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2663 Sunday Grace Drive Henderson, NV 89052

5 Beds 2 Baths 3,151 sqft Built 2001

$574,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $182.16
  • 5 Days on Market
  • MLS # : 2268615
  • Updated Date : 02/13/2021 at 21:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,151 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

WOW! WOW! WOW!IMMACULATE! 4 CAR GARAGE, RV PARKING WITH 220 HOOK UP, TROPICAL LUSH LANDSCAPE WITH A POOL SIZE LOT . LOW HOA! New flooring and plantation shutters! 2 living spaces 1 with Entertainment wall unit, huge loft with desk space and solid surface counters , den with fire place, evaporative cooling unit and entertainment alcove . Spacious kitchen with huge island, granite counters, walk in pantry, extra cabinet storage, desk counter space. 2 primary suites, walk in closets with organizers upstairs.. 3 additional bedrooms are over sized. Bedroom down with 3/4 bath. Spacious Primary suite has en suite bath with upgraded shower and extra extra large walk in closet. Separate laundry room with laundry shoot . Expansive covered patio, large decorative pavers . Spa! Master Hoa offers in home alarm/security service as part of the monthly dues. Solar is leased. 4 bay garage ( small bay has office that can stay or go). This is a keeper and will not last!

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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: Southfork

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k393k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Southfork

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10802255

* 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
Glen C. Taylor Elementary School Primary Regular 961 46 9
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

Glen C. Taylor Elementary School

  • Education Level: Primary
  • # of students: 961
  • # of teachers: 46
9
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

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

$516,600$631,400$574,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,994
Property Tax -$347
Property Insurance -$88
Property Management Fees -$119
CASH FLOW
-$158

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.

$574,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$157,860

INVESTMENT

$157,860

Down Payment
$143,500
Rehab Estimate
$5,750
Closing Costs
$8,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,500
Loan Amount $430,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$24,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,450

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2953$2,3454$2,3905$2,695
$2,695
RENT COMPS ANALYSIS
  • 2663 Sunday Grace Drive Henderson, NV 4
    • 5 beds 2 baths ∙ 3,151 Sqft ∙ Built 2001 5 beds 2 baths ∙ 3,151 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.76
    •  
  • 2653 Hourglass Drive Henderson, NV 1
    • 5 beds 2 baths ∙ 3,151 Sqft ∙ Built 2002 5 beds 2 baths ∙ 3,151 Sqft ∙ Built 2002
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.70
    •  
  • 806 Sandhill Sage Henderson, NV 2
    • 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
  • 917 Sir Winston Street Henderson, NV 3
    • 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.79
    •  
  • 744 Barnegat Bay Henderson, NV 5
    • 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,183 Sqft ∙ Built 1999
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.85
    •  
PROPERTY LISTING DETAILS
Christina M Flores-timm
1.702.883.0797
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268615
Last Updated: 02/13/2021
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