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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $258.49
- 3 Days on Market
- MLS # : 2256595
- Updated Date : 12/18/2020 at 16:10
CONSTRUCTION
- Beds : 4
- Floor Size : 3,288 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Unlimited
Listing Agent's Description
High in the foothills of Black Mountain, in the prestigious 24-hour guard gated Club at Madeira Canyon sits a luxurious single-story estate on an oversized corner lot. This amazing open floor plan features impeccable designer finishes including glass entry door, plantation shutters, high-end wood floors, tray ceilings with warm wood inlays, crown moulding, chair rails, designer lighting, built-in great room shelving, amazing contemporary chef’s kitchen, stainless appliances, massive granite island, high-end ceiling fans throughout, central vacuum, laundry room with uppers and lowers and sink, 3-car garage with storage cabinets & epoxy floor & tankless water heater. Interior entertaining spaces blend seamlessly with your magnificent private backyard retreat that features covered patio, fire pit, planters, gazebo & gorgeous mature landscaping with landscape lighting. Your home has one of the largest driveways in the club and the SID/LID is Paid Off! Click **VTour** for website & 3D Tour.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,160 |
| EXPENSES | Loan Payment | -$3,136 |
| Property Tax | -$551 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$736
|
||
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.
$849,900
PROJECTED PRICE
$3,160
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$230,974
LOAN DETAILS
$3,136
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,475 |
| Loan Amount | $637,425 |
1.67
YEARS SAVED
$10,917
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,160
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,655
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
2744 Josephine Drive Henderson, NV 5
- 4 beds 3 baths ∙ 3,288 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,288 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $3,160
- $0.96
-
2617 Vendange Place Henderson, NV 1
- 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2006
LEASED 08/30/19- Rent
- Rent Per SQFT
- $2,195
- $0.73
-
2195 Anserville Henderson, NV 2
- 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2011 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2011
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,499
- $0.80
-
2733 Dundonald Court Henderson, NV 3
- 5 beds 3 baths ∙ 3,155 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,155 Sqft ∙ Built 2007
LEASED 01/27/20- Rent
- Rent Per SQFT
- $2,675
- $0.85
-
2849 Josephine Drive Henderson, NV 4
- 3 beds 3 baths ∙ 3,288 Sqft ∙ Built 2012 3 beds 3 baths ∙ 3,288 Sqft ∙ Built 2012
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,795
- $0.85
PROPERTY LISTING DETAILS
1.702.755.7873
Re/max Unlimited
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256595
Last Updated: 12/18/2020
