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3324 Brayton Mist Drive North Las Vegas, NV 89081

3 Beds 3 Baths 1,876 sqft Built 2004

INVESTimate

$279,900

List Price

$1,270

$1,143 - $1,397

Rent Est.

$309,933  ( +10.73%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $149.20
  • 9 Days on Market
  • MLS # : 2222848
  • Updated Date : 08/18/2020 at 10:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,876 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty 360

Listing Agent's Description

3 bedroom + loft home with 2 tone paint, carpet, landscaping, granite countertops etc...Highly improved and upgraded. Near V.A. hospital, new shopping and freeways. Backyard patio, desert landscaping, solar screens, blinds are included. Great mountain and city views from private lot and and no neighbors behind. A 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: Shadow Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k307k

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

Neighborhood: Shadow Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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 Tartan Elementary School Primary Regular 637 37 3
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

John Tartan Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 37
3
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$1,033
Property Tax -$226
Property Insurance -$64
HOA -$54
Property Management Fees -$119
CASH FLOW
-$225

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.73%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,235

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,374

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,3753$1,4504$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 3324 Brayton Mist Drive North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.68
    •  
  • 6253 Halstead Ct North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.73
    •  
  • 6219 Tazewell Court #none North Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2005
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.72
    •  
  • 3528 Terneza Avenue #0 North Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2006
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.74
    •  
  • 3119 Alder Grove Court #0 North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,012 Sqft ∙ Built 2005
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.74
    •  
PROPERTY LISTING DETAILS
Tom Buntic
1.702.353.5300
Realty 360
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222848
Last Updated: 08/18/2020
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