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2663 Marvel Astoria Henderson, NV 89044

3 Beds 3 Baths 1,979 sqft Built 2017

INVESTimate

$344,499

List Price

$1,740

$1,566 - $1,914

Rent Est.

$362,103  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $174.08
  • 6 Days on Market
  • MLS # : 2224109
  • Updated Date : 08/21/2020 at 21:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,979 sqft
  • Baths : 2 full , 1 half
Listing Agent

Luxe Estates & Lifestyles Llc

Listing Agent's Description

This beautiful two story 3 bedroom home is just around the corner from the POOLS and PARKS of INSPIRADA! Downstairs you will enjoy the light and airy open concept living room, dining and kitchen w/island. All appliances stay! Upstairs you get spacious bedrooms w/walk-ins, spacious laundry room, and a deck off of the secondary bedroom! 28 Solar panels, 8.4 kW. INSPIRADA living includes multiple parks, community pools, baseball fields, tennis and much more! Move in ready - Welcome 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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$310,049$378,949$344,499

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,271
Property Tax -$284
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$0

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.

$344,499

PROJECTED PRICE

$1,740

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.11%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,042

INVESTMENT

$97,042

Down Payment
$86,125
Rehab Estimate
$5,750
Closing Costs
$5,167

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,271

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,125
Loan Amount $258,374
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$27,083

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,751

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7503$1,7504$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 2663 Marvel Astoria Henderson, NV 1
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.88
    •  
  • 2690 Marvel Astoria Street Henderson, NV 2
    • 3 beds 3 baths ∙ 1,981 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,981 Sqft ∙ Built 2018
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 2646 Marvel Astoria Street Henderson, NV 3
    • 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2018
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 2683 Marvel Astoria Street Henderson, NV 4
    • 3 beds 3 baths ∙ 1,990 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,990 Sqft ∙ Built 2017
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
  • 3049 Historic Horizon Avenue Henderson, NV 5
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2017
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
PROPERTY LISTING DETAILS
Derek Hoskins
1.702.351.4721
Luxe Estates & Lifestyles Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224109
Last Updated: 08/21/2020
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