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2484 Bankhurst Street Henderson, NV 89044

4 Beds 2 Baths 2,187 sqft Built 2015

$415,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $189.76
  • 9 Days on Market
  • MLS # : 2268288
  • Updated Date : 02/13/2021 at 17:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,187 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

EXCLUSIVE $53,000 NEW SOLAR PANELS INSTALLED & PAID OFF! (INCLUDES 38 MODULES & 320 WATT PRODUCTION= NO ENERGY BILL)! PRIME LOCATION W/IN INSPIRADA. RARE DOWNSTAIRS BEDROOM & BATH W/ WALK IN SHOWER, GREAT FOR MUTI-GEN OR GUESTS!! OPEN KITCHEN W/ UPGRADED 42" DARK WOOD CABINETS & S/S FIXTURES, S/S APPLIANCES W/ NEWER UPGRADED STOVE/OVEN, PENDANT LIGHTING, HUGE ISLAND W/SINK, BREAKFAST BAR & LARGE WALK IN PANTRY! UPSTAIRS FEATURES GORGEOUS MOUNTAIN VIEWS FROM LOFT. MASTER w/TWO WALK IN CLOSETS, SEPARATE TUB/SHOWER COMBO & DUAL VANITY w/QUARTZ COUNTERS & CUSTOM MIRROR! ENJOY CEILING FAN/LIGHT FIXTURES IN MAIN AREAS& BEDROOMS! ADDITIONAL AMENITIES INCLUDE NEW 50 GALLON WATER HEATER (2020), HOT WATER RECIRCULATING PUMP, REVERSE OSMOSIS FILTRATION & WATER SOFTENER.... AND INSULATED GARAGE DOOR WITH AUTO OPENER! GREAT LOCATION ON OPEN CULDESAC w/ NO HOMES DIRECTLY ACROSS. COVERED FRONT PAVERED PORCH &UPGRADED PAVER DRIVEWAY. ALSO ENJOY LOW MAINTENANCE TURF BACKYARD w/ COVERED PATIO!

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MARKET HIGHLIGHTS

  • 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

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

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,441
Property Tax -$315
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$95

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

$2,040

PROJECTED RENT

0.49%

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

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$35,831

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,187

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,1003$2,2004$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 2484 Bankhurst Street Henderson, NV 1
    • 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.93
    •  
  • 2439 Blair Castle Henderson, NV 2
    • 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 2012
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 2517 Bankhurst Henderson, NV 3
    • 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2015
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 2512 Bankhurst Street Henderson, NV 4
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2015
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 3036 Pavilio Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2015
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
PROPERTY LISTING DETAILS
Marthea Jaffe
1.702.885.7756
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268288
Last Updated: 02/13/2021
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