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2477 Fanano Street 
Henderson, NV
89044
3 Beds 3 Baths 2,240 sqft
Built 2017
INVESTimate
$475,000
List Price
$131,625
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $212.05
- 2 Days on Market
- MLS # : 2224421
- Updated Date : 08/25/2020 at 12:53
CONSTRUCTION
- Beds : 3
- Floor Size : 2,240 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Like new, gently used second home with thousands in upgrades. The great room floor plan features a kitchen with stainless steel appliances, built-in oven and microwave, island with breakfast bar, breakfast nook, quartz countertops, tile backsplash, cast iron sink, pantry and cabinets with pull out drawers. The spacious master bedroom is separate from the other bedrooms with his & hers walk-in closets with custom built-ins, 2 sinks, separate tub & shower. The laundry room has a sink and cabinets. The spacious backyard has a covered patio with brick pavers and low maintenance landscaping. Many upgrades including custom lighting throughout, water softener, water filtration system, alarm, laminate wood floors, wrought iron front security gate, built-in garage storage racks, garage door keypad and fire sprinklers throughout. Energy star qualified home features low-E windows, tankless water heater and energy efficient air conditioner.
SEE MORE
- 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: 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$325 | |
| Property Insurance | -$71 | |
| HOA | -$95 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$403
|
||
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.
$475,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 5.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
1.67
YEARS SAVED
$6,222
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,027
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
2477 Fanano Street Henderson, NV 3
- 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,960
- $0.88
-
3041 Quiet Creek Avenue Henderson, NV 1
- 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 2015
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.85
-
3115 Paladi Avenue Henderson, NV 2
- 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2015
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,900
- $0.93
-
3053 Camino Rico Henderson, NV 4
- 3 beds 3 baths ∙ 2,351 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,351 Sqft ∙ Built 2013
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.85
-
2388 Via Alicante Henderson, NV 5
- 3 beds 4 baths ∙ 2,365 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,365 Sqft ∙ Built 2013
LEASED 05/14/20- Rent
- Rent Per SQFT
- $2,350
- $0.99
PROPERTY LISTING DETAILS
1.702.461.4422
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224421
Last Updated: 08/25/2020
