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2904 Branch Creek Court Las Vegas, NV 89135

3 Beds 4 Baths 2,541 sqft Built 1999

$598,888

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $235.69
  • 7 Days on Market
  • MLS # : 2250294
  • Updated Date : 11/28/2020 at 12:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,541 sqft
  • Baths : 3 full , 1 half
Listing Agent

Usa Real Estate & Property Man

Listing Agent's Description

Summerlin South, Highly upgraded and completely remodeled house and backyard. Master and master bath is downstairs with door going outside to Cabana like Spa area. Master has walk-in closet and fireplace. Family room is very open around kitchen with vaulted ceilings and ceiling fans in every room even garage. 2 bedrooms and 2 baths upstairs. 1 bedroom upstairs has its own bath and walk in closets. Backyard is set up for privacy and entertaining with BBQ, FRIG, TV, FIREPLACE All doors have security gates.

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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: The Willows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k395k

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

Neighborhood: The Willows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762007

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Palo Verde High School High Regular 3,024 114 9

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Palo Verde High School

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

$538,999$658,777$598,888

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$2,210
Property Tax -$274
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$729

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.

$598,888

PROJECTED PRICE

$1,950

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,455

INVESTMENT

$164,455

Down Payment
$149,722
Rehab Estimate
$5,750
Closing Costs
$8,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,722
Loan Amount $449,166
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,988

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,940
1$1,9402$1,9503$1,9654$1,9905$1,995
$1,995
RENT COMPS ANALYSIS
  • 2904 Branch Creek Court Las Vegas, NV 2
    • 3 beds 4 baths ∙ 2,541 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,541 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 2923 Thicket Willow Street Las Vegas, NV 1
    • 3 beds 4 baths ∙ 2,619 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,619 Sqft ∙ Built 1999
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.74
    •  
  • 2936 Falling Springs Circle #n/a Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,619 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,619 Sqft ∙ Built 1999
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.75
    •  
  • 10247 Splendor Ridge Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2000
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.82
    •  
  • 10341 Catclaw Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 1999
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
PROPERTY LISTING DETAILS
Donna L Bombard
1.702.281.3828
Usa Real Estate & Property Man
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250294
Last Updated: 11/28/2020
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