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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $236.23
- 3 Days on Market
- MLS # : 2270842
- Updated Date : 02/20/2021 at 22:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,968 sqft
- Baths : 2 full
Listing Agent
Urban Nest Realty
Listing Agent's Description
Beautiful 1-Sty Anthem home you won't want to miss. Tile floors throughout, Carpet in bedrooms, Granite countertops in Kitchen, Stainless steel appliances, Security gates on front and back, Desert landscape front and rear, 3 Car Garage, Guest quarters with its own entrance, Covered Patio and so much more to offer!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,615 |
| Property Tax | -$285 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$114
|
||
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.
$464,900
PROJECTED PRICE
$1,970
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$128,949
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,225 |
| Loan Amount | $348,675 |
4.5
YEARS SAVED
$21,388
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,106
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
2295 Tedesca Drive Henderson, NV 1
- 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,970
- $1.00
-
1104 Snow Roof Avenue Henderson, NV 2
- 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2004
LEASED 01/07/21- Rent
- Rent Per SQFT
- $2,000
- $1.04
-
2245 Tedesca Drive Henderson, NV 3
- 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2001
LEASED 08/21/20- Rent
- Rent Per SQFT
- $2,035
- $1.00
-
2127 Handel Avenue Henderson, NV 4
- 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 2002
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,100
- $1.07
-
1306 Rossini Street Henderson, NV 5
- 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2002
LEASED 01/19/21- Rent
- Rent Per SQFT
- $2,490
- $1.17
PROPERTY LISTING DETAILS
1.702.591.9667
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270842
Last Updated: 02/20/2021
