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2400 Luberon Drive Henderson, NV 89044

5 Beds 4 Baths 3,777 sqft Built 2008

$799,900

List Price

$3,670

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $211.78
  • 3 Days on Market
  • MLS # : 2250958
  • Updated Date : 11/27/2020 at 13:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,777 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Corner lot with Strip and Mountain views! Well-appointed kitchen has granite counters, stainless steel appliances including, built-in convection oven, built-in refrigerator, 5-burner cooktop, and built-in microwave. Spacious family room lives like a great room being open to the kitchen and is ideal for gatherings. The formal living and dining room have doors to the wrap around covered front porch. The loft/game room has a built-in entertainment center and a slider to a balcony. Grand master has a large balcony with strip and mountain views. A sliding farmhouse door entrance to the master bathroom with a walk-in closet, jetted tub & walk-in shower. Throughout this remodeled home you will find upgrades like updated light fixtures, large 12x24 tile floors, wood floors, new bathroom countertops, whole house intercom system and more. Backyard is perfect for entertaining, featuring lush low maintenance landscaping, pool, spa, gas firepit, built-in BBQ, covered patio, and a large side yard.

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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
 

$719,910$879,890$799,900

PURCHASE PRICE

$3,303$4,037$3,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,670
EXPENSES Loan Payment -$2,951
Property Tax -$546
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$47

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.

$799,900

PROJECTED PRICE

$3,670

PROJECTED RENT

0.46%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,951

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$59,460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,670

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,616

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5003$3,6704$3,8005$3,995
$3,995
RENT COMPS ANALYSIS
  • 2400 Luberon Drive Henderson, NV 3
    • 5 beds 4 baths ∙ 3,777 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,777 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,670
    • $0.97
    •  
  • 2724 Josephine Drive Henderson, NV 1
    • 4 beds 4 baths ∙ 3,733 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,733 Sqft ∙ Built 2013
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.91
    •  
  • 2445 Chateau Napoleon Henderson, NV 2
    • 4 beds 4 baths ∙ 3,733 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,733 Sqft ∙ Built 2013
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.94
    •  
  • 2521 Chateau Napoleon Drive Henderson, NV 4
    • 4 beds 4 baths ∙ 3,948 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,948 Sqft ∙ Built 2014
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.96
    •  
  • 2852 Josephine Drive Henderson, NV 5
    • 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2014
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Michael L Carlucci
1.702.461.4422
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250958
Last Updated: 11/27/2020
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