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2271 Sutton Cliff Avenue Henderson, NV 89052

4 Beds 3 Baths 2,495 sqft Built 2017

$615,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $246.49
  • 3 Days on Market
  • MLS # : 2246334
  • Updated Date : 11/07/2020 at 10:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,495 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rothwell Gornt Companies

Listing Agent's Description

Immaculate Green Valley Ranch home with pool spa!! This modern home with an indoor outdoor feel has a large great room that opens up to your yard with 3 large sliders. Grand entrance with large pendant light. Kitchen has white quartz counters, grey shaker cabinets, walk in pantry, cook top with hood, stainless appliances and large island leading into the great room with your dining area that has a modern chandelier and finally entering the living room that has access to your yard with covered patio, pool spa, and a fire pit at the back of your spa. Also on first floor there is an in law suite with 3/4 bath that has a glass enclosed walk in shower. Second floor has a loft that separates guest room and master. Master bed has a walk in closet, bath with his/her sinks, grey quartz counters, large tub for soaking and a spacious shower with grey tile and is glass enclosed. Both guest rooms have plenty of room. Guest bath has tub/shower combo and grey quartz counters.

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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: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10802532

* 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
 

$553,500$676,500$615,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$2,269
Property Tax -$424
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$818

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.

$615,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.3%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$696

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,115

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0703$2,1004$2,2005$2,275
$2,275
RENT COMPS ANALYSIS
  • 2271 Sutton Cliff Avenue Henderson, NV 2
    • 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.83
    •  
  • 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
    •  
  • 712 Waltham Hills Street Henderson, NV 3
    • 5 beds 3 baths ∙ 2,441 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,441 Sqft ∙ Built 2004
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 511 First Light Street Henderson, NV 4
    • 4 beds 2 baths ∙ 2,503 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,503 Sqft ∙ Built 1998
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 2486 Crystal Ship Henderson, NV 5
    • 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2002
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.85
    •  
PROPERTY LISTING DETAILS
Sam Cohen
1.702.884.8276
Rothwell Gornt Companies
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246334
Last Updated: 11/07/2020
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