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2747 Flowing Breeze Street Henderson, NV 89044

3 Beds 3 Baths 2,037 sqft Built 2018

INVESTimate

$459,000

List Price

$1,840

$1,656 - $2,024

Rent Est.

$482,455  ( +5.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $225.33
  • 8 Days on Market
  • MLS # : 2221622
  • Updated Date : 08/21/2020 at 13:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,037 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

This sparkling, 2-year-old single story home on a corner lot in a single story community is ready for move-in. Open living space with laminate wood flooring and brand new dining and Kitchen drop light fixtures. Modern kitchen has upgraded quartz countertops, soft-close cabinets and a tile backsplash. The spacious primary suite with dual walk-in closets is distanced from the other 2 bedrooms. 2 car garage with plentiful street parking. Drought-resistant landscaping with drip irrigation provides for a low maintenance yard with fig and citrus tree. Located in the Inspirada Master Community, this home is within 5 minutes' walk to the pool, dog park, tennis courts, sports fields, kid's splash pad, playground, picnic area and more. For those who want to get out into nature, it's a short hike to Sloane Canyon to explore its many trails. Excellent school district.

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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: 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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,694
Property Tax -$324
Property Insurance -$67
HOA -$255
Property Management Fees -$119
CASH FLOW
-$618

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.

$459,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.11%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8403$1,8954$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 2747 Flowing Breeze Street Henderson, NV 2
    • 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.90
    •  
  • 2710 Hammetts Landing Walk Henderson, NV 1
    • 3 beds 3 baths ∙ 1,981 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,981 Sqft ∙ Built 2018
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 3049 Historic Horizon Avenue Henderson, NV 3
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 2017
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
  • 3029 Young Bouvier Avenue Henderson, NV 4
    • 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,133 Sqft ∙ Built 2018
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 2756 Aldo Moro Henderson, NV 5
    • 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2018
    property image
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
PROPERTY LISTING DETAILS
Sayuri Takemoto
1.702.799.9598
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2221622
Last Updated: 08/21/2020
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