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2517 Black River Falls Drive Henderson, NV 89044

3 Beds 3 Baths 2,096 sqft Built 2006

$535,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $255.25
  • 3 Days on Market
  • MLS # : 2253417
  • Updated Date : 12/05/2020 at 08:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,096 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

WOW stop the car! This one is fully loaded and ready to call home. Freshly Painted in November. Greet the morning on the fully covered patio, end the day in the paver courtyard, w/partial strip view. Upgraded fans in most every room, Granite & High End SS appliances, 24' Diagonal tile & bamboo floors. Cozy Fireplace in Great room. Large primary bedroom, currently used as Craft & Exercise Room. Closet organizers & Built-ins throughout. Only a block to a fitness center, pool, hiking trail & much more. Easy Care Plantation Shutters throughout. Casita A/C replaced since 2006, Microwave & Garbage disposal, new this year. Casita Mini Fridge & Microwave are negotiable. SS Fridge in Garage is also negotiable. This home evokes casual elegance!

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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
Shirley And Bill Wallin Elementary School Primary Regular 1,067 51 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Shirley And Bill Wallin Elementary School

  • Education Level: Primary
  • # of students: 1,067
  • # of teachers: 51
10
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
 

$481,500$588,500$535,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,974
Property Tax -$312
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$663

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.

$535,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.34%

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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,871

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,8003$1,8104$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 2517 Black River Falls Drive Henderson, NV 3
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.86
    •  
  • 2392 Rue Bienville Way Henderson, NV 1
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2007
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.86
    •  
  • 2617 Romarin Te Terrace #0 Henderson, NV 2
    • 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,063 Sqft ∙ Built 2011
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 2341 Shorewood Hills Avenue Henderson, NV 4
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 2337 Canyonville Drive Henderson, NV 5
    • 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2007
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
PROPERTY LISTING DETAILS
Belinda C Mcnally
1.702.701.4977
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253417
Last Updated: 12/05/2020
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