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5 Woodshole Court Henderson, NV 89052

3 Beds 3 Baths 2,733 sqft Built 2000

$785,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $287.23
  • 4 Days on Market
  • MLS # : 2249358
  • Updated Date : 11/20/2020 at 22:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,733 sqft
  • Baths : 3 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

STUNNING & IMMACULATE 1 STORY CLASSY RHAPSODY W/CASITA. CHARMING ENTRY COURTYARD LEADING TO FRONT DOOR WITH SIDE LIGHT WINDOWS, OVAL ENTRY FOYER, TRAVERTINE FLRS, NEWLY REMODELED GRANITE ISLAND KITCHEN WHICH OPENS TO FAMILY RM WITH GAS FIREPLACE, PICTURE WINDOWS & SURROUND SPEAKERS, THIS KITCHEN IS STYLISH FROM EVERY ANGLE, NEW STAINLESS STEEL APPLIANCES, DOUBLE OVENS, NEW CABINETS, PENDANT LIGHTS & PLENTY OF STORAGE WITH ROLL OUTS, BUTLER'S PANTRY WITH UPPER GLASS DISPLAY CABINETS, THE KEY TO AMBIANCE IS THIS REMODELED PRIMARY BATH WITH SHOWER & FREE STANDING TUB, LINEN CABINETS, PRIMARY BEDRM HAS DBL DOOR ENTRY, 2 WALKIN CLOSETS, REMODELED 2ND BATH ALSO! TERRIFIC CURB APPEAL ON CUL DE SAC, GRASS/DESERT LANDSCAPE, ENJOY THIS SERENE SETTING-BACKS TO ARROYO. PUTTING GREEN, CASITA HAS DOUBLE GLASS FRENCH ENTRY DOORS, FULL BATH, ITS OWN HEAT/AC UNIT. EXTRAORDINARILY CARED FOR BY PARTICULAR OWNERS. COME FOR A VISIT - SEEING IS BELIEVING! SHORT WALK TO THE HOA NEIGHBORHOOD POOL!

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MARKET HIGHLIGHTS

  • 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: 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
 

$706,500$863,500$785,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,896
Property Tax -$439
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$825

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.

$785,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.35%

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

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$5,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,234

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,1004$2,5955$2,710
$2,710
RENT COMPS ANALYSIS
  • 5 Woodshole Court Henderson, NV 5
    • 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,733 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $0.99
    •  
  • 2258 Galindo Court Henderson, NV 1
    • 4 beds 4 baths ∙ 2,545 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,545 Sqft ∙ Built 2001
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 2384 Rainswept Henderson, NV 2
    • 4 beds 4 baths ∙ 2,545 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,545 Sqft ∙ Built 1999
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 1394 Adagietto Henderson, NV 3
    • 4 beds 4 baths ∙ 2,736 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,736 Sqft ∙ Built 2001
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 2268 Lyrical Road Henderson, NV 4
    • 3 beds 4 baths ∙ 2,829 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,829 Sqft ∙ Built 2002
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ellen Fahr
1.702.595.4881
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249358
Last Updated: 11/20/2020
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