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9 Knob Oak Drive Henderson, NV 89052

3 Beds 3 Baths 3,962 sqft Built 2001

$1,050,000

List Price

$4,330

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $265.02
  • 8 Days on Market
  • MLS # : 2242600
  • Updated Date : 10/28/2020 at 09:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,962 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

GET READY TO BE WOWED! EXECUTIVE STYLE SINGLE STORY HOME OVERLOOKING GOLF COURSE FAIRWAY #3 AND MOUNTAIN VIEWS TOO * LOCATED IN PRESTIGIOUS GUARD GATE ANTHEM COUNTRY CLUB * AMAZING OVERSIZED MASTER SUITE SEPARATE FROM OTHER ROOMS WITH SITTING AREA, SUMPTUOUS MASTER BATH AND OVERSIZED CLOSET * SUPER FUN JETTED SPA WITH WATER FALL JUST STEPS FROM THE MASTER SUITE SLIDING DOOR * FABULOUS ENTERTAINING SPACE IN THIS HIGHLY SOUGHT AFTER ARIA FLOORPLAN * 4 CAR GARAGE * WET BAR * 2 COVERED PATIOS * BUILT IN BBQ * FIRE PIT * OPEN FLOORPLAN WITH FAMILY ROOM AND KITCHEN WITH CENTER ISLAND AND LOTS OF WINDOWS FOR A LIGHT AND BRIGHT HOME AND VIEWS GALORE * IMPRESSIVE FORMAL ROOMS AT ENTRY * 2 BEDROOM GUEST QUARTERS WITH ADJACENT GAME ROOM TUCKED AWAY IN ITS OWN WING - PERFECT FOR OUT OF TOWN GUESTS * LONG DRIVEWAY * 12' CEILINGS * NEWER AC UNITS * .3 ACRE LOT *

SEE MORE

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
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,897$4,763$4,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,330
EXPENSES Loan Payment -$3,874
Property Tax -$792
Property Insurance -$104
Property Management Fees -$119
CASH FLOW
-$559

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.

$1,050,000

PROJECTED PRICE

$4,330

PROJECTED RENT

0.41%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$33,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,330

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $3,447

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,2003$3,5004$3,6505$4,330
$4,330
RENT COMPS ANALYSIS
  • 9 Knob Oak Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 3,962 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,962 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $4,330
    • $1.09
    •  
  • 4 Oro Valley Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 3,848 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,848 Sqft ∙ Built 2003
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.74
    •  
  • 2556 Bechamel Place Henderson, NV 2
    • 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,800 Sqft ∙ Built 2006
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.84
    •  
  • 23 Plum Hollow Drive Henderson, NV 3
    • 4 beds 3 baths ∙ 3,693 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,693 Sqft ∙ Built 2000
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.95
    •  
  • 38 Stonemark Drive Henderson, NV 4
    • 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,848 Sqft ∙ Built 2003
    LEASED 11/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.95
    •  
PROPERTY LISTING DETAILS
Rita De Simone
1.702.326.3450
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242600
Last Updated: 10/28/2020
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