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2352 Schaeffer Hills Drive Henderson, NV 89052

2 Beds 1 Baths 1,524 sqft Built 2002

$389,500

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $255.58
  • 6 Days on Market
  • MLS # : 2251660
  • Updated Date : 12/01/2020 at 21:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,524 sqft
  • Baths : 1 full
Listing Agent

Life Realty District

Listing Agent's Description

LOCATION! This Home Sits On One of the Most Desired Lots in the Neighborhood w/ Gorgeous Mountain Views! This Estate Boasts a Great Open Layout & a Centrally Located Kitchen, Open to the Living Room, Making This Home Ideal for Entertaining & Cozy Living Alike! The Picturesque Views from Inside Show Like Masterful Art Pieces. If Fresh Air is What You Crave, then Simply Make Your Way to the Best Part of the Estate, Your Back Yard! Relax Under Your Covered Patio Next to Your Waterfall & Fountain & Gaze Upon Your Gorgeous Mountain Views While You Sit Fire-Side & Let Your Worries Drift Away! If You're Feeling Social, Head to Your Community Center. Sun City Anthem is Home to One of the Most Highly Desired Community Centers in the U.S. & Offers Residents Everything from Stunning Indoor & Outdoor Pools/Spas, Fitness Centers, Tennis Courts, Bocce Ball Courts, Card Game & Poker Tables, Billiards, a Library, Dining and Much Much More! This Home is Truly One of a Kind & a Must See! Welcome Home!!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Shirley And Bill Wallin Elementary School Primary Regular 1,067 51 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Shirley And Bill Wallin Elementary School

  • Education Level: Primary
  • # of students: 1,067
  • # of teachers: 51
10
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
 

$350,550$428,450$389,500

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,437
Property Tax -$241
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$254

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.

$389,500

PROJECTED PRICE

$1,600

PROJECTED RENT

0.41%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,968

INVESTMENT

$108,968

Down Payment
$97,375
Rehab Estimate
$5,750
Closing Costs
$5,843

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,437

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,375
Loan Amount $292,125
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$10,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6253$1,6954$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 2352 Schaeffer Hills Drive Henderson, NV 1
    • 2 beds 1 baths ∙ 1,524 Sqft ∙ Built 2002 2 beds 1 baths ∙ 1,524 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 2318 Sand Lily Street Henderson, NV 2
    • 2 beds 2 baths ∙ 1,496 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,496 Sqft ∙ Built 2004
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.09
    •  
  • 2923 Maffie Street Henderson, NV 3
    • 2 beds 1 baths ∙ 1,585 Sqft ∙ Built 2002 2 beds 1 baths ∙ 1,585 Sqft ∙ Built 2002
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.07
    •  
  • 2823 Foxtail Creek Avenue Henderson, NV 4
    • 2 beds 2 baths ∙ 1,712 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,712 Sqft ∙ Built 2004
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 2779 Foxtail Creek Avenue Henderson, NV 5
    • 2 beds 2 baths ∙ 1,715 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,715 Sqft ∙ Built 2004
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.05
    •  
PROPERTY LISTING DETAILS
Salvatore D Martines
1.702.353.4119
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251660
Last Updated: 12/01/2020
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