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3050 Echoed Rondel Lane Henderson, NV 89044

4 Beds 4 Baths 3,520 sqft Built 2018

$635,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
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

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
 

$571,500$698,500$635,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

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

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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$174,025

INVESTMENT

$174,025

Down Payment
$158,750
Rehab Estimate
$5,750
Closing Costs
$9,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,206

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $158,750
Loan Amount $476,250
See What Happens When You Reinvest Cash Flow

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
$2,700
1$2,7002$2,8003$3,0004$3,1005$3,200
$3,200
RENT COMPS ANALYSIS
  • 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
Julie M Askim
1.702.904.3031
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259015
Last Updated: 01/09/2021
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