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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $221.41
- 4 Days on Market
- MLS # : 2258650
- Updated Date : 01/02/2021 at 04:47
CONSTRUCTION
- Beds : 3
- Floor Size : 2,032 sqft
- Baths : 2 full
Listing Agent
Power Play Realty
Listing Agent's Description
Immaculate Cambridge model in Sun City Anthem! This move-in ready 3 bedroom, 2 bath home features a courtyard entry, the perfect space to enjoy your morning cup of coffee! As you enter the kitchen, you will immediately be drawn to all of the storage and counter space. Large great room with lots of natural light, plantation shutters, and media nook. Spacious master bedroom with plush carpet and crown molding. Laundry room hosts washer, dryer, sink and garage entrance. Two car garage plus extra storage space. The rear covered patio features ceiling fans and city lights views. Welcome home!
SEE MORE
- 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
* 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 | $1,910 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$260 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$195
|
||
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.
$449,900
PROJECTED PRICE
$1,910
PROJECTED RENT
0.42%
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
$124,974
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
3.92
YEARS SAVED
$19,061
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,073
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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2806 Somerset Springs Drive Henderson, NV 1
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- Rent
- Rent Per SQFT
- $1,910
- $0.94
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2843 Forest Grove Drive #--- Henderson, NV 2
- 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2000
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
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1302 Echo Wind Avenue Henderson, NV 3
- 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1997
LEASED 04/19/20- Rent
- Rent Per SQFT
- $1,999
- $0.99
-
2600 Centerville Henderson, NV 4
- 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 2002
LEASED 05/09/20- Rent
- Rent Per SQFT
- $2,000
- $1.05
-
3005 Lemon Heights Road Henderson, NV 5
- 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,117 Sqft ∙ Built 2001
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,400
- $1.13
PROPERTY LISTING DETAILS
1.702.509.0752
Power Play Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258650
Last Updated: 01/02/2021
