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468 Sunrise Breeze Avenue Henderson, NV 89011

3 Beds 3 Baths 2,872 sqft Built 2017

$575,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $200.21
  • 5 Days on Market
  • MLS # : 2270743
  • Updated Date : 02/18/2021 at 10:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,872 sqft
  • Baths : 3 full
Listing Agent

Wynn Realty Group

Listing Agent's Description

Gorgeous single story in Heritage 55+ guard-gated community in Cadence! This home has it all... Great room living with open and airy floor plan! Hard-to-find casita, guest house, separate guest quarts, or second master with attached garage! Casita has a private entry, living room, kitchenette, bedroom, full bathroom, and its own laundry room! Dream Kitchen has custom cabinets, stainless steel appliances, pantry, pendant lighting over the large Quartz breakfast bar island, with stainless steel under-mount sink and upgraded faucet! Beautiful neutral tile throughout all living and wet areas, only carpet in bedrooms. Three-panel slider opens to back covered patio with cozy fireplace! Designer 2-tone paint throughout. Three bedrooms with three full bathrooms, plus a den! The owner's suite has two sinks, plus make-up vanity, a large shower, walk-in closet! There is also a French door that leads out to the covered patio. Completely finished low-maintenance yard with pavers and turf.

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: Heritage at Cadence

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Heritage at Cadence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
C.t. Sewell Elementary School Primary Regular 833 41 8
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

C.t. Sewell Elementary School

  • Education Level: Primary
  • # of students: 833
  • # of teachers: 41
8
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,997
Property Tax -$406
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
-$235

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.

$575,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$18,182

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,549

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,370
1$2,3702$2,3953$2,4004$2,4655$2,600
$2,600
RENT COMPS ANALYSIS
  • 468 Sunrise Breeze Avenue Henderson, NV 1
    • 3 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,872 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.83
    •  
  • 964 Via Vannucci Way Henderson, NV 2
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2008
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.89
    •  
  • 1016 Olivia Henderson, NV 3
    • 3 beds 2 baths ∙ 2,674 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,674 Sqft ∙ Built 2008
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.90
    •  
  • 322 Via Del Salvatore Henderson, NV 4
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2018
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,465
    • $0.91
    •  
  • 208 Via Mezza Luna Court Henderson, NV 5
    • 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,042 Sqft ∙ Built 2007
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
PROPERTY LISTING DETAILS
Michelle D Stiles
1.702.250.7224
Wynn Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270743
Last Updated: 02/18/2021
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