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2306 Fayetteville Avenue Henderson, NV 89052

3 Beds 4 Baths 2,638 sqft Built 2004

$849,900

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $322.18
  • 3 Days on Market
  • MLS # : 2265787
  • Updated Date : 02/06/2021 at 04:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,638 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Perched high in the Black Mountains, this is one of the most desirable elevated view lots within the gated Pinnacle Village at Sun City Anthem. The picturesque view of the city lights and surrounding mountains is prominent throughout the interior and exterior of this property. Sunsets are magical from this vantage point. Highly upgraded one owner Saratoga model with casita is very well appointed. Resort style backyard highlighted by a saltwater pool, spa, covered patio, raised seating area, and sweeping views. Kitchen treated to top quality cabinetry, contrasting island, pull out shelves, granite counters, and a Blanco granite sink. Great room features wet bar, media niche, patio access, and large windows framing the views. Primary bedroom offers a spa inspired bathroom, custom closet, and patio access. Upgrades include hardwood floors, plantation shutters, ceiling fans, plus much more. Convenience items consist of owned solar panels, Ring doorbell, alarm, and water treatment systems.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sun City Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k397k

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

Neighborhood: Sun City Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802028

* 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
 

$764,910$934,890$849,900

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$2,952
Property Tax -$495
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
-$204

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.

$849,900

PROJECTED PRICE

$3,440

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.1%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,974

INVESTMENT

$230,974

Down Payment
$212,475
Rehab Estimate
$5,750
Closing Costs
$12,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,475
Loan Amount $637,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$39,386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,440

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,757

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7003$2,8504$3,0005$3,440
$3,440
RENT COMPS ANALYSIS
  • 2306 Fayetteville Avenue Henderson, NV 5
    • 3 beds 4 baths ∙ 2,638 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,638 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $1.30
    •  
  • 7 Douglas Grove Road Henderson, NV 1
    • 3 beds 3 baths ∙ 2,614 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,614 Sqft ∙ Built 2004
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 2664 Riceville Drive Henderson, NV 2
    • 3 beds 3 baths ∙ 2,769 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,769 Sqft ∙ Built 2001
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.98
    •  
  • 15 Feather Sound Drive Henderson, NV 3
    • 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
    •  
  • 31 Stonemark Drive Henderson, NV 4
    • 3 beds 4 baths ∙ 2,614 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,614 Sqft ∙ Built 2003
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.15
    •  
PROPERTY LISTING DETAILS
Leslie S Carver
1.702.436.3615
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265787
Last Updated: 02/06/2021
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