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2788 Goldcreek Street Henderson, NV 89052

2 Beds 1 Baths 1,280 sqft Built 2002

$315,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $246.09
  • 3 Days on Market
  • MLS # : 2248775
  • Updated Date : 11/21/2020 at 10:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,280 sqft
  • Baths : 1 full
Listing Agent

Empire Realty & Management

Listing Agent's Description

Stop your search, and welcome this 2 bedroom/2bathroom, single story house, to market. Located in desirable 55+ Sun City Anthem, this Washington model has a great floor plan. Plenty of space for all entertaining needs, and decorating wants, in the living and dining room areas. A cozy kitchen with ample room for cooking and storing. The primary bedroom is located on its own end of the house, and is quite sizable. Also has a large walk-in closet, and bay window. This property is on a corner lot, and outside has a covered patio, and plenty of space for your imagination. Sun City Anthem is an incredible 55+ community, with a ton of amenities. Some include: multiple clubhouses, pools/spas, fitness center, and a social calendar! Conveniently located to all of your highway, shopping, and entertainment needs! Come check this one out while it lasts!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,162
Property Tax -$197
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
-$100

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.

$315,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.45%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,555

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,335
1$1,3352$1,4003$1,4004$1,4305$1,525
$1,525
RENT COMPS ANALYSIS
  • 2788 Goldcreek Street Henderson, NV 4
    • 2 beds 1 baths ∙ 1,280 Sqft ∙ Built 2002 2 beds 1 baths ∙ 1,280 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.12
    •  
  • 2760 Goldcreek Street Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,160 Sqft ∙ Built 2002 2 beds 1 baths ∙ 1,160 Sqft ∙ Built 2002
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $1.15
    •  
  • 2736 Goldcreek Street Henderson, NV 2
    • 2 beds 1 baths ∙ 1,112 Sqft ∙ Built 2002 2 beds 1 baths ∙ 1,112 Sqft ∙ Built 2002
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.26
    •  
  • 2806 Meadow Park Avenue Henderson, NV 3
    • 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,112 Sqft ∙ Built 2002
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.26
    •  
  • 2166 Grand Traverse Street Henderson, NV 5
    • 2 beds 1 baths ∙ 1,280 Sqft ∙ Built 2002 2 beds 1 baths ∙ 1,280 Sqft ∙ Built 2002
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.19
    •  
PROPERTY LISTING DETAILS
Robert W Zirkel
1.702.250.5176
Empire Realty & Management
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248775
Last Updated: 11/21/2020
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