Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3633 Silver Brook Street Las Vegas, NV 89129

5 Beds 2 Baths 3,007 sqft Built 1997

$459,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $152.94
  • 6 Days on Market
  • MLS # : 2273341
  • Updated Date : 03/01/2021 at 21:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,007 sqft
  • Baths : 2 full
Listing Agent

Resolution Realty

Listing Agent's Description

*GORGEOUS 5 BEDROOM HOME FEATURES REFRESHING POOL/SPA W/WATERFALL,FULLY LANDSCAPED FRONT/BACK & TONS OF ROOM! SOARING CEILNGS UPON ENTRY INTO FORMAL LIVING ROOM W/COZY FIREPLACE*SEP. & SPACIOUS FORMAL DINING ROOM*KITCHEN HAS ISLAND/GRANITE COUTNERS/BEAUTIFUL CABINETS W/GLASS FRONT*STEP DOWN INTO SPACIOUS FAMILY ROOM W/ ANOTHER FIREPLACE*SUPER CONVENIENT DOWNSTAIRS BEDROOM & BATHROOM W/SHOWER*SPACIOUS 3 CAR GARAGE FOR YOUR CARS/TOYS*OVERIZED LOFT UPSTAIRS COULD BE MOVIE ROOM/GREAT ROOM*DOUBLE DOOR ENTRY INTO ROOMY PRIMARY BEDROOM W/WALK-IN CLOSET*PRIMARY BATHROOM HAS DBL. VANITIES/SEP. TUB & SHOWER/GLASS BLOCK*SECONDARY BEDROOMS UPSTRS ARE SPACIOUS*CEILING FANS/BLINDS/SHUTTERS/POTTING SHELVES THROUGHOUT*BACKYARD IS PARADISE! INGROUND POOL/SPA, PLENTY OF ROOM FOR ENTERTAINING WITH PATIO & BBQ STUB OUT ON PATIO*NOT ALL WINDOWS HAVE SOLAR SCREENS & MISSING COVERS WILL NOT BE REPLACED*HOA FEE IS LOW AND IS LANDSCAPE MAINTENANCE FOR THE COMMON AREAS*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: El Capitan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k408k

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

Neighborhood: El Capitan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761942

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,597
Property Tax -$329
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$319

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.

$459,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$60,502

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,436

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3953$2,4004$2,4505$2,799
$2,799
RENT COMPS ANALYSIS
  • 3633 Silver Brook Street Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,007 Sqft ∙ Built 1997 5 beds 2 baths ∙ 3,007 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
  • 8517 Gilmore Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,007 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,007 Sqft ∙ Built 1998
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.78
    •  
  • 8500 Copper Mountain Avenue Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,007 Sqft ∙ Built 1997 5 beds 2 baths ∙ 3,007 Sqft ∙ Built 1997
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.80
    •  
  • 3925 Larkcrest Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,215 Sqft ∙ Built 1999 4 beds 2 baths ∙ 3,215 Sqft ∙ Built 1999
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
  • 8633 Copper Mine Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 3,083 Sqft ∙ Built 1997 4 beds 2 baths ∙ 3,083 Sqft ∙ Built 1997
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,799
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ehren Alessi
1.702.800.5054
Resolution Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273341
Last Updated: 03/01/2021
BESbswy