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2547 Speyburn Avenue Henderson, NV 89044

3 Beds 3 Baths 2,088 sqft Built 2019

$699,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $334.77
  • 7 Days on Market
  • MLS # : 2278700
  • Updated Date : 03/18/2021 at 19:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,088 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crown Point Realty, Llc

Listing Agent's Description

Toll Brothers Stunner In Inspirada!! So Many Upgrades, It Could Be A Model! Check Out This 1 Story, Corner Lot Home, Right Next To One Of The Community Swimming Pools! Head Inside To Gorgeous Wood Tile Flooring Throughout The Living Areas, With A View Right Out Back Through The 9 Foot Sliding Glass Door In The Living Room! Quartz Counters In The Kitchen That Pair With The Beautiful Cherry/Mocha Cabinets, A Large Granite Topped Kitchen Island With A Breakfast Bar, And Complete With Black Stainless Steel Appliances! The Primary Suite Contains A Beautiful Bathroom That Has An Ultra Shower With Rain Head And Surround Sound! In The Living Room There Is A Marvelous Gas Fireplace Encased In A Stone Surround With A Built In Mantle! Head Out Back To An Picturesque View Of The Mountains, An Extra Large Spa With A Built In Waterfall Feature, Your Own Personal Putting Green, And A Built In Barbeque With A Bar Top!! You Won't Want To Miss Out On This One!

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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: West Henderson

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k546k

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

Neighborhood: West Henderson

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802664

* 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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$629,100$768,900$699,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$2,428
Property Tax -$428
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$1,133

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.

$699,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.9%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$69

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,916

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8503$1,8954$1,9005$1,910
$1,910
RENT COMPS ANALYSIS
  • 2547 Speyburn Avenue Henderson, NV 5
    • 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,088 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.91
    •  
  • 3111 Paladi Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,039 Sqft ∙ Built 2015
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.88
    •  
  • 2683 Marvel Astoria Street Henderson, NV 2
    • 3 beds 3 baths ∙ 1,990 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,990 Sqft ∙ Built 2017
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 3114 Paladi Henderson, NV 3
    • 4 beds 1 baths ∙ 2,039 Sqft ∙ Built 2017 4 beds 1 baths ∙ 2,039 Sqft ∙ Built 2017
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.93
    •  
  • 3115 Paladi Avenue Henderson, NV 4
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2015
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
PROPERTY LISTING DETAILS
Matt Farnham
1.702.530.7289
Crown Point Realty, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278700
Last Updated: 03/18/2021
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