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5 Old Marsh Court Henderson, NV 89052

4 Beds 5 Baths 4,025 sqft Built 2004

$1,200,000

List Price

$4,500

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $298.14
  • 14 Days on Market
  • MLS # : 2263876
  • Updated Date : 02/06/2021 at 00:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,025 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

SOUGHT-AFTER PEMBROKE MODEL WITH LUXURIOUS ZEN-LIKE GARDEN. LOCATED IN THE HIGHLY DESIRED GUARD-GATED GOLF COMMUNITY OF ANTHEM COUNTRY CLUB. FEATURES INCLUDE A SPACIOUS OPEN FLOOR PLAN, WET BAR, CUSTOM WINE ROOM, FORMAL DINING, SPECTACULAR OVERSIZED WINDOWS, COZY FIREPLACE, CUSTOM BUILT-INS, PLANTATION SHUTTERS AND CUSTOM LIGHTING FOR ARTWORK. GOURMET KITCHEN COMES FULLY EQUIPPED W/VIKING RANGE, MONOGRAM APPLIANCES, BUILT-IN REFRIGERATOR, DOUBLE OVENS, WARMING DRAWER AND HUGE WALK-IN PANTRY. PROFESSIONALLY DESIGNED YARD FEATURES CUSTOM YARD SCULPTURES & ARTWORK, BUILT-IN BBQ, UPGRADED LIGHTING, AND MULTIPLE FOUNTAINS. OVERSIZED 3 CAR GARAGE PERFECT FOR A GOLF CART OR EXTRA STORAGE.

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MARKET HIGHLIGHTS

  • 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: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k608k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802696

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$4,050$4,950$4,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,500
EXPENSES Loan Payment -$4,168
Property Tax -$743
Property Insurance -$105
Property Management Fees -$119
CASH FLOW
-$635

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.

$1,200,000

PROJECTED PRICE

$4,500

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 4.7%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,168

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$30,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,500

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $3,713

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,3503$3,8504$3,8955$4,500
$4,500
RENT COMPS ANALYSIS
  • 5 Old Marsh Court Henderson, NV 5
    • 4 beds 5 baths ∙ 4,025 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,025 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
  • 2892 Carmelo Drive Henderson, NV 1
    • 4 beds 4 baths ∙ 3,709 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,709 Sqft ∙ Built 2000
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.86
    •  
  • 15 Stonemark Drive Henderson, NV 2
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.87
    •  
  • 2940 Carmelo Drive #0 Henderson, NV 3
    • 5 beds 5 baths ∙ 4,045 Sqft ∙ Built 2000 5 beds 5 baths ∙ 4,045 Sqft ∙ Built 2000
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.95
    •  
  • 7 Contra Costa Place Henderson, NV 4
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Alex Grodzinsky
1.702.445.3706
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263876
Last Updated: 02/06/2021
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