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2541 Venus Star Street Henderson, NV 89044

2 Beds 1 Baths 1,596 sqft Built 2006

INVESTimate

$349,900

List Price

$1,460

$1,314 - $1,606

Rent Est.

$376,352  ( +7.56%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $219.24
  • 5 Days on Market
  • MLS # : 2224093
  • Updated Date : 08/22/2020 at 00:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,596 sqft
  • Baths : 1 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

Pristine home on cul-de-sac lot in highly-acclaimed Solera at Anthem, an age-restricted community. Popular Whitney model, bright open floorplan with 2 bedrooms plus a den. Original owners have taken great care of this home. It is move-in ready and features kitchen with corian counters, stainless steel appliances, pantry, island, breakfast bar, convection oven, and convection bake microwave. Great room is very bright with large picture windows and dining room. Master bedroom has large walk-in closet, bath with dual sinks and walk-in shower. Additional bedroom is good-sized with easy access to full bath. Covered patio with ceiling fan, private yard, sale includes natural gas BBQ and charcoal BBQ, and low-maintenance landscaping. Includes recessed lights throughout, ceiling fans, blinds throughout, and separate laundry room. Great curb appeal, stone front, 2-car garage, recently repainted exterior, newer water heater, also includes water softener, refrigerator, washer, and dryer.

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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: Solera at Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Solera at Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9571875

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,291
Property Tax -$217
Property Insurance -$58
HOA -$186
Property Management Fees -$119
CASH FLOW
-$411

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.

$349,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.56%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,6003$1,6004$1,6005$1,625
$1,625
RENT COMPS ANALYSIS
  • 2541 Venus Star Street Henderson, NV 1
    • 2 beds 1 baths ∙ 1,596 Sqft ∙ Built 2006 2 beds 1 baths ∙ 1,596 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.91
    •  
  • 2478 Hamonah Henderson, NV 2
    • 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 2006
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 2514 Capella Star Street Henderson, NV 3
    • 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 2006
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 2444 Cosmic Ray Place Henderson, NV 4
    • 2 beds 1 baths ∙ 1,596 Sqft ∙ Built 2007 2 beds 1 baths ∙ 1,596 Sqft ∙ Built 2007
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 2488 Comet Cloud Court Henderson, NV 5
    • 2 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,708 Sqft ∙ Built 2007
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.95
    •  
PROPERTY LISTING DETAILS
Brenda S Fischer
1.702.249.0826
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224093
Last Updated: 08/22/2020
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