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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $302.32
- 6 Days on Market
- MLS # : 2259365
- Updated Date : 01/06/2021 at 20:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,067 sqft
- Baths : 2 full
Listing Agent
Robinson Realty & Management
Listing Agent's Description
Single story home on an oversize quarter acre lot with a pool & privacy in an upscale, in demand Henderson Master Planned Community! This home sits on an oversized lot with no neighbors behind it & features PAID OFF SOLAR for significantly lower utilities year round! Custom built in outdoor kitchen, synthetic low maintenance grass for year round greenery, outdoor shower, covered patio off the living room wrapping around to the primary bedroom and beautiful modern pool w/ pebble tech, jacuzzi and the perfect desert sun exposure! But wait, there's more...kitchen made for a chef with upgraded appliances, granite counters, soft close cabinets, natural light coming through windows at the kitchen sink & dining area. Massive primary bedroom with equal sides for shared space, personal vanity and walk in closets. Primary room has a retreat w/ loads of options for best use that connects into the converted garage casita with a classic wood door exiting to the backyard/independent entry! Must See!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$2,171 |
| Property Tax | -$365 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$600
|
||
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.
$624,900
PROJECTED PRICE
$2,120
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$171,349
LOAN DETAILS
$2,171
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $156,225 |
| Loan Amount | $468,675 |
1.33
YEARS SAVED
$4,004
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,667
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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2468 Macrory Drive Henderson, NV 5
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2911 Ainslie Lake Avenue Henderson, NV 1
- 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,550
- $0.80
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2843 Lochbroom Henderson, NV 2
- 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.86
-
2439 Blackcraig Street Henderson, NV 3
- 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2007
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.86
-
2879 Rothesay Avenue Henderson, NV 4
- 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 2004
LEASED 01/03/21- Rent
- Rent Per SQFT
- $1,865
- $0.89
PROPERTY LISTING DETAILS
1.702.208.5118
Robinson Realty & Management
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259365
Last Updated: 01/06/2021
