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2524 Chateau Napoleon Drive Henderson, NV 89044

4 Beds 3 Baths 3,289 sqft Built 2014

$824,900

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $250.81
  • 4 Days on Market
  • MLS # : 2247972
  • Updated Date : 11/12/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,289 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

WOW! GORGEOUS & STUNNING! UPGRADES GALORE--FRESHLY PAINTED INTERIOR--WIDE PLANK TILE FLOORS T/O--WOOD FLOORS IN ALL BR'S--CHEF'S KITCHEN INCLUDES S/S KITCHENAID APPL'S, B/IN FRIDGE, PROF GRADE 6 BURNER STOVE/DOUBLE OVEN, WARMING DRAWER, WINE FRIDGE, MICROWAVE--HUGE BREAKFAST BAR--GRANITE CNTRS W/STONE BACKSPLASH--WALK-IN PANTRY--PENDANT LIGHTS--HUGE 17X22 MBR W/WOOD FLOORS, CEIL FAN, FRENCH DOOR--MASTER BATH BOASTS 6 FT TUB, DUAL SINKS, SEPARATE VANITY AREA, LINEN CLOSET, FLOOR TO CEILING TILED SHOWER--2ND & 3RD BR'S HAVE WALK-IN CLOSETS & SHARE JACK 'N JILL BATH--PLANTATION SHUTTERS T/O--NEST THERMOSTAT--7 ½" BASEBOARDS--STACK STONE NICHES--FULL SIZE LAUNDRY ROOM WITH FULL CABINETS, TILE BACKSPLASH, SINK, WASHER/DRYER STAY--EPOXY FLOORS IN GARAGE--TANKLESS H20 HEATER--OVERHEAD STORAGE RACKS--MINI SPLIT A/C WALL UNIT--GORGEOUS & PEACEFUL LOW MAINTENANCE BKYD--ARTIFICIAL GRASS--COV'D PATIO--FIRE PIT--3-VASE FOUNTAIN--B/IN BBQ + BIG GREEN EGG--RAISED DECK W/PERGOLA & PARTIAL STRIP VIEW!!

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: 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
 

$742,410$907,390$824,900

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$3,044
Property Tax -$565
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
-$448

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.

$824,900

PROJECTED PRICE

$3,370

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,349

INVESTMENT

$224,349

Down Payment
$206,225
Rehab Estimate
$5,750
Closing Costs
$12,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,225
Loan Amount $618,675
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$26,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,370

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,755

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,499
1$2,4992$2,6753$2,6954$2,7955$3,370
$3,370
RENT COMPS ANALYSIS
  • 2524 Chateau Napoleon Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 3,289 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,289 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,370
    • $1.02
    •  
  • 2195 Anserville Henderson, NV 1
    • 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2011
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.80
    •  
  • 2733 Dundonald Court Henderson, NV 2
    • 5 beds 3 baths ∙ 3,155 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,155 Sqft ∙ Built 2007
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.85
    •  
  • 2761 Craigmillar Street Henderson, NV 3
    • 5 beds 3 baths ∙ 3,155 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,155 Sqft ∙ Built 2006
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.85
    •  
  • 2849 Josephine Drive Henderson, NV 4
    • 3 beds 3 baths ∙ 3,288 Sqft ∙ Built 2012 3 beds 3 baths ∙ 3,288 Sqft ∙ Built 2012
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.85
    •  
PROPERTY LISTING DETAILS
Heidi Miller
1.702.497.7778
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247972
Last Updated: 11/12/2020
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