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2597 Kinghorn Place Henderson, NV 89044

3 Beds 3 Baths 2,835 sqft Built 2005

$509,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $179.86
  • 7 Days on Market
  • MLS # : 2246892
  • Updated Date : 11/09/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,835 sqft
  • Baths : 3 full
Listing Agent

Resolution Realty

Listing Agent's Description

Beautifully upgraded single-story home located in the Anthem-Highlands master-planned community. High lofted ceilings with crown molding, complemented with 8' interior doorways, gives this already open layout an even more spacious feel. Making this home a perfect space for entertaining. Oversized Primary suite complete with large bathroom and walk-in closet. Roomy secondary bedrooms each with full bathrooms attached. Nook space perfect for an informal office or sitting area. While the private office/den space is perfect for a quiet workroom. Fully landscaped front and backyards with fire-pit, mature trees, and covered patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$458,910$560,890$509,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,881
Property Tax -$373
Property Insurance -$82
Property Management Fees -$119
CASH FLOW
-$476

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.

$509,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.39%

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-$10k-$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$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,881

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,062

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9803$2,0004$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 2597 Kinghorn Place Henderson, NV 2
    • 3 beds 3 baths ∙ 2,835 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,835 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.70
    •  
  • 2542 Findlater Street Henderson, NV 1
    • 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.65
    •  
  • 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
    •  
  • 2678 Kinghorn Place #0 Henderson, NV 4
    • 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
  • 2652 Kinghorn Place Henderson, NV 5
    • 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
PROPERTY LISTING DETAILS
Greg Martin
1.702.290.1290
Resolution Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246892
Last Updated: 11/09/2020
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