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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $262.02
- 5 Days on Market
- MLS # : 2251922
- Updated Date : 12/05/2020 at 09:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,248 sqft
- Baths : 2 full
Listing Agent
Simply Vegas
Listing Agent's Description
This fantastic Anthem home at Solera (55+ age restricted community) is a perfect find. The Clark floor plan offers 3 BD + 2 BA with 1248 total sq. ft of single-story, functional & spacious living space w/2-car garage. Everything inside & out has been meticulously maintained & is in move-in ready condition. Situated on a quiet interior street with great curb appeal, it feels welcoming from the moment you arrive. Interior features include tile & newer carpet, custom shutters & paint throughout, large great room w/adjoining dining area, fully upgraded granite kitchen w/upgraded appliances, tile backsplash & breakfast nook area, central interior laundry room. Garage includes built-in cabinets & workbench area, custom light features, epoxy flooring, newer hot water & softener system. Exterior features include newer paint, security screen door, oversized patio area w/custom cover & BBQ area, easy-care desert landscaping. A must-see property at a very affordable price point w/no LID/SID.
SEE MORE
- 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: Solera at Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Solera at Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$1,206 |
| Property Tax | -$201 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$278
|
||
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.
$327,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.6% |
| 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
$92,405
LOAN DETAILS
$1,206
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,750 |
| Loan Amount | $245,250 |
2.08
YEARS SAVED
$5,217
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,289
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2005
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- Rent
- Rent Per SQFT
- $1,300
- $1.04
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LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,500
- $1.05
-
2531 Anani Road Henderson, NV 3
- 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2006
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LEASED 12/04/20- Rent
- Rent Per SQFT
- $1,500
- $1.05
-
2865 Starling Summit Street Henderson, NV 4
- 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,598 Sqft ∙ Built 2018
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,595
- $1.00
-
2536 Penumbra Henderson, NV 5
- 3 beds 1 baths ∙ 1,596 Sqft ∙ Built 2007 3 beds 1 baths ∙ 1,596 Sqft ∙ Built 2007
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,650
- $1.03
PROPERTY LISTING DETAILS
1.702.612.3047
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2251922
Last Updated: 12/05/2020
