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11212 Hudson Brook Street Las Vegas, NV 89183

3 Beds 3 Baths 2,722 sqft Built 2007

$700,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $257.16
  • 3 Days on Market
  • MLS # : 2279972
  • Updated Date : 03/19/2021 at 17:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,722 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

LOCATION LOCATION LOCATION! This remarkable single story home has everything you've been looking for! Just minutes away from the I-15 freeway, Raiders/Allegiant Stadium, Raiders practice facility, plus all the shopping & restaurants you could need! Situated on over 1/3 acre corner lot within the highly desirable Glenbrook Estates gated community. This aggressively sought after DR Horton open floor plan offers 3 large bedrooms, 2.5 bathrooms, a separate formal dining space, Large open kitchen with stainless steel appliances, massive island with granite countertops, an enclosed sunroom off the living area, gorgeous outdoor living space with solar heated Swimming Pool/Spa combo, Palapa with 2 TVs for the ultimate entertaining and relaxation plus a 3rd TV for viewing from the pool and spa, 3 Car Garage complete with built in storage cabinets, PLUS 50' RV Parking with full hook ups (50AMP Power and Sewer Drop), plus gated dog run. Home complete with 8 camera security system & SO MUCH MORE

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
John C. Bass Elementary School Primary Regular 885 46 6
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Liberty High School High Regular 2,496 105 5

John C. Bass Elementary School

  • Education Level: Primary
  • # of students: 885
  • # of teachers: 46
6
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$2,431
Property Tax -$439
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$859

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.

$700,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,905

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9954$2,1005$2,210
$2,210
RENT COMPS ANALYSIS
  • 11212 Hudson Brook Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,722 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,722 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.81
    •  
  • 11792 San Rossore Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2002
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.67
    •  
  • 11610 Sweet Nokia Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2005
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 11744 San Rossore Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2002
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 10782 Villa Carlotta Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 2007
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.73
    •  
PROPERTY LISTING DETAILS
Christina K Chipman
1.702.604.4067
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279972
Last Updated: 03/19/2021
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