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2859 Scotts Valley Drive Henderson, NV 89052

2 Beds 2 Baths 2,592 sqft Built 2000

$775,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $299.00
  • 6 Days on Market
  • MLS # : 2243533
  • Updated Date : 11/01/2020 at 17:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,592 sqft
  • Baths : 1 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Golf Course, Mtn & City Views! Courtyard leads to security screened dbl custom doors*Wet bar w/wine frig greets guests at the sky lit entry*Tuscan in style, the Great Rm & wet bar have beautiful stone accents & uniquely positioned fire place, crown moldings through out*Remodeled island kit. w/Dura soft close drawers & cabts., pewter hardware, pull out shelving, granite ctrs. w/full back splash, Kitchen Aid SS appliances, gas cook top, breakfast bar, eating nook, pantry & R/O system*Separate laundry rm. w/cabts. & sink*3 car gar. w/epoxy coated flrs & cabts*MS has bay window, sep. tub and shower, dbl sinks separated by makeup vanity, skylight & walk in closet*Secondary bedroom ensuite, dbl sinks & mirrored clst doors*Den has built in cabts*So many extras like diagonally laid tile flrs., shutters, ceiling fans w/lights in all rooms, newer HVAC system w/programable thermostats, water conditioner, sliding glass doors replaced w/heavy duty sliders, Rolladen shutters, spa, BBQ gas stub out.

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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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$2,859
Property Tax -$405
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$1,201

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.

$775,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.29%

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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,294

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2603$2,4504$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2859 Scotts Valley Drive Henderson, NV 2
    • 2 beds 2 baths ∙ 2,592 Sqft ∙ Built 2000 2 beds 2 baths ∙ 2,592 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.87
    •  
  • 2128 Twin Falls Drive Henderson, NV 1
    • 2 beds 3 baths ∙ 2,638 Sqft ∙ Built 2005 2 beds 3 baths ∙ 2,638 Sqft ∙ Built 2005
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 1211 Panini Drive #0 Henderson, NV 3
    • 2 beds 3 baths ∙ 2,840 Sqft ∙ Built 2001 2 beds 3 baths ∙ 2,840 Sqft ∙ Built 2001
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
  • 2860 Patriot Park Place #0 Henderson, NV 4
    • 2 beds 2 baths ∙ 2,592 Sqft ∙ Built 2001 2 beds 2 baths ∙ 2,592 Sqft ∙ Built 2001
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
  • 3045 Lehman Cave Court #0 Henderson, NV 5
    • 2 beds 3 baths ∙ 2,814 Sqft ∙ Built 2003 2 beds 3 baths ∙ 2,814 Sqft ∙ Built 2003
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
PROPERTY LISTING DETAILS
Dennis C Leidy
1.702.595.9007
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243533
Last Updated: 11/01/2020
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