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2689 Paris Amour Street Henderson, NV 89044

3 Beds 3 Baths 2,582 sqft Built 2009

$565,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $218.82
  • 7 Days on Market
  • MLS # : 2271942
  • Updated Date : 02/27/2021 at 15:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,582 sqft
  • Baths : 3 full
Listing Agent

Huntington & Ellis, A Real Est

Listing Agent's Description

Beautiful single story home in Henderson boasting a 3 car garage! This lovely home includes beautiful flooring throughout, plenty of natural lights, spacious bedrooms, a den, formal dining area, separate laundry room, and 3 car garage! Kitchen offers a breakfast bar, granite counters, beautiful custom cabinets, providing plenty of storage, and stainless steel appliances. Master bedroom contains a ceiling fan and walk in closet. Primary bath offers a large garden tub and separate shower. Yard includes a covered patio, pavers, built in bbq, synthetic grass. and lush plants.This beautiful home is a MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,962
Property Tax -$393
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$211

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.

$565,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.41%

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$1.6M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$19,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,924

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8953$1,9954$2,0505$2,340
$2,340
RENT COMPS ANALYSIS
  • 2689 Paris Amour Street Henderson, NV 5
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.91
    •  
  • 2180 Anserville Avenue #n/a Henderson, NV 1
    • 3 beds 3 baths ∙ 2,635 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,635 Sqft ∙ Built 2010
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.64
    •  
  • 2613 Vendange Place Henderson, NV 2
    • 3 beds 3 baths ∙ 2,438 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,438 Sqft ∙ Built 2006
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 2180 De Narvik Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2007
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 2285 Manosque Lane Henderson, NV 4
    • 5 beds 3 baths ∙ 2,642 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,642 Sqft ∙ Built 2006
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.78
    •  
PROPERTY LISTING DETAILS
John Sullivan
1.702.800.8999
Huntington & Ellis, A Real Est
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271942
Last Updated: 02/27/2021
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