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2224 Shoshone Falls Court Henderson, NV 89044

2 Beds 1 Baths 2,401 sqft Built 2006

$449,950

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $187.40
  • 6 Days on Market
  • MLS # : 2256591
  • Updated Date : 12/23/2020 at 10:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,401 sqft
  • Baths : 1 full
Listing Agent

The Baird Group, Llc

Listing Agent's Description

ACT NOW! SUPER BUY! .22 ACRE CUL DE SAC LOT IN BEAUTIFUL SUN CITY ANTHEM BLACK MOUNTAIN VILLAGE COMMUNITY. BRICK DESIGN ENTRANCE W/UNIQUE DECO SECURITY GATE. SPACIOUS OPEN FLOOR PLAN W/GAS TILE FIREPLACE, FORMAL DINING ROOM & BUTLERS PANTRY. KITCHEN FEATURES DINING NOOK, ISLAND W/BREAKFAST BAR, GRANITE COUNTER TOPS, FULL TILE BACKSPLASH & STAINLESS STEEL APPLIANCES. UPGRADED ENGINEERED HARD WOOD FLOORING IN ENTRY WAY, FAMILY ROOM, KITCHEN, DEN AND HALL WAY. HUGE MASTER BEDROOM W/CUSTOM WALK-IN CLOSET, DUAL VANITY, SEPARATE SHOWER AND GARDEN TUB, MASTER BEDROOM ACCESS DOOR TO PRIVATE YARD. SHUTTERS THROUGHOUT. WASHER, DRYER AND FRIDGE INCLUDED. LARGE YARD W/TWO GATES, COVERED PATIO WITH EXTRA PATIO SPACE ALL DONE IN PAVERS. MATURE LANDSCAPING. FINISHED GARAGE W/EVAPORATIVE AC COOLING, EPOXY FLOOR, WATER SOFTENER AND CENTRAL VACUUM.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Shirley And Bill Wallin Elementary School Primary Regular 1,067 51 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Shirley And Bill Wallin Elementary School

  • Education Level: Primary
  • # of students: 1,067
  • # of teachers: 51
10
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
 

$404,955$494,945$449,950

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,660
Property Tax -$289
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$242

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.

$449,950

PROJECTED PRICE

$1,900

PROJECTED RENT

0.42%

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$200k$400k$600k$800k$1.0M$1.2M

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$124,987

INVESTMENT

$124,987

Down Payment
$112,488
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,488
Loan Amount $337,463
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,921

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,0004$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 2224 Shoshone Falls Court Henderson, NV 1
    • 2 beds 1 baths ∙ 2,401 Sqft ∙ Built 2006 2 beds 1 baths ∙ 2,401 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 2184 Waterton Rivers Henderson, NV 2
    • 2 beds 3 baths ∙ 2,592 Sqft ∙ Built 2005 2 beds 3 baths ∙ 2,592 Sqft ∙ Built 2005
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 2301 Orangeburg Place Henderson, NV 3
    • 2 beds 2 baths ∙ 2,401 Sqft ∙ Built 2008 2 beds 2 baths ∙ 2,401 Sqft ∙ Built 2008
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 2060 Bliss Corner Street #0 Henderson, NV 4
    • 2 beds 2 baths ∙ 2,592 Sqft ∙ Built 2006 2 beds 2 baths ∙ 2,592 Sqft ∙ Built 2006
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.79
    •  
  • 2103 Burtonsville Henderson, NV 5
    • 2 beds 3 baths ∙ 2,592 Sqft ∙ Built 2005 2 beds 3 baths ∙ 2,592 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Steven D Baird
1.702.592.9927
The Baird Group, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256591
Last Updated: 12/23/2020
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