Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2618 Portsmouth Creek Avenue Henderson, NV 89052

3 Beds 3 Baths 2,401 sqft Built 2005

$890,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $370.68
  • 4 Days on Market
  • MLS # : 2240530
  • Updated Date : 11/07/2020 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,401 sqft
  • Baths : 3 full
Listing Agent

Vegas Realty

Listing Agent's Description

Here is your opportunity to have a golf course and strip view in Sun City Anthem. This highly desirable property is located right on the golf course with amazing views of Revere Golf Course, strip and mountain views. As you walk into the property and the community you will not be disappointed. This property has a casita, formal living room, formal dining room, family room, solar panels(owned), built in wall unit and much much more. When you walk towards the backyard, you will see your own private oasis with a built in bbq grill kitchen, retractable patio covering and your own golf course views. And a must see strip/ sunset views

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$801,000$979,000$890,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$3,284
Property Tax -$540
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$1,666

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.

$890,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.26%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,600

INVESTMENT

$241,600

Down Payment
$222,500
Rehab Estimate
$5,750
Closing Costs
$13,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,500
Loan Amount $667,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$79

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,425

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,3954$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2618 Portsmouth Creek Avenue Henderson, NV 2
    • 3 beds 3 baths ∙ 2,401 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,401 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.98
    •  
  • 2292 Canyonville Drive #0 Henderson, NV 1
    • 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,368 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
  • 2591 Highmore Avenue Henderson, NV 3
    • 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2001
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
  • 2374 Fayetteville Avenue Henderson, NV 4
    • 3 beds 4 baths ∙ 2,368 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,368 Sqft ∙ Built 2004
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.01
    •  
  • 2435 Blair Castle Henderson, NV 5
    • 4 beds 3 baths ∙ 2,333 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,333 Sqft ∙ Built 2007
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
PROPERTY LISTING DETAILS
Gilbert M Torres
1.702.497.4799
Vegas Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2240530
Last Updated: 11/07/2020
BESbswy