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2369 Weaverville Drive Henderson, NV 89044

2 Beds 1 Baths 1,610 sqft Built 2007

$389,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $241.61
  • 2 Days on Market
  • MLS # : 2248286
  • Updated Date : 11/14/2020 at 18:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,610 sqft
  • Baths : 1 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Popular Virginia model in Desert Sky Village. 1610 SF of very functional floor plan offers 2 bedrooms plus study and an attractive extended covered patio for entertaining. Open floor plan with granite kitchen counter, beautiful crown molding, shutters and designer color palette. Property has fully fenced backyard, beautifully landscaped to offer large sitting and dining area, with rolling screens for privacy and shade. On route to property, you will drive by the Liberty Recreation Center that is just 2 block away. The walking trail is just another 2 block up the street towards the Anthem Hills and Black Mountain. Well designed front yard has great curb appeal. There are security doors in the front entry as well as in the backdoor from master bedroom to the covered patio. Come live the good life, and enjoy the amenities that Sun City Anthem has to offer; three recreation centers, trails, special interest clubs, golf courses and tennis and pickle ball courts.

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: 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
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,435
Property Tax -$232
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$315

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.

$389,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.39%

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

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$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,821

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,5504$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 2369 Weaverville Drive Henderson, NV 2
    • 2 beds 1 baths ∙ 1,610 Sqft ∙ Built 2007 2 beds 1 baths ∙ 1,610 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.95
    •  
  • 2135 Lewiston Place #n/a Henderson, NV 1
    • 2 beds 1 baths ∙ 1,496 Sqft ∙ Built 2006 2 beds 1 baths ∙ 1,496 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.00
    •  
  • 2092 Sawtooth Mountain Drive Henderson, NV 3
    • 2 beds 1 baths ∙ 1,496 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,496 Sqft ∙ Built 2005
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 2266 Jada Drive Henderson, NV 4
    • 2 beds 1 baths ∙ 1,596 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,596 Sqft ∙ Built 2005
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 2140 Sawtooth Mountain Drive Henderson, NV 5
    • 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,712 Sqft ∙ Built 2005
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
PROPERTY LISTING DETAILS
Laura Au-yeung
1.702.885.4904
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248286
Last Updated: 11/14/2020
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