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2136 Brighton Shore Street Las Vegas, NV 89128

3 Beds 3 Baths 1,773 sqft Built 1990

$369,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $208.63
  • 4 Days on Market
  • MLS # : 2255242
  • Updated Date : 12/12/2020 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,773 sqft
  • Baths : 2 full , 1 half
Listing Agent

American Guardian Realty

Listing Agent's Description

Desert Shores Gem!! You don't want to miss this one. Great curb appeal. Granite in Kitchen,Stainless Steel Appliances. French Doors, Vaulted Ceilings,Plantation Shutters throughout,Large Master with Double sinks, Separate Tub & Shower,Tile downstairs, Manufactured Wood floors in guest rooms,Large Laundry Room,Two car garage,Large Patio in Rear Yard - Close to Parks, shopping and schools! - more photos coming soon come back to this one or set an appointment with the listing agent.

SEE MORE

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: South Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k384k

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

Neighborhood: South Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10762136

* 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
Richard H Bryan Elementary School Primary Regular 617 32 8
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Richard H Bryan Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 32
8
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,365
Property Tax -$210
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$75

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.

$369,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$23,118

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,671

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6803$1,6904$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 2136 Brighton Shore Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.95
    •  
  • 8305 Hollow Wharf Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1990
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 8224 Bermuda Beach Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,773 Sqft ∙ Built 1990
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.95
    •  
  • 8004 Hilliard Ave Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1993
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 7845 Turtle Cove Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1990
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kamran M Khosravi
1.702.715.5333
American Guardian Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255242
Last Updated: 12/12/2020
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