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2271 Sandstone Cliffs Drive Henderson, NV 89044

2 Beds 1 Baths 1,712 sqft Built 2005

$425,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $248.25
  • 13 Days on Market
  • MLS # : 2265593
  • Updated Date : 02/12/2021 at 00:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,712 sqft
  • Baths : 1 full
Listing Agent

Limestone Investments Llc

Listing Agent's Description

A peaceful place-age qualified subdivision complete w fountain & flowers courtyard entrance. Carolina model.Enjoy three nice size bedrooms or make 1 an office or a den. The plantation window shutters allow as much natural light as you wish & shut them for night time privacy. The master has a lovely view to the back yard with a shower & seat en suite. This is separated from the other bedroom/office/den. An open concept home with 18x18 tile throughout the entire home. The kitchen has granite, pot shelves, stainless steel appliances (gas stove), pantry & tons of overhead lighting.Kitchen counters have a bar stool height counter to easily watch the chef cook!Dining area looks out to the back yard through the sliding glass doors. Living rm is spacious and all have 9 foot ceilings. The front courtyard is a welcoming way to enter the home complete with a flowing fountain. The back yard is a great size with a long shaded patio to enjoy the outdoors more often.3d on zillow. Open Fri & Sat 11-3

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: 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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,476
Property Tax -$253
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$229

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.

$425,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.40%

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,712

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6803$1,7504$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 2271 Sandstone Cliffs Drive Henderson, NV 2
    • 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.98
    •  
  • 2140 Sawtooth Mountain Drive Henderson, NV 1
    • 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
  • 2104 Waterton Rivers Drive Henderson, NV 3
    • 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 2088 Sawtooth Mountain Drive #0 Henderson, NV 4
    • 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 2369 Orangeburg Place Henderson, NV 5
    • 2 beds 1 baths ∙ 1,836 Sqft ∙ Built 2007 2 beds 1 baths ∙ 1,836 Sqft ∙ Built 2007
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
PROPERTY LISTING DETAILS
Barb Eagan
1.702.759.9724
Limestone Investments Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265593
Last Updated: 02/12/2021
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