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2730 Riceville Drive Henderson, NV 89052

2 Beds 2 Baths 3,354 sqft Built 2001

$950,000

List Price

$3,590

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $283.24
  • 5 Days on Market
  • MLS # : 2272419
  • Updated Date : 02/25/2021 at 03:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 3,354 sqft
  • Baths : 1 full , 1 half
Listing Agent

Windermere Anthem Hills

Listing Agent's Description

Completely customized Gold Key Anthem model with the BEST full strip and valley views from within the home! Great room/formal living-dining room is perfect for dinner parties or large gatherings. Luxurious upgrades include built-ins in den, entertainment center, crown molding, custom cabinets, California closets, Travertine flooring in entry and great room, hardwood floor in owner's suite. Stone fireplace in family room creates a cozy setting for family and guests. Large kitchen island with double sink and extra veggie sink for easy meal prep. Sub-Zero side by side refrigerator/freezer, full pull-outs in cabinets for easy access to dishes and utensils. Huge walk-in laundry room with utility sink and lots of cabinets and countertop workspace. Separate his/her walk in closets off the owner's suite with organized cabinets provide ample space to hang and store clothing. Recessed heat lamps in owner's bath create spa-like luxury. Central vac system as well as water conditioning system.

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
 

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,231$3,949$3,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,590
EXPENSES Loan Payment -$3,300
Property Tax -$531
Property Insurance -$92
Property Management Fees -$119
CASH FLOW
-$452

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.

$950,000

PROJECTED PRICE

$3,590

PROJECTED RENT

0.38%

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-$10k$0.0$10k$20k$30k

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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$27,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,590

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,884

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,9853$3,590
$3,590
RENT COMPS ANALYSIS
  • 2730 Riceville Drive Henderson, NV 3
    • 2 beds 2 baths ∙ 3,354 Sqft ∙ Built 2001 2 beds 2 baths ∙ 3,354 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $1.07
    •  
  • 2237 Turner Falls Street Henderson, NV 1
    • 2 beds 3 baths ∙ 3,172 Sqft ∙ Built 2006 2 beds 3 baths ∙ 3,172 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.82
    •  
  • 2564 Forest City Henderson, NV 2
    • 2 beds 3 baths ∙ 3,318 Sqft ∙ Built 2002 2 beds 3 baths ∙ 3,318 Sqft ∙ Built 2002
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,985
    • $0.90
    •  
PROPERTY LISTING DETAILS
Di Wolfgram
1.702.596.8389
Windermere Anthem Hills
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272419
Last Updated: 02/25/2021
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