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2985 Marble Stone Avenue Henderson, NV 89044

4 Beds 3 Baths 2,467 sqft Built 2018

$430,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $174.30
  • 14 Days on Market
  • MLS # : 2257791
  • Updated Date : 01/08/2021 at 19:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,467 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Gorgeous 4 Bedroom Home with Loft and Den located in highly desirable Inspirada community. Popular floorplan with open layout, perfect for Entertaining! Kitchen features large island, Walk in Pantry, Upgraded Espresso Cabinets, Stainless Steel Appliances, and Beautiful Granite Countertops. Home features warm / neutral paint throughout, along with window coverings and ceiling fans. Upstairs Spacious Master Bedroom + 3 additional bedrooms along with large loft and upstairs laundry room. Home was built in 2018, shows like a model, and has a fully landscaped backyard! Walking distance to Aventura Park, Splash Pad, Baseball Fields, Pool, & Dog Park. This community is home to top rated Ellis Elementary, Pinecrest Charter School (walking distance),& also zoned for Del Webb MS/ Liberty HS. Community also features tennis courts, basketball courts, multiple community pools, clubhouse, social calendar with holiday events/farmers market, coffee shop, soccer fields, & much more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,494
Property Tax -$312
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
$191

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.

$430,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.51%

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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$46,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,233

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1903$2,2504$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 2985 Marble Stone Avenue Henderson, NV 2
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.89
    •  
  • 2809 Falling Mist Street Henderson, NV 1
    • 5 beds 4 baths ∙ 2,467 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,467 Sqft ∙ Built 2018
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 2807 Falling Mist Street Henderson, NV 3
    • 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
  • 2871 Rolling Brook Place Henderson, NV 4
    • 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,467 Sqft ∙ Built 2019
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 2936 Tranquil Brook Avenue Henderson, NV 5
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2018
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Erica Ockey
1.702.366.5271
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257791
Last Updated: 01/08/2021
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