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6224 Wildcat Brook Court North Las Vegas, NV 89081

5 Beds 3 Baths 3,280 sqft Built 2005

$399,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $121.65
  • 2 Days on Market
  • MLS # : 2276139
  • Updated Date : 07/12/2021 at 21:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,280 sqft
  • Baths : 3 full
Listing Agent

Hastings Brokerage Ltd

Listing Agent's Description

Nice 2 story single family home with 5 bedrooms and 3 baths located in North Las Vegas, near the VA hospital, schools, and shopping areas, and with easy access to the 215 beltway and I-15 freeway. Inviting floor plan with a living room and separate family room. The kitchen features a pantry, granite countertops, and tile flooring. Roomy primary bedroom with a sitting room and walk-in closet. Relaxing rear covered patio. Show today! All figures and measurements are only approximate. Buyer is to verify schools, HOA, measurements and utilities.

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

Neighborhood: Sunflower East

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $84k469k

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

Neighborhood: Sunflower East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9652121

* 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
D.l. Dusty Dickens Elementary School Primary Regular 753 43 6
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

D.l. Dusty Dickens Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
6
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,386
Property Tax -$340
Property Insurance -$91
HOA -$38
Property Management Fees -$119
CASH FLOW
$187

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.

$399,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$37,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,296

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1603$2,3504$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 6224 Wildcat Brook Court North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,280 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,280 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.66
    •  
  • 3925 Grant Hill Avenue North Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,944 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,944 Sqft ∙ Built 2005
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.66
    •  
  • 6117 Watermelon Street North Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006
    property image
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.69
    •  
  • 6116 Mott Smith Street #0 North Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006
    property image
    LEASED 04/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
  • 6120 Kulawea Street North Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
PROPERTY LISTING DETAILS
Jim Hastings
1.702.240.5448
Hastings Brokerage Ltd
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276139
Last Updated: 07/12/2021
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