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56 Fountainhead Circle Henderson, NV 89052

3 Beds 3 Baths 2,513 sqft Built 2000

$775,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $308.40
  • 7 Days on Market
  • MLS # : 2243174
  • Updated Date : 11/02/2020 at 14:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,513 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

***Completely Remodeled Modern Contemporary Gem!!!***Nestled in prestigious Guard Gated Anthem Country Club!***Highly upgraded with Architectural designed aesthetic features that make it elegant, yet feel like home! 3 Bedrooms including Casita! 3 Full baths. Gated stone faced courtyard. Open concept with dramatic entry & high ceilings. Chefs kitchen with extended waterfall island, granite counters, solid Thomasville Cherry wood cabs and stainless steel appliances .Upgraded tile floors throughout. Great Room has a built in media center, surround sound and a cozy fireplace. Master bedroom is separate and has real hardwood floors. Master bathroom has upgraded designer fixtures, large shower, garden tub and a custom walk in closet with built-ins. Casita is separate and has its own en-suite bath, heating and A/C unit. Relaxing and refreshing backyard is perfect for entertaining and offers a resort style saltwater pool/spa. You don't want to miss out on this one of a kind amazing property!!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,859
Property Tax -$452
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$706

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.

$775,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.36%

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$25k

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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,859

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$8,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,412

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,3003$2,5504$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 56 Fountainhead Circle Henderson, NV 4
    • 3 beds 3 baths ∙ 2,513 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,513 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.11
    •  
  • 2384 Rainswept Henderson, NV 1
    • 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
    •  
  • 2544 Downeyville Avenue Henderson, NV 2
    • 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2000
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 62 Fountainhead Circle Henderson, NV 3
    • 3 beds 3 baths ∙ 2,513 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,513 Sqft ∙ Built 2000
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.01
    •  
  • 15 Feather Sound Drive Henderson, NV 5
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2001
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.06
    •  
PROPERTY LISTING DETAILS
Lauren Woollard
1.702.510.7172
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243174
Last Updated: 11/02/2020
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