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2581 Gilbertville Avenue Henderson, NV 89052

2 Beds 2 Baths 1,917 sqft Built 2000

$449,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $234.22
  • 8 Days on Market
  • MLS # : 2266506
  • Updated Date : 02/13/2021 at 01:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,917 sqft
  • Baths : 2 full
Listing Agent

Windermere Anthem Inspirada

Listing Agent's Description

Immaculate Move-In ready!!! Fully fenced tranquil backyard! Extended covered patio! Ideal 3/BD, 2/BA Popular Independence Model with courtyard entry. Eat-in kitchen offers extra storage. Open great room with sliding glass door to the patio and backyard. Premier location for shopping and restaurants . Nationally renown Sun City Anthem offers a vibrant resort style community for Active Adults 55+. Features include a state-of-the-art fitness center, as well as an indoor pool and walking track. Craft rooms, hobby studios, a computer lab, woodworking shop, library and a grand ballroom. There are also several bocce ball, pickleball, and tennis courts, as well as horseshoe pits and so much more!

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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,560
Property Tax -$254
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$117

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.

$449,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.42%

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$20k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$20,367

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,879

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,8804$1,9005$2,099
$2,099
RENT COMPS ANALYSIS
  • 2581 Gilbertville Avenue Henderson, NV 3
    • 2 beds 2 baths ∙ 1,917 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,917 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.98
    •  
  • 2589 Terrytown Avenue #0 Henderson, NV 1
    • 2 beds 2 baths ∙ 1,901 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,901 Sqft ∙ Built 1999
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 14 Hammock Dunes Court Henderson, NV 2
    • 2 beds 2 baths ∙ 1,720 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,720 Sqft ∙ Built 2000
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.05
    •  
  • 96 Emerald Dunes Circle Henderson, NV 4
    • 2 beds 2 baths ∙ 1,942 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,942 Sqft ∙ Built 2001
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
  • 2570 Hayesville Avenue Henderson, NV 5
    • 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,096 Sqft ∙ Built 2000
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.00
    •  
PROPERTY LISTING DETAILS
Chris K Wolfgram
1.702.802.8606
Windermere Anthem Inspirada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266506
Last Updated: 02/13/2021
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