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2500 Springville Way Henderson, NV 89052

3 Beds 1 Baths 2,338 sqft Built 2000

$569,880

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $243.75
  • 11 Days on Market
  • MLS # : 2271700
  • Updated Date : 02/28/2021 at 03:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,338 sqft
  • Baths : 1 full
Listing Agent

Windermere Anthem Hills

Listing Agent's Description

Beautiful light & bright Patriot model w/ over sized two room casita! Newer tile floors (no carpet), granite counters in updated kitchen, owner's & main bathrooms, & ceiling fans thru-out. There are sliders/french doors from all bedrooms to side yard, mirrored closets, kitchen skylight, & gas fireplace. Mirrored dining room wall hangings convey. Casita has shutters, 2 closets, kitchenette & stack-able washer/dryer. New locks & handles on all exterior doors, crown molding in kitchen living/dining rooms & stainless steel appliances. Backyard has shade & pine trees, extended patio, fenced off area for pets, roll down shades and built in barbecue. Patio furniture conveys, & side yard is big enough to install a pool. Washer/dryer & sink in extended garage. Locked security screen door to front courtyard. Owned water treatment system. All appliances convey. House is 1712sf, Casita is 626sf. New water heater installed 3/1/21. This home has EVERYTHING, & it's easy to show.

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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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

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

$512,892$626,868$569,880

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,979
Property Tax -$292
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$193

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.

$569,880

PROJECTED PRICE

$2,270

PROJECTED RENT

0.40%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,768

INVESTMENT

$156,768

Down Payment
$142,470
Rehab Estimate
$5,750
Closing Costs
$8,548

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,979

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,470
Loan Amount $427,410
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$22,664

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,309

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2703$2,3504$2,4955$2,850
$2,850
RENT COMPS ANALYSIS
  • 2500 Springville Way Henderson, NV 2
    • 3 beds 1 baths ∙ 2,338 Sqft ∙ Built 2000 3 beds 1 baths ∙ 2,338 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.97
    •  
  • 2588 Evening Sky Henderson, NV 1
    • 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2001
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 1582 Pontine Court #0 Henderson, NV 3
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.03
    •  
  • 1737 Sabatini Drive Henderson, NV 4
    • 3 beds 2 baths ∙ 2,395 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,395 Sqft ∙ Built 2001
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.04
    •  
  • 15 Feather Sound Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2001
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.06
    •  
PROPERTY LISTING DETAILS
Alison R Wayne
1.310.721.1107
Windermere Anthem Hills
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271700
Last Updated: 02/28/2021
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