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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $215.67
- 2 Days on Market
- MLS # : 2258746
- Updated Date : 01/02/2021 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,170 sqft
- Baths : 2 full
Listing Agent
Keller Williams Southern Nevada
Listing Agent's Description
Inspirada Stunner! Located in the heart of the Inspirada. This turn-key single story three bedroom/den home has it all. Upgraded high-end laminate flooring throughout all the main living areas. Entertaining massive quartz top island with stainless steel appliances. Large adjacent pantry for any size family. Beautiful custom white shutters in main areas and master bedroom. Built-in surround sound in the great room. Separate and spacious master suite with his and hers sinks, walk-in closet and super shower. Front den with door - perfect or home office. And additional bedrooms located at the other wing of the home. Custom and complete backyard landscaping with waterfall, covered patio and extended pavers. Community features amenities like tennis, swimming and large fields just a short walk from this home. Convenient to St. Rose Parkway, the Las Vegas Raiders Performance Center and the newest Costco in the Las Vegas Valley, the location is perfect for your everyday needs.
SEE MORE
- 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)
- 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)
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 | $2,010 |
| EXPENSES | Loan Payment | -$1,727 |
| Property Tax | -$311 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$216
|
||
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.
$468,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.43%
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
$129,770
LOAN DETAILS
$1,727
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,000 |
| Loan Amount | $351,000 |
3.67
YEARS SAVED
$18,289
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,980
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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3111 Paladi Avenue Henderson, NV 1
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- $1,790
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LEASED 05/21/20- Rent
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- $1,900
- $0.93
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3053 Camino Rico Henderson, NV 3
- 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
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2388 Via Alicante Henderson, NV 5
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LEASED 05/14/20- Rent
- Rent Per SQFT
- $2,350
- $0.99
PROPERTY LISTING DETAILS
1.702.858.9491
Keller Williams Southern Nevada
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258746
Last Updated: 01/02/2021
