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3045 Echoed Rondel Lane 
Henderson, NV
89044
4 Beds 3 Baths 2,148 sqft
Built 2017
INVESTimate
$420,000
List Price
$117,050
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $195.53
- 2 Days on Market
- MLS # : 2224918
- Updated Date : 08/25/2020 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,148 sqft
- Baths : 3 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Beautiful Open Floor Plan awaits you in Inspirada. This home is a 4 bedroom 3 full baths with 1 bedroom downstairs. With 2148 sq. ft of living space that's Highly upgraded with Plantation shutters, Wood like Tile floors, Upgraded kitchen Countertops & Cabinets, Stainless Steel Appliances, Upgraded Sink & Shower Fixtures, Tankless Water Heater, Covered Patio with Stone Pavers and more. Welcome Home!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,550 |
| Property Tax | -$314 | |
| Property Insurance | -$69 | |
| HOA | -$285 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$186
|
||
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.
$420,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 5.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$117,050
LOAN DETAILS
$1,550
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
3.33
YEARS SAVED
$13,817
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,121
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
3045 Echoed Rondel Lane Henderson, NV 2
- 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,150
- $1.00
-
2439 Blair Castle Henderson, NV 1
- 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 2012
LEASED 04/14/20- Rent
- Rent Per SQFT
- $2,100
- $0.96
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2560 Sable Creek Street Henderson, NV 3
- 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2016
LEASED 08/30/19- Rent
- Rent Per SQFT
- $2,200
- $0.97
-
2517 Bankhurst Henderson, NV 4
- 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,263 Sqft ∙ Built 2015
LEASED 04/17/20- Rent
- Rent Per SQFT
- $2,200
- $0.97
-
3052 Split Oak Avenue Henderson, NV 5
- 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 2016
LEASED 07/09/20- Rent
- Rent Per SQFT
- $2,300
- $1.05
PROPERTY LISTING DETAILS
1.702.808.2918
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224918
Last Updated: 08/25/2020
