Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2455 Blair Castle Street Henderson, NV 89044

3 Beds 3 Baths 2,661 sqft Built 2004

$500,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $187.90
  • 3 Days on Market
  • MLS # : 2242595
  • Updated Date : 11/01/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,661 sqft
  • Baths : 2 full , 1 half
Listing Agent

Windermere Excellence

Listing Agent's Description

Stunning one-story home nestled within charming Anthem Highlands!! Courtyard entry! Open and flowing floorplan! Custom interior paint package! Upgraded carpet and fixtures throughout! Chef's dream kitchen complete with granite/island/pantry/ breakfast bar! Grandmaster suite w/walk-in closet! Spacious bedrooms! Travertine flooring throughout common areas! Window shutters! The works! BACKYARD PARADISE W/ COI POND, WONDERFUL FOR ENTERTAINING OR JUST ENJOYING YOUR OWN SLICE OF HEAVEN!

SEE MORE

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
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,845
Property Tax -$363
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$5

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.

$500,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.48%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$39,388

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,475

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,196
1$2,1962$2,4003$2,5004$2,5655$2,695
$2,695
RENT COMPS ANALYSIS
  • 2455 Blair Castle Street Henderson, NV 2
    • 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 2781 Strathblane Avenue #0 Henderson, NV 1
    • 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,196
    • $0.83
    •  
  • 2875 Donegal Street Henderson, NV 3
    • 4 beds 2 baths ∙ 2,835 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,835 Sqft ∙ Built 2004
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 2965 Barrett Springs Avenue Henderson, NV 4
    • 3 beds 3 baths ∙ 2,559 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,559 Sqft ∙ Built 2017
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,565
    • $1.00
    •  
  • 2519 Sturrock Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2004
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.01
    •  
PROPERTY LISTING DETAILS
Cynthia L Glickman
1.702.325.2201
Windermere Excellence
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242595
Last Updated: 11/01/2020
BESbswy