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5463 Sierra Brook Court Las Vegas, NV 89149

4 Beds 5 Baths 4,245 sqft Built 1999

$1,400,000

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $329.80
  • 6 Days on Market
  • MLS # : 2276677
  • Updated Date : 03/13/2021 at 10:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,245 sqft
  • Baths : 5 full
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

Your Dream Home really DOES exist! This stunning property has everything you could wish for! Media room, gym and chef's kitchen are just a few of the features that will make staying home a pleasure! Outdoor spaces include a pool and spa, outdoor kitchen and misters on the back patio. Perfect for those warm Las Vegas evenings! There's more than ample storage space for all of your toys, too. Separate RV garage has an additional loft space for extra storage as well as an additional storage yard behind the RV garage that accessible by a mechanical gate. Come check this one out. You're bound to fall in love with it!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 89149

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Zip Code: 89149

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Dean Lamar Allen Elementary School Primary Regular 660 32 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Dean Lamar Allen Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

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

$1,260,000$1,540,000$1,400,000

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$4,863
Property Tax -$595
Property Insurance -$109
Property Management Fees -$119
CASH FLOW
-$2,416

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.

$1,400,000

PROJECTED PRICE

$3,270

PROJECTED RENT

0.23%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$376,750

INVESTMENT

$376,750

Down Payment
$350,000
Rehab Estimate
$5,750
Closing Costs
$21,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,863

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $350,000
Loan Amount $1,050,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$119

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,957

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$3,2004$3,270
$3,270
RENT COMPS ANALYSIS
  • 5463 Sierra Brook Court Las Vegas, NV 4
    • 4 beds 5 baths ∙ 4,245 Sqft ∙ Built 1999 4 beds 5 baths ∙ 4,245 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $0.77
    •  
  • 9481 Kickapoo Avenue Las Vegas, NV 1
    • 5 beds 4 baths ∙ 4,471 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,471 Sqft ∙ Built 2006
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.63
    •  
  • 10478 Mount Owen Las Vegas, NV 2
    • 4 beds 4 baths ∙ 4,402 Sqft ∙ Built 2017 4 beds 4 baths ∙ 4,402 Sqft ∙ Built 2017
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.65
    •  
  • 5645 North Chieftain Street Las Vegas, NV 3
    • 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.81
    •  
PROPERTY LISTING DETAILS
Kathleen Morrison
1.702.773.7456
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276677
Last Updated: 03/13/2021
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