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PROPERTY INFO
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
- 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
* 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 | $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
| 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
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
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
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LEASED 06/25/20- Rent
- Rent Per SQFT
- $2,293
- $0.81
PROPERTY LISTING DETAILS
1.702.723.7290
Re/max Advantage
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2266029
Last Updated: 02/09/2021
