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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $187.80
- 7 Days on Market
- MLS # : 2263165
- Updated Date : 01/24/2021 at 05:30
CONSTRUCTION
- Beds : 4
- Floor Size : 3,754 sqft
- Baths : 3 full
Listing Agent
Keller Williams Southern Nevada
Listing Agent's Description
Beautiful home with SO much room! Stackable sliders lead out to your backyard with a covered patio, sparkling pool and fire pit. Inside offers an upstairs game room and a downstairs den. One bedroom and full bath downstairs. Immaculate kitchen with stainless steel appliances and cozy breakfast nook.3 car garage with cabinets and workspace for all of your projects!Come see this beauty!!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,600 |
| EXPENSES | Loan Payment | -$2,449 |
| Property Tax | -$516 | |
| Property Insurance | -$100 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$417
|
||
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.
$705,000
PROJECTED PRICE
$3,600
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$192,575
LOAN DETAILS
$2,449
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $176,250 |
| Loan Amount | $528,750 |
9.08
YEARS SAVED
$87,541
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,600
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$3,641
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
2572 Prairie Pine Street Henderson, NV 3
- 4 beds 3 baths ∙ 3,754 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,754 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $3,600
- $0.96
-
2445 Chateau Napoleon Henderson, NV 1
- 4 beds 4 baths ∙ 3,733 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,733 Sqft ∙ Built 2013
LEASED 08/05/20- Rent
- Rent Per SQFT
- $3,500
- $0.94
-
2760 Borthwick Avenue Henderson, NV 2
- 5 beds 5 baths ∙ 3,744 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,744 Sqft ∙ Built 2005
LEASED 08/10/20- Rent
- Rent Per SQFT
- $3,595
- $0.96
-
2521 Chateau Napoleon Drive Henderson, NV 4
- 4 beds 4 baths ∙ 3,948 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,948 Sqft ∙ Built 2014
LEASED 02/15/20- Rent
- Rent Per SQFT
- $3,800
- $0.96
-
3021 Merlesco Avenue Henderson, NV 5
- 4 beds 5 baths ∙ 3,932 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,932 Sqft ∙ Built 2018
LEASED 09/16/20- Rent
- Rent Per SQFT
- $3,995
- $1.02
PROPERTY LISTING DETAILS
1.702.773.7456
Keller Williams Southern Nevada
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263165
Last Updated: 01/24/2021
