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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $225.34
- 7 Days on Market
- MLS # : 2264292
- Updated Date : 02/02/2021 at 01:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,997 sqft
- Baths : 2 full
Listing Agent
Re/max Advantage
Listing Agent's Description
Scintillating Sun City Mac Ranch home - 1st time on the resale market! Ideal cul-de-sac location on a 1/4 acre EZ car lot. Expansive plan offers 2 bedrooms PLUS den, formal rooms and a wide open kitchen / family room. Appreciate the tile floors in all the traffic areas. Be enlightened by the sky lights in the bath. Love the super sized primary bedroom with bay window setting and accompanying ensuite with double sinks and separate tub / shower plus walk-in. Its awesome! Outdoor living? Enjoy the privacy of this big ol' yard. Its ready for new ideas. Sun City Mac Ranch is a 55+ community - clubhouse activities, dining, a fantastically fun golf course, swimming and much more. Only a 1.5 miles to the District and Green Valley Ranch public amenities.
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Sun City MacDonald Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City MacDonald Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$238 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$14
|
||
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.
$450,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.0% |
| 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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
6.17
YEARS SAVED
$31,834
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,022
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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493 Lace Haven Court Henderson, NV 5
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- $2,000
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1853 Eagle Mesa Avenue Henderson, NV 1
- 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2000
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,545
- $0.92
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1800 Eagle Mesa Avenue Henderson, NV 2
- 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2001
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.05
-
2045 High Mesa Drive Henderson, NV 3
- 2 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,818 Sqft ∙ Built 1997
LEASED 10/04/19- Rent
- Rent Per SQFT
- $1,800
- $0.99
-
2074 High Mesa Drive Henderson, NV 4
- 2 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,999
- $1.09
PROPERTY LISTING DETAILS
1.702.896.5500
Re/max Advantage
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2264292
Last Updated: 02/02/2021
