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2458 Poetica Place Henderson, NV 89044

4 Beds 3 Baths 2,148 sqft Built 2017

$415,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $193.20
  • 10 Days on Market
  • MLS # : 2250271
  • Updated Date : 11/28/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,148 sqft
  • Baths : 3 full
Listing Agent

Windermere Prestige Properties

Listing Agent's Description

Enjoy this beautiful, fully upgraded, newer construction home in the popular Inspirada Community! A perfectly designed home for easy and comfortable living, this two-story features an open floor plan concept that includes a downstairs bedroom, that could also serve as a separate workspace/den, and an upstairs loft area. Excellent location with convenient access to many amenities, including a nearby grocery and CVS anchored shopping center that includes a Starbucks, and community parks and trails.

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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,531
Property Tax -$317
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$164

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.

$415,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.53%

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$25k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$50,786

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2504$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 2458 Poetica Place Henderson, NV 2
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
  • 2517 Bankhurst Henderson, NV 1
    • 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2015
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 2507 Sylvan Hymn Street Henderson, NV 3
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2018
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.05
    •  
  • 3052 Split Oak Avenue Henderson, NV 4
    • 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2016
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
  • 2512 Bankhurst Street Henderson, NV 5
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2015
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Reba St Clair
1.702.539.0835
Windermere Prestige Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250271
Last Updated: 11/28/2020
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