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2378 Ozark Plateau Drive Henderson, NV 89044

3 Beds 2 Baths 2,190 sqft Built 2006

$433,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $197.72
  • 5 Days on Market
  • MLS # : 2251641
  • Updated Date : 12/04/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,190 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Popular Montgomery model in desirable Sun City Anthem. This single story, 2190sqft home includes 3BRs, 2BAs, plus formal living & dining rooms, and family room with fireplace & surround sound. The adjacent kitchen has granite counters, paneled cabinets & stainless appliances. All 3 bedrooms are carpeted while the rest of the home has diagonal tile flooring. The Primary Suite has access to the back patio, a walk-in and 2nd closet; the bath includes double sinks and separate shower & tub. The backyard includes covered patio with fan, synthetic turf and low maintenance landscaping.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$389,700$476,300$433,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,598
Property Tax -$280
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$46

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.

$433,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.47%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$120,495

INVESTMENT

$120,495

Down Payment
$108,250
Rehab Estimate
$5,750
Closing Costs
$6,495

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,250
Loan Amount $324,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$30,440

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,015

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9954$2,0205$2,300
$2,300
RENT COMPS ANALYSIS
  • 2378 Ozark Plateau Drive Henderson, NV 4
    • 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.92
    •  
  • 2617 Romarin Te Terrace #0 Henderson, NV 1
    • 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 2011
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 2341 Shorewood Hills Avenue Henderson, NV 2
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 2337 Canyonville Drive Henderson, NV 3
    • 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2007
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 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
Delinda Crampton
1.702.219.3144
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251641
Last Updated: 12/04/2020
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