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PROPERTY INFO
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!!!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$211,125
LOAN DETAILS
$2,859
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $193,750 |
| Loan Amount | $581,250 |
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
-
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
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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
1.702.510.7172
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2243174
Last Updated: 11/02/2020
