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2579 Lochleven Way Henderson, NV 89044

4 Beds 3 Baths 2,661 sqft Built 2006

$500,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $187.90
  • 7 Days on Market
  • MLS # : 2266029
  • Updated Date : 02/09/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,661 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Advantage

Listing Agent's Description

Live Elevated! High up in Anthem Highlands. One of Pulte's best selling single story plans! Ideal location across from neighborhood park! South facing backyard for warm sunlight in the cool months. Neutral two tone paint scheme, extensive tile, and split bedroom plan rocks this home. Superb island kitchen adorned in granite counter tops. There's so many cabinets!! Super spacious living room, open formal dining in addition to the kitchen nook. Luxurious primary bedroom and ensuite - check out the walk-in closet! AND walk through the closet to the oversized laundry room. Ample secondary bedrooms on opposite end of home. Neighborhood park across the street. Easy care backyard with no homes looking in. Its a great house, waiting to be called home.

SEE MORE

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

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,737
Property Tax -$373
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$288

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

$2,020

PROJECTED RENT

0.40%

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-$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

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.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$10,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,049

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$2,0003$2,0004$2,0205$2,293
$2,293
RENT COMPS ANALYSIS
  • 2579 Lochleven Way Henderson, NV 4
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.76
    •  
  • 2830 Kinknockie Way Henderson, NV 1
    • 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 2006
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.76
    •  
  • 2553 Lockerbie Street Henderson, NV 2
    • 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,666 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 2521 Libberton Street Henderson, NV 3
    • 4 beds 4 baths ∙ 2,642 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,642 Sqft ∙ Built 2006
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.76
    •  
  • 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
Timothy P Kuptz
1.702.723.7290
Re/max Advantage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266029
Last Updated: 02/09/2021
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