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2386 Sunburst View Street Henderson, NV 89052

3 Beds 3 Baths 2,333 sqft Built 2003

$555,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $237.89
  • 9 Days on Market
  • MLS # : 2265894
  • Updated Date : 02/06/2021 at 21:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,333 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homie Llc

Listing Agent's Description

Don't miss this gorgeous 3 bed/2.5 bath home available in Sunridge at MacDonald Ranch. You will love living in this highly sought after gated Henderson community, surrounded by beautiful parks, pristine hiking trails, schools, shopping, and restaurants. Impressive inside and out this gem features a spacious open concept floor plan as well as an incredible outdoor entertaining space complete with a covered patio and a sparkling pool and spa featuring remote controlled lighting, waterfalls, and firepit. 3 car garage. Owned solar will help save on utilities.

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: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k442k

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

Neighborhood: Sunridge at MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10802110

* 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
 

$499,500$610,500$555,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,928
Property Tax -$383
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
$87

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.

$555,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$152,825

INVESTMENT

$152,825

Down Payment
$138,750
Rehab Estimate
$5,750
Closing Costs
$8,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,928

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $138,750
Loan Amount $416,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$44,715

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,269

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,3003$2,3504$2,4955$2,590
$2,590
RENT COMPS ANALYSIS
  • 2386 Sunburst View Street Henderson, NV 5
    • 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,333 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.11
    •  
  • 1003 Leadville Meadows Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2000
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 2504 Ashley Rose Terrace Henderson, NV 2
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1997
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 2532 Ashley Rose Terrace #n/a Henderson, NV 3
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 1997
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.00
    •  
  • 2255 Double Tree Avenue #0 Henderson, NV 4
    • 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2005
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.06
    •  
PROPERTY LISTING DETAILS
Roy P Fune
1.702.879.8359
Homie Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265894
Last Updated: 02/06/2021
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