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2775 Culloden Avenue Henderson, NV 89044

5 Beds 4 Baths 4,482 sqft Built 2006

$680,000

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $151.72
  • 23 Days on Market
  • MLS # : 2246930
  • Updated Date : 11/27/2020 at 09:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,482 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

When you step in to this beautiful home you are greeted by a sweeping staircase and vaulted ceilings that set the tone for warmth of this delightful home. There are five bedrooms,one is downstairs,plus two flex spaces to use as an office,den,or another bedroom. The highlight of the home is the roomy primary bedroom that boasts a personal retreat space,with double doors to the balcony that overlooks the backyard. Open the barn door to step into the spacious primary bathroom,with a jetted tub,three-way fireplace and huge walk in custom designed closet. The chefs kitchen is open plan with galaxy-black granite,custom cherry cabinets and stainless steel appliances. The many upgrades include warm stone trim throughout,travertine tile,hardwood floors,elegant crown molding and two fireplaces. The outdoor space is perfect for relaxing or entertaining,there's a sparkling pool and spa,covered patio with a ceiling fan for comfort,and a barbecue grill. This really has it all so pack your bags!

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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
 

$612,000$748,000$680,000

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$2,509
Property Tax -$536
Property Insurance -$114
Property Management Fees -$119
CASH FLOW
$322

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.

$680,000

PROJECTED PRICE

$3,600

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$89,815

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,690

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6003$3,6504$3,700
$3,700
RENT COMPS ANALYSIS
  • 2775 Culloden Avenue Henderson, NV 2
    • 5 beds 4 baths ∙ 4,482 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,482 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.80
    •  
  • 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
    •  
  • 2789 Culzean Place Henderson, NV 3
    • 5 beds 4 baths ∙ 4,482 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,482 Sqft ∙ Built 2006
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.81
    •  
  • 2429 Chateau Napoleon Henderson, NV 4
    • 5 beds 5 baths ∙ 4,591 Sqft ∙ Built 2013 5 beds 5 baths ∙ 4,591 Sqft ∙ Built 2013
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Sandee G Mcduffie
1.702.308.7627
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246930
Last Updated: 11/27/2020
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