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3065 Hushed Sonnet Avenue Henderson, NV 89044

3 Beds 3 Baths 2,167 sqft Built 2019

$515,950

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $238.09
  • 11 Days on Market
  • MLS # : 2249440
  • Updated Date : 11/26/2020 at 20:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,167 sqft
  • Baths : 2 full , 1 half
Listing Agent

Weichert Realtors-millennium

Listing Agent's Description

Beautifully appointed single story corner lot home in Inspirada. Open floor plan and entertainers delight. Highly upgraded kitchen cabinets, 2.5” straight edge quartz counter tops, and appliances. Spacious rooms, 10 foot ceilings throughout with neutral grays and upgraded baseboards, plantation shutters and automated Hunter Douglas shades. This home is move-in ready. BBQ stays along with a sophisticated alkaline water treatment system. Backyard is gorgeous and designed to offer exceptional tranquility. This home will not last.

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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
 

$464,355$567,545$515,950

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,904
Property Tax -$364
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$436

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$515,950

PROJECTED PRICE

$2,020

PROJECTED RENT

0.39%

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) 3.00%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,727

INVESTMENT

$138,727

Down Payment
$128,988
Rehab Estimate
$2,000
Closing Costs
$7,739

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,988
Loan Amount $386,963
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,366

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,0204$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 3065 Hushed Sonnet Avenue Henderson, NV 3
    • 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.93
    •  
  • 3115 Paladi Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2015
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 3053 Camino Rico Henderson, NV 2
    • 3 beds 3 baths ∙ 2,351 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,351 Sqft ∙ Built 2013
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 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
    •  
  • 2388 Via Alicante Henderson, NV 5
    • 3 beds 4 baths ∙ 2,365 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,365 Sqft ∙ Built 2013
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Robert F Hughes
1.702.481.9445
Weichert Realtors-millennium
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249440
Last Updated: 11/26/2020
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