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5342 Holbrook Drive Las Vegas, NV 89103

4 Beds 3 Baths 2,150 sqft Built 1980

INVESTimate

$340,000

List Price

$1,830

$1,647 - $2,013

Rent Est.

$371,722  ( +9.33%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $158.14
  • 5 Days on Market
  • MLS # : 2223898
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,150 sqft
  • Baths : 2 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

WHOA NELLY SUPER RARE FIND HOME WITH RV PARKING AND POOL IN FHA RANGE 340k! YES THIS IS TRUE ITS NOT A TYPO OR PHONY INTERNET HOME FOR CLICK BAIT! HARD TO BELIEVE! Beautiful courtyard entry leads you to nice open floor plan with formal areas, chef like kitchen that overlooks the entertainment room. Take a stroll out back and create your own mini oasis with sparkling pool and patio. The master can be your own mini penthouse with spa like master bathroom. Large secondary bedrooms. A CALIFORNIA EXODUS FAVORITE DONT DELAY CLICK TODAY!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $84k317k

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

Neighborhood: Valley West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651625

* 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
C.h. Decker Elementary School Primary Regular 698 36 3
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Ed W. Clark High School High Magnet 3,066 129 7

C.h. Decker Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 36
3
GreatSchools Rating

Kenny C. Guinn Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 40
NA
GreatSchools Rating

Ed W. Clark High School

  • Education Level: High
  • # of students: 3,066
  • # of teachers: 129
7
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,254
Property Tax -$195
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$193

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.

$340,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 9.33%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$44,567

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,924

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,8303$1,9954$2,0005$2,150
$2,150
RENT COMPS ANALYSIS
  • 5342 Holbrook Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.85
    •  
  • 3958 Topawa Drive Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 1981
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.72
    •  
  • 5286 Cagney Court Las Vegas, NV 3
    • 4 beds 1 baths ∙ 2,150 Sqft ∙ Built 1980 4 beds 1 baths ∙ 2,150 Sqft ∙ Built 1980
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 5222 Holbrook Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1980
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.93
    •  
  • 5195 Ganado Drive Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,150 Sqft ∙ Built 1979
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.00
    •  
PROPERTY LISTING DETAILS
Steve P Hawks
1.702.617.4637
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223898
Last Updated: 08/25/2020
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