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6201 Sweetbriar Court 
Las Vegas, NV
89146
3 Beds 1 Baths 1,657 sqft
Built 1980
INVESTimate
$345,000
List Price
$97,175
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PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $208.21
- 2 Days on Market
- MLS # : 2224648
- Updated Date : 08/25/2020 at 16:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,657 sqft
- Baths : 1 full
Listing Agent
Luxe Estates & Lifestyles Llc
Listing Agent's Description
This is truly a great find! WELCOME HOME to this beautiful SINGLE STORY that has spacious dimensions and a great floorplan! 6201 Sweetbriar has 3 bedrooms, 1.75 baths, 3 car garage, and a sparkling HEATER POOL with SPA surrounded by a well landscaped LUSH yard. The living room includes a quaint brick FIREPLACE and dining area with vaulted ceilings and the kitchen features granite countertops and updated appliances. This home is not on a through street and there is NO H.O.A. See this home today, you will not be disappointed! Schedule an appointment today!
SEE MORE
- 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: Canyon Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$210 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$101
|
||
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.
$345,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 7.39% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
4.5
YEARS SAVED
$18,066
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,562
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
6201 Sweetbriar Court Las Vegas, NV 3
- 3 beds 1 baths ∙ 1,657 Sqft ∙ Built 1980 3 beds 1 baths ∙ 1,657 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $0.94
-
6225 Vista Verde #n/a Las Vegas, NV 1
- 3 beds 1 baths ∙ 1,365 Sqft ∙ Built 1977 3 beds 1 baths ∙ 1,365 Sqft ∙ Built 1977
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LEASED 11/07/19- Rent
- Rent Per SQFT
- $1,295
- $0.95
-
5436 Del Monte Avenue Las Vegas, NV 2
- 3 beds 1 baths ∙ 1,552 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,552 Sqft ∙ Built 1964
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LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,450
- $0.93
-
6356 Cobalt Lane Las Vegas, NV 4
- 3 beds 1 baths ∙ 1,796 Sqft ∙ Built 1989 3 beds 1 baths ∙ 1,796 Sqft ∙ Built 1989
![property image]()
LEASED 04/01/19- Rent
- Rent Per SQFT
- $1,595
- $0.89
-
1916 Piccolo Way Las Vegas, NV 5
- 3 beds 1 baths ∙ 1,657 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,657 Sqft ∙ Built 1979
![property image]()
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
PROPERTY LISTING DETAILS
1.702.351.4721
Luxe Estates & Lifestyles Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224648
Last Updated: 08/25/2020
