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2572 Sturrock Drive Henderson, NV 89044

4 Beds 4 Baths 3,021 sqft Built 2004

INVESTimate

$500,000

List Price

$2,040

$1,836 - $2,244

Rent Est.

$525,550  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $165.51
  • 6 Days on Market
  • MLS # : 2224007
  • Updated Date : 08/23/2020 at 18:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,021 sqft
  • Baths : 3 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

WHOA NELLY STUNNING ANTHEM HIGHLANDS HOME I ONE OF THE HOTTEST ZIPS IN SOUTHERN NEVADA 89044! THOUSANDS IN RECENT UPGRADES AND CUSTOM FEATURES. Beautiful entry way leads you to nice open floor plan with dramatic high ceilings. Gourmet like kitchen that overlooks the entertainment room. Take a stroll out back and create your own mini oasis in the desert with nobody behind and great views, BBQ 5 burner with rotisserie, and ceramic sear burner, private gazebos. The second floor boast of your own mini penthouse master bedroom and spa like master bathroom. Large secondary rooms and room on 1st floor. Perfect next gen home. A CALIFORNIA EXODUS FAVORITE! DONT DELAY CLICK TODAY

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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: 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
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,845
Property Tax -$331
Property Insurance -$86
HOA -$55
Property Management Fees -$119
CASH FLOW
-$395

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.

$500,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.11%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,2003$2,2004$2,2005$2,293
$2,293
RENT COMPS ANALYSIS
  • 2572 Sturrock Drive Henderson, NV 1
    • 4 beds 2 baths ∙ 3,021 Sqft ∙ Built 2004 4 beds 2 baths ∙ 3,021 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.68
    •  
  • 2679 Bothwell Place Henderson, NV 2
    • 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 2453 Daks Loden Henderson, NV 3
    • 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2004
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 2683 Kinghorn Place Henderson, NV 4
    • 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 2749 Borthwick Avenue Henderson, NV 5
    • 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2005
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,293
    • $0.81
    •  
PROPERTY LISTING DETAILS
Steve P Hawks
1.702.617.4637
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224007
Last Updated: 08/23/2020
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