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2548 Sable Creek Street Henderson, NV 89044

4 Beds 4 Baths 2,187 sqft Built 2016

$414,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

$115,699

Investment Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $189.71
  • 4 Days on Market
  • MLS # : 2256579
  • Updated Date : 12/18/2020 at 11:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,187 sqft
  • Baths : 3 full , 1 half
Listing Agent

Resolution Realty

Listing Agent's Description

*GORGEOUS 2-STORY IN LOVELY INSPIRADA! 4 BEDROOMS & A LOFT IN THIS SOLANA PLAN BUILT BY PARDEE*HANDSOME FRONT LANDSCAPING & PAVERS ON DRIVEWAY GREET YOU AS YOU MAKE YOUR WAY TO THE FRONT DOOR*GREAT COVERED ENTRY WITH SITTING AREA*INSIDE YOU'LL FIND A DOWNSTAIRS BEDROOM & FULL BATHROOM W/ A WALK IN SHOWER MAKING THIS A GREAT GUEST QUARTER*HIGH CEILINGS/NEUTRAL PAINT/TALL/RAISED PANEL DOORS/BASEBOARDS*12X24 INCH NEUTRAL TILE IN HIGH TRAFFIC AREAS DOWNSTAIRS* STUNNING KITCHEN SHOWS OFF GORGEOUS TALL WOOD CABINETS/GE STAINLESS APPLIANCES/GRANITE CNTRS/ISLAND/WALK-IN PANTRY & BREAKFAST BAR*KITCHEN IS OPEN TO BOTH A SEPARATE DINING ROOM & FAMILY ROOM*ACCESS TO STUNNING BACKYARD FROM FAMILY ROOM/KITCHEN*LOVELY COVERED PATIO w/GAS STUB & GREAT ENTERTAINING SPACE*HEAD UPSTAIRS & YOU'LL FIND A LOFT THAT COULD BE A TOY ROOM & REC AREA*BEAUTIFUL PRIMARY BDRM & BATHROOM HAS DBL SINKS/SEP. TUB & SHOWER/TALL VANITIES*WITH LOCATION ACROSS THE STREET FROM COMMUNITY PARK/FACILITIES THIS ONE HAS IT ALL!

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: 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
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
 

FINANCIALS

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$373,410$456,390$414,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,531
Property Tax -$313
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$118

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.

$414,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.52%

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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,699

INVESTMENT

$115,699

Down Payment		 $103,725
Rehab Estimate		 $5,750
Closing Costs		 $6,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,725
Loan Amount $311,175
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$45,818

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT

  • $0.98

    LIST RENT PER SQFT

  • $2,143

    COMP ESTIMATED VALUE

  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,2004$2,2755$2,300
$2,300
RENT COMPS ANALYSIS
  • 2548 Sable Creek Street Henderson, NV 2
    • 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 2756 Aldo Moro Henderson, NV 1
    • 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2018
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 2517 Bankhurst Henderson, NV 3
    • 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2015
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 2552 Sable Creek Street Henderson, NV 4
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2016
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.01
    •  
  • 2512 Bankhurst Street Henderson, NV 5
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2015
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Ehren Alessi
1.702.800.5054
Resolution Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256579
Last Updated: 12/18/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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