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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $180.40
- 7 Days on Market
- MLS # : 2259015
- Updated Date : 01/09/2021 at 15:54
CONSTRUCTION
- Beds : 4
- Floor Size : 3,520 sqft
- Baths : 3 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Stunning 4 bedroom + downstairs office, 3.5 bath home in the beautiful Inspirada Community. This home includes upgraded tile and carpet throughout, an in laws suite upstairs in addition to the oversized Master bed/bath, a large kitchen for entertaining complete with a farm sink, double ovens, all stainless steel appliances, and a triple panel sliding door opening up to a yard with a covered patio and extended pavers. In addition to these great features this home belongs to an experienced carpenter who has built in a customized playroom, an electric fireplace, and several other "farmhouse" style accents throughout the home. Within walking distance to parks, playgrounds, and a sparkling community pools.
SEE MORE
- 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
* 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 | $3,100 |
| EXPENSES | Loan Payment | -$2,206 |
| Property Tax | -$435 | |
| Property Insurance | -$95 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$245
|
||
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.
$635,000
PROJECTED PRICE
$3,100
PROJECTED RENT
0.49%
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
$174,025
LOAN DETAILS
$2,206
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $158,750 |
| Loan Amount | $476,250 |
7.83
YEARS SAVED
$65,426
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,100
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$3,098
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
3050 Echoed Rondel Lane Henderson, NV 4
- 4 beds 4 baths ∙ 3,520 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,520 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $3,100
- $0.88
-
2633 Via Monet Henderson, NV 1
- 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,384 Sqft ∙ Built 2018
LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,700
- $0.80
-
2079 Cotton Valley Street Henderson, NV 2
- 3 beds 3 baths ∙ 3,172 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,172 Sqft ∙ Built 2004
LEASED 12/15/19- Rent
- Rent Per SQFT
- $2,800
- $0.88
-
2574 Hazelburn Avenue Henderson, NV 3
- 5 beds 5 baths ∙ 3,240 Sqft ∙ Built 2020 5 beds 5 baths ∙ 3,240 Sqft ∙ Built 2020
LEASED 10/09/20- Rent
- Rent Per SQFT
- $3,000
- $0.93
-
2453 Final Stanza Court Henderson, NV 5
- 4 beds 4 baths ∙ 3,520 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,520 Sqft ∙ Built 2019
LEASED 11/06/20- Rent
- Rent Per SQFT
- $3,200
- $0.91
PROPERTY LISTING DETAILS
1.702.904.3031
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259015
Last Updated: 01/09/2021
