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5034 Brownwood Avenue Las Vegas, NV 89122

4 Beds 2 Baths 1,390 sqft Built 1979

$269,500

List Price

$1,230

$1.1K - $1.4K

Rent Est.

$77,168

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $193.88
  • 2 Days on Market
  • MLS # : 2271261
  • Updated Date : 02/20/2021 at 21:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,390 sqft
  • Baths : 2 full
Listing Agent

United Realty Group

Listing Agent's Description

Very nice house 4 bedrooms 2 full bath , with beautiful front and back yard . Ready to move in . Very clean .

SEE MORE

MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Whitney

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $75k296k

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

Neighborhood: Whitney

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9301603

* 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
H A Harmon Elementary School Primary Regular 770 48 3
Francis Cortney Middle School Middle Regular 1,235 52 NA
Del Sol High School High Regular 2,051 73 2

H A Harmon Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
3
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

FINANCIALS

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$242,550$296,450$269,500

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$936
Property Tax -$103
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
$18

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.

$269,500

PROJECTED PRICE

$1,230

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.6%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,168

INVESTMENT

$77,168

Down Payment		 $67,375
Rehab Estimate		 $5,750
Closing Costs		 $4,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$936

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,375
Loan Amount $202,125
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$17,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT

  • $0.88

    LIST RENT PER SQFT

  • $1,199

    COMP ESTIMATED VALUE

  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1953$1,2304$1,2505$1,325
$1,325
RENT COMPS ANALYSIS
  • 5034 Brownwood Avenue Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,390 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,390 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.88
    •  
  • 5038 Marin Street #3 Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
  • 4963 Saratoga Circle Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1971
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.79
    •  
  • 5284 Wellesley Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1979
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.87
    •  
  • 5265 Saratoga Drive Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,515 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,515 Sqft ∙ Built 1971
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.87
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Asalia Mcinerney
1.702.427.1589
United Realty Group
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271261
Last Updated: 02/20/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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