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2449 Gamma Ray Place Henderson, NV 89044

2 Beds 1 Baths 1,142 sqft Built 2007

INVESTimate

$303,000

List Price

$1,230

$1,107 - $1,353

Rent Est.

$325,907  ( +7.56%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $265.32
  • 7 Days on Market
  • MLS # : 2223338
  • Updated Date : 08/25/2020 at 20:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,142 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

This IMMACULATE 2 Bedroom/2 Full Bathroom Single Story Pulte Home is EXACTLY what You've been waiting for! Spacious kitchen w/tile counters and tons of cabinet space. Additional Storage Cabinets in the Garage. Take pleasure in the views of Sloan Canyon Mountains from Almost every room in this Lovely single story Home. Desert landscaping in both the front and backyard for easy maintenance! Enjoy countless Amenities that Solera at Anthem Community Center has to offer it's Residents! Welcome Home!

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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: Solera at Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Solera at Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9571875

* 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
 

$272,700$333,300$303,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,118
Property Tax -$190
Property Insurance -$49
HOA -$186
Property Management Fees -$119
CASH FLOW
-$433

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.

$303,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.56%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,045

INVESTMENT

$86,045

Down Payment
$75,750
Rehab Estimate
$5,750
Closing Costs
$4,545

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,118

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,750
Loan Amount $227,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,151

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,4503$1,4954$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 2449 Gamma Ray Place Henderson, NV 1
    • 2 beds 1 baths ∙ 1,142 Sqft ∙ Built 2007 2 beds 1 baths ∙ 1,142 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.08
    •  
  • 2555 Hampton #3203 Henderson, NV 2
    • 2 beds 2 baths ∙ 1,455 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,455 Sqft ∙ Built 2007
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 3058 Canal Walk Road Henderson, NV 3
    • 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 2003
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 2799 Thunder Bay Henderson, NV 4
    • 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 2002
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 2763 Thunder Bay Henderson, NV 5
    • 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,482 Sqft ∙ Built 2002
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
PROPERTY LISTING DETAILS
Raquel A Rigg
1.702.336.0323
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223338
Last Updated: 08/25/2020
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