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7134 Brighton Village Street Las Vegas, NV 89166

3 Beds 3 Baths 2,869 sqft Built 2013

$435,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $151.62
  • 2 Days on Market
  • MLS # : 2243997
  • Updated Date : 11/02/2020 at 10:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,869 sqft
  • Baths : 2 full , 1 half
Listing Agent

Life Realty District

Listing Agent's Description

***FORMER MODEL HOME IN GATED COMMUNITY!!*** SO MANY UPGRADES, CAN'T LIST THEM ALL! "EXTRAORDINARY HOME" EXUDES QUALITY, LOOK AT THE COLORS, TILES, AND CEILINGS AS YOU GASP!! SUPERIOR ADDITIONS: FEATURING GREAT ROOM W/ CSTM BUILT-IN; FORMAL DINING; CNTR ISLAND KITCHEN W/ GRANITE TOPS, COOKTOP/DBL OVENS; SPACIOUS OWNERS SUITE W/ LARGE WALK-IN, BATH W/ DBL VANITY, SEP TUB/SHWR W/GRANITE SURROUNDS; SURROUND SOUND; CEILING FANS IN FAMILY, LOFT, & ALL BD, MASTER CLOSET & PATIO; 3 CAR TANDEM GARAGE, FULLY LANDSCAPED W/PAVER PATIO WALKWAY., GORGEOUS BACKYARD W/COVERED PATIO, WATERFALLS, POOL W MULTI LIGHTS UV & OZone WATER PURIFICATION; PATIO DOORS THAT OPEN ALL THE WAY ACROSS BACK INTO BLISSFUL PARADISE! AUTOMATIC SHADES ON HIGH WINDOWS; KITCHEN CABINETS SLOW CLOSE; KNICKERBOCKER PARK w EXTENSIVE PLAYGROUND AND GORGEOUS PROMENADE WALKING PARK W PLAYGROUND! ANOTHER SPECTACULAR PROPERTY BY PATTY LINSON, THE NATIVE LV REALTOR!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Brighton at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Brighton at Providence

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
Henry And Evelyn Bozarth Elementary School Primary Regular 905 40 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Henry And Evelyn Bozarth Elementary School

  • Education Level: Primary
  • # of students: 905
  • # of teachers: 40
8
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

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

$391,500$478,500$435,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,605
Property Tax -$392
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
-$99

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.

$435,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$24,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,145

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,1004$2,1005$2,375
$2,375
RENT COMPS ANALYSIS
  • 7134 Brighton Village Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,869 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,869 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.73
    •  
  • 10613 Lomaland Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,868 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,868 Sqft ∙ Built 2013
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.68
    •  
  • 10222 Wolfeboro Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2011
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.75
    •  
  • 6635 Rego Park Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,709 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,709 Sqft ∙ Built 2013
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 6615 Brooklyn Heights Street Las Vegas, NV 5
    • 4 beds 2 baths ∙ 3,031 Sqft ∙ Built 2009 4 beds 2 baths ∙ 3,031 Sqft ∙ Built 2009
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.78
    •  
PROPERTY LISTING DETAILS
Patricia J Linson
1.702.353.3844
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243997
Last Updated: 11/02/2020
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