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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $206.54
- 2 Days on Market
- MLS # : 2256687
- Updated Date : 12/19/2020 at 21:32
CONSTRUCTION
- Beds : 3
- Floor Size : 2,401 sqft
- Baths : 1 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Columbia model built in 2008. Open floor plan with formal living and dining room. Great room has fireplace and open to kitchen for easy entertaining, This unique floor plan has a butler pantry that separates the kitchen and dining room. Granite counters, stainless appliances, double built-in ovens, breakfast nook, and plenty of storage cabinets complete the perfect kitchen. Tile floor throughout except in the three bedrooms. Master is separated from the guests rooms, and has private backdoor to the covered patio. Ceiling fans in every room including two in the covered patio. Beautifully landscaped but easy to maintain backyard. Attractive front gated courtyard provides great curb appeal. Property is close to walking trails and the Liberty Center. Come look, it is move-in ready!
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: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,830 |
| Property Tax | -$307 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$390
|
||
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.
$495,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,164
LOAN DETAILS
$1,830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,975 |
| Loan Amount | $371,925 |
2.25
YEARS SAVED
$8,847
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,981
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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- $1,895
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2180 De Narvik Drive Henderson, NV 4
- 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2007
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,995
- $0.78
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2292 Canyonville Drive #0 Henderson, NV 5
- 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2007
LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.97
PROPERTY LISTING DETAILS
1.702.885.4904
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256687
Last Updated: 12/19/2020
