 sqft Built 1997

$659,900

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $267.93
  • 3 Days on Market
  • MLS # : 2268177
  • Updated Date : 02/06/2021 at 21:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,463 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Gorgeous single story home in premium Green Valley Ranch location 4 bedrooms, 3 car garage- gated community- walking distance to the District, Multi Gen rec center and the new Henderson Hockey arena. Vaulted ceilings, open floor plan, Gorgeous pool and spa, Built in BBQ and covered patio and decking! 42 owned solar panels! Newly remodeled primary bathroom- Gorgeous hardwood flooring, Plantation shutters and upgraded features galore in this well cared for home- you will not be dissapointed!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k396k

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

Neighborhood: Green Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802045

* 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
 

$593,910$725,890$659,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,292
Property Tax -$324
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
-$330

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.

$659,900

PROJECTED PRICE

$2,480

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$180,624

INVESTMENT

$180,624

Down Payment
$164,975
Rehab Estimate
$5,750
Closing Costs
$9,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,292

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,975
Loan Amount $494,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$19,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,161

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0954$2,3505$2,480
$2,480
RENT COMPS ANALYSIS
  • 2206 Summerwind Circle Henderson, NV 5
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.01
    •  
  • 2260 Early Frost Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 2,509 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,509 Sqft ∙ Built 1997
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 2422 Encouraging Court Henderson, NV 2
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2004
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 2412 Energized Henderson, NV 3
    • 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2003
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.89
    •  
  • 2030 Rainbow View Street Henderson, NV 4
    • 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 1999
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Teresa Schnitzler
1.702.524.8908
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268177
Last Updated: 02/06/2021
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