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5485 Sierra Brook Court Las Vegas, NV 89149

4 Beds 4 Baths 3,552 sqft Built 2000

$1,300,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

$350,250

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $365.99
  • 8 Days on Market
  • MLS # : 2270316
  • Updated Date : 02/20/2021 at 01:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,552 sqft
  • Baths : 2 full , 2 half
Listing Agent

Award Realty

Listing Agent's Description

SINGLE STORY CUSTOM HOME ON OVER 1/2 ACRE CORNER LOT WITH POOL AND SPA ** TOTAL OF 7 CAR GARAGE *Custom Separate detached guest house with bath * detached 4 car tandem garage + 3 car with home . ***PLUS RV / Boat parking and Plenty of room for additional vehicles , toys and storage**. Kitchen with center island and breakfast bar. Family room with bar. 4 bedrooms in main house and an additional bedroom with guest house ..SEPARATE Main bedroom suite . Superb open floor plan with tall ceilings *

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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

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
 

FINANCIALS

Learn how to read this

$1,170,000$1,430,000$1,300,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$4,515
Property Tax -$541
Property Insurance -$96
Property Management Fees -$119
CASH FLOW
-$2,301

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.

$1,300,000

PROJECTED PRICE

$2,970

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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment		 $325,000
Rehab Estimate		 $5,750
Closing Costs		 $19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,515

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $325,000
Loan Amount $975,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$96

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT

  • $0.84

    LIST RENT PER SQFT

  • $2,957

    COMP ESTIMATED VALUE

  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,875
1$2,8752$2,9003$2,9704$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 5485 Sierra Brook Court Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,552 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,552 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.84
    •  
  • 10777 Marathon Bell Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,575 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,575 Sqft ∙ Built 2019
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $0.80
    •  
  • 10432 Holloway Heights Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,610 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,610 Sqft ∙ Built 2003
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.80
    •  
  • 9455 Centennial Parkway Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,703 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,703 Sqft ∙ Built 2019
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.86
    •  
  • 4724 El Presidente Drive Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.87
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Ross A Fabrizio
1.702.360.1900
Award Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270316
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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