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6210 Braided Romel Court Las Vegas, NV 89131

4 Beds 4 Baths 3,783 sqft Built 2015

$1,250,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $330.43
  • 7 Days on Market
  • MLS # : 2251186
  • Updated Date : 12/05/2020 at 11:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,783 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Truly unique gorgeous custom home in Maverick Estates. Former model home upgraded to the max. Bright and modern interior features high ceilings. High End Kitchen Stunning White Maple Cabinets, Marble Slab Countertop,  stainless appliances, walk in panty! Honed Marble at Master Bath featuring a waterfall edge tub, Quartz Countertop & HALF INCH Frameless Enclosure! Travertine Floor, Granite Counters on all bath counters, Plantation shutters throughout. Private resort style backyard oasis with custom pool, spa and waterfall. Outdoor covered patio. Paver Driveway and RV parking. Enlarged courtyard with fireplace. Beautiful Mountain Views!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR 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
Kitty Mcdonough Ward Elementary School Primary Regular 830 43 9
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kitty Mcdonough Ward Elementary School

  • Education Level: Primary
  • # of students: 830
  • # of teachers: 43
9
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$4,612
Property Tax -$654
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$2,265

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.

$1,250,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$10k

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$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,612

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $3,272

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$3,0003$3,2204$3,5005$3,650
$3,650
RENT COMPS ANALYSIS
  • 6210 Braided Romel Court Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,783 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,783 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $0.85
    •  
  • 6159 Villa De Picasso Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,489 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,489 Sqft ∙ Built 2005
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.76
    •  
  • 5810 Majestic Tide Avenue Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,596 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,596 Sqft ∙ Built 2001
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 8412 Myerlee Court Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,854 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,854 Sqft ∙ Built 2006
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.91
    •  
  • 8312 Fulton Ranch Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,790 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,790 Sqft ∙ Built 2004
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jill Amsel
1.702.683.6563
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251186
Last Updated: 12/05/2020
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