Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2802 Poseidon Shore Avenue Henderson, NV 89052

5 Beds 3 Baths 4,588 sqft Built 2015

INVESTimate

$1,250,000

List Price

$4,090

$3,840 - $4,340

Rent Est.

$1,335,125  ( +6.81%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $272.45
  • 10 Days on Market
  • MLS # : 2222686
  • Updated Date : 08/17/2020 at 17:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,588 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Gorgeous Seven Hills Gated Community of Aventine. Atlas Model. Strip and Mountain Views. Open floor plan with 10' ceilings down and 9' up. Chef kitchen with Bianco Antico Granite, Espresso Raised Panel Cabinets, Electrolux Stainless Steel Kitchen Appliances including 72" refrigerator & icemaker. Open loft with wet bar. Custom shades through with most of them are motorized. Resort style backyard oasis, heated pool & spa. Outdoor built in kitchen with oversized covered patio with fire pit great for entertaining. Closed circuit security cameras throughout.

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: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,681$4,499$4,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$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$3.0M$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,090
EXPENSES Loan Payment -$4,612
Property Tax -$635
Property Insurance -$116
HOA -$54
Property Management Fees -$119
CASH FLOW
-$1,446

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.

$1,250,000

PROJECTED PRICE

$4,090

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.81%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$4,373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,090

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $4,083

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,6003$3,7954$4,0905$4,500
$4,500
RENT COMPS ANALYSIS
  • 2802 Poseidon Shore Avenue Henderson, NV 4
    • 5 beds 3 baths ∙ 4,588 Sqft ∙ Built 2015 5 beds 3 baths ∙ 4,588 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $4,090
    • $0.89
    •  
  • 3080 Via Flaminia Court Henderson, NV 1
    • 5 beds 3 baths ∙ 4,331 Sqft ∙ Built 2002 5 beds 3 baths ∙ 4,331 Sqft ∙ Built 2002
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.83
    •  
  • 2834 Poseidon Shore Avenue Henderson, NV 2
    • 5 beds 5 baths ∙ 4,282 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,282 Sqft ∙ Built 2018
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.84
    •  
  • 1337 Via Savona Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 4,276 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,276 Sqft ∙ Built 1999
    LEASED 08/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,795
    • $0.89
    •  
  • 2696 Botticelli Drive Henderson, NV 5
    • 4 beds 5 baths ∙ 4,497 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,497 Sqft ∙ Built 2002
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jill Amsel
1.702.683.6563
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222686
Last Updated: 08/17/2020
BESbswy