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2721 Cyrano Street Henderson, NV 89044

5 Beds 5 Baths 4,042 sqft Built 2006

$1,199,900

List Price

$4,840

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $296.86
  • 1 Days on Market
  • MLS # : 2314015
  • Updated Date : 07/13/2021 at 19:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,042 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Former model with strip views. Over 4000 sq ft with casita, 4 beds, office, game room and a loft/library. A gourmet kitchen with granite counters, walk-in pantry, stainless steel monogram appliances including 2 convection ovens, 5 burner cooktop, built-in refrigerator, warming drawer, butlers pantry & wine fridge. The family room is open to the kitchen with cathedral ceiling, fireplace, & media niche. The grand master retreat is separate from the other bedrooms with his & hers walk-in closets, separate tub & shower, balcony with city views. The downstairs office has a full bathroom. The upstairs game room has panoramic views and full bathroom. The detached casita has a full bath and walk-in closet. Upgraded touches like stamped concrete, freshly painted exterior, dual staircases, crown molding, laundry room with sink, cabinets and more. Multiple outdoor areas including a paradise backyard with lush landscaping, pebble tech pool with fountains, 2 patio covers and gated front courtyard.

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
 

$1,079,910$1,319,890$1,199,900

PURCHASE PRICE

$4,356$5,324$4,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,840
EXPENSES Loan Payment -$4,168
Property Tax -$778
Property Insurance -$105
Property Management Fees -$119
CASH FLOW
-$330

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.

$1,199,900

PROJECTED PRICE

$4,840

PROJECTED RENT

0.40%

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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,724

INVESTMENT

$323,724

Down Payment
$299,975
Rehab Estimate
$5,750
Closing Costs
$17,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,975
Loan Amount $899,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$51,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,840

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $3,860

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,8953$3,9904$3,9955$4,840
$4,840
RENT COMPS ANALYSIS
  • 2721 Cyrano Street Henderson, NV 5
    • 5 beds 5 baths ∙ 4,042 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,042 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $4,840
    • $1.20
    •  
  • 2804 Josephine Drive Henderson, NV 1
    • 4 beds 4 baths ∙ 4,211 Sqft ∙ Built 2013 4 beds 4 baths ∙ 4,211 Sqft ∙ Built 2013
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.85
    •  
  • 2457 Luberon Drive Henderson, NV 2
    • 4 beds 4 baths ∙ 4,050 Sqft ∙ Built 2011 4 beds 4 baths ∙ 4,050 Sqft ∙ Built 2011
    LEASED 07/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $0.96
    •  
  • 2805 Sisteron Court Henderson, NV 3
    • 5 beds 6 baths ∙ 4,048 Sqft ∙ Built 2008 5 beds 6 baths ∙ 4,048 Sqft ∙ Built 2008
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $0.99
    •  
  • 2852 Josephine Drive Henderson, NV 4
    • 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Michael Carlucci
1.702.461.4422
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2314015
Last Updated: 07/13/2021
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