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12745 Fairfield Avenue Las Vegas, NV 89044

3 Beds 2 Baths 2,184 sqft Built 1991

$855,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $391.48
  • 18 Days on Market
  • MLS # : 2258068
  • Updated Date : 01/16/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,184 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Hard to find over 1 ACRE lot, SPECTACULAR strip and mountain views. Perfect location to BUILD YOUR DREAM HOME while living in the existing home. Close to M Resort, Raiders stadium, and Raiders HQ/practice facility. Easy access to the strip, I-15, McCarran Airport, Green Valley Ranch. Two bedrooms, bath, family room and laundry room downstairs. Living room, kitchen, and primary bedroom upstairs. Separate entrances for upstairs and downstairs. Extra large driveway and carport. Huge patio above the garage, great for entertaining. Private well and septic. No HOA, SID or LID. Zoned RE (Residential Estates). All furniture and appliances in the upstairs included.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: West Henderson

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k546k

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

Neighborhood: West Henderson

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10762664

* 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
Robert And Sandy Ellis Elementary School Primary Unknown NA
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Robert And Sandy Ellis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Del E Webb Middle School

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

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$769,500$940,500$855,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$2,970
Property Tax -$358
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$1,426

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.

$855,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$232,325

INVESTMENT

$232,325

Down Payment
$213,750
Rehab Estimate
$5,750
Closing Costs
$12,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,970

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $213,750
Loan Amount $641,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$78

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,6504$1,7505$2,090
$2,090
RENT COMPS ANALYSIS
  • 12745 Fairfield Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.96
    •  
  • 11888 Magliana Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.78
    •  
  • 11885 Bella Luna Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,993 Sqft ∙ Built 2003
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 11882 Principi Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,297 Sqft ∙ Built 2003
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 11858 Principi Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2003
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
PROPERTY LISTING DETAILS
Michael W Cochran
1.310.387.5337
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258068
Last Updated: 01/16/2021
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