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2273 Ripresa Place Henderson, NV 89052

5 Beds 4 Baths 3,448 sqft Built 2002

$700,000

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $203.02
  • 2 Days on Market
  • MLS # : 2277808
  • Updated Date : 03/13/2021 at 15:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,448 sqft
  • Baths : 4 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Private oasis awaits just in time for pool season!Oversized lot allows playing in large inviting pool/spa w/3 overflowing fountains,gas&solar heater&chaise platform,firepit,grassy play area,mature landscaping w/fruit tree&storage shed or enjoying outdoor dining under large covered patio w/fans.Enter 5 bedroom+loft home to highly vaulted LR/DR,travertine flooring thruout 1st floor&baths,kitchen features island,double oven,newer microwave,dishwasher&sink,hand free faucet,granite counter,tumbled rock backsplash w/decorator touches,all appliances stay,family room open to kitchen with carpet inset,built/in entertainment area and custom mantel.2"blinds&higher baseboard thruout.Newer carpet in downstair bed,on stair and thruout 2nd floor.Master bed has double door entry,2 walkin closets&updated tile trim in large shower.All beds&loft have ceiling fan.Upstair bath w/double sink.Location&community offer interior park,nearby large city park,neighborhood events,great school zone.All can be yours!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k608k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802696

* 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
Frank Lamping Elementary School Primary Regular 705 38 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Frank Lamping Elementary School

  • Education Level: Primary
  • # of students: 705
  • # of teachers: 38
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$2,431
Property Tax -$410
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$44

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.

$700,000

PROJECTED PRICE

$3,010

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 4.7%
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$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$42,686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,010

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,276

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,010
1$3,0102$3,1003$3,1164$3,4955$3,500
$3,500
RENT COMPS ANALYSIS
  • 2273 Ripresa Place Henderson, NV 1
    • 5 beds 4 baths ∙ 3,448 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,448 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $0.87
    •  
  • 2124 Horse Prairie Drive Henderson, NV 2
    • 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2004
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.93
    •  
  • 2710 Carolina Blue Avenue Henderson, NV 3
    • 5 beds 3 baths ∙ 3,568 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,568 Sqft ∙ Built 2000
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,116
    • $0.87
    •  
  • 1327 Coulisse Street Henderson, NV 4
    • 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.96
    •  
  • 2196 Big Bar Drive Henderson, NV 5
    • 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2006
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Nick Lorenz
1.702.324.9163
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277808
Last Updated: 03/13/2021
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