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2373 Fayetteville Avenue Henderson, NV 89052

2 Beds 2 Baths 3,172 sqft Built 2004

$665,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $209.65
  • 2 Days on Market
  • MLS # : 2244240
  • Updated Date : 11/02/2020 at 18:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 3,172 sqft
  • Baths : 1 full , 1 half
Listing Agent

Compass Realty & Management, L

Listing Agent's Description

ABSOLUTELY GORGEOUS CHARLESTON MODEL IN GATED COMMUNITY OF SUN CITY ANTHEM. Three car garage, beautiful backyard with covered patio. Wide Plantation Shutters throughout house. Bamboo flooring. Mirrored closet doors. Fireplace. Cabinets have roll-out drawers. Large kitchen with granite countertops, island, separate dining area. Amazing family room with separate bar area. Nice size den area. Bedrooms are separate. Master has retreat area. Jetted tub. Beautiful front Courtyard. Must See!!!

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: 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
 

$598,500$731,500$665,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$2,454
Property Tax -$393
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$385

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.

$665,000

PROJECTED PRICE

$2,670

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$181,975

INVESTMENT

$181,975

Down Payment
$166,250
Rehab Estimate
$5,750
Closing Costs
$9,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,454

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $166,250
Loan Amount $498,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$20,276

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,696

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,6704$2,985
$2,985
RENT COMPS ANALYSIS
  • 2373 Fayetteville Avenue Henderson, NV 3
    • 2 beds 2 baths ∙ 3,172 Sqft ∙ Built 2004 2 beds 2 baths ∙ 3,172 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.84
    •  
  • 2181 Pont Alma Court Henderson, NV 1
    • 2 beds 3 baths ∙ 2,846 Sqft ∙ Built 2007 2 beds 3 baths ∙ 2,846 Sqft ∙ Built 2007
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
  • 2334 Sandstone Cliffs Drive Henderson, NV 2
    • 2 beds 3 baths ∙ 3,172 Sqft ∙ Built 2005 2 beds 3 baths ∙ 3,172 Sqft ∙ Built 2005
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.79
    •  
  • 2564 Forest City Henderson, NV 4
    • 2 beds 3 baths ∙ 3,318 Sqft ∙ Built 2002 2 beds 3 baths ∙ 3,318 Sqft ∙ Built 2002
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,985
    • $0.90
    •  
PROPERTY LISTING DETAILS
Carole Aronin
1.702.321.4775
Compass Realty & Management, L
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244240
Last Updated: 11/02/2020
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