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2480 Autumn Chase Lane Henderson, NV 89052

4 Beds 5 Baths 2,702 sqft Built 2005

$525,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $194.30
  • 7 Days on Market
  • MLS # : 2262584
  • Updated Date : 01/22/2021 at 05:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,702 sqft
  • Baths : 4 full , 1 half
Listing Agent

Assist-2-sell Flat Fee Realty

Listing Agent's Description

Gated Beautiful house in a quiet neighborhood. Spacious floor plan, every bedroom has a full bathroom. Custom cabinets in the kitchen, Central vacuum system, courtyard off of the kitchen and living room, this home has 2 master suites one upstairs and one main level.To many more upgrades to list , Home is in immaculate condition shows like a model home . All window coverings to stay.

SEE MORE

MARKET HIGHLIGHTS

  • 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: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10802532

* 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
Glen C. Taylor Elementary School Primary Regular 961 46 9
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

Glen C. Taylor Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 46
9
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,824
Property Tax -$326
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$248

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.

$525,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.3%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,094

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,1004$2,2755$2,295
$2,295
RENT COMPS ANALYSIS
  • 2480 Autumn Chase Lane Henderson, NV 3
    • 4 beds 5 baths ∙ 2,702 Sqft ∙ Built 2005 4 beds 5 baths ∙ 2,702 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 2448 Kaymin Ridge Road Henderson, NV 1
    • 4 beds 5 baths ∙ 2,702 Sqft ∙ Built 2005 4 beds 5 baths ∙ 2,702 Sqft ∙ Built 2005
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.70
    •  
  • 2475 Kaymin Ridge Road #0 Henderson, NV 2
    • 4 beds 5 baths ∙ 2,702 Sqft ∙ Built 2005 4 beds 5 baths ∙ 2,702 Sqft ∙ Built 2005
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.74
    •  
  • 2486 Crystal Ship Henderson, NV 4
    • 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,679 Sqft ∙ Built 2002
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.85
    •  
  • 2486 Rye Beach Lane #0 Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,841 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,841 Sqft ∙ Built 1998
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.81
    •  
PROPERTY LISTING DETAILS
Michael J Clower
1.702.465.7564
Assist-2-sell Flat Fee Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262584
Last Updated: 01/22/2021
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