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10120 Crest Brook Place Las Vegas, NV 89134

4 Beds 2 Baths 2,339 sqft Built 1996

INVESTimate

$429,900

List Price

$2,050

$1,845 - $2,255

Rent Est.

$462,486  ( +7.58%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $183.80
  • 6 Days on Market
  • MLS # : 2223830
  • Updated Date : 08/21/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,339 sqft
  • Baths : 2 full
Listing Agent

Xpand Realty & Property Manage

Listing Agent's Description

Sparkling Pool READY for Summer! Great 4 bed Summerlin home with pool, spa and 3 car garage! Highly upgraded! Including: newer carpet/tile flooring, fireplace, granite counters w/ island, laundry room w/ sink, ceiling fans, new thermostat, cool deck, and low maintenance landscaping. All appliances included. Near shopping, casino, restaurants, hospital, freeway, etc.

SEE MORE

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: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k408k

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

Neighborhood: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761992

* 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
Ethel W. Staton Elementary School Primary Regular 880 45 9
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Ethel W. Staton Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 45
9
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,586
Property Tax -$301
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$29

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.

$429,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.58%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$31,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,029

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0003$2,0504$2,1955$2,195
$2,195
RENT COMPS ANALYSIS
  • 10120 Crest Brook Place Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,339 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,339 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.88
    •  
  • 10228 Abano Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,276 Sqft ∙ Built 1999
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.83
    •  
  • 1812 Spring Summit Lane Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,339 Sqft ∙ Built 1996
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 1900 Summer Palm Place #101 Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,475 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,475 Sqft ∙ Built 1996
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
  • 1912 Summer Pine Court #101 Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,475 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,475 Sqft ∙ Built 1996
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.89
    •  
PROPERTY LISTING DETAILS
Randy K Hatada
1.702.289.1669
Xpand Realty & Property Manage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223830
Last Updated: 08/21/2020
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