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7347 Brisbane Hills Street Las Vegas, NV 89166

4 Beds 3 Baths 1,797 sqft Built 2013

$309,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $172.45
  • 3 Days on Market
  • MLS # : 2246065
  • Updated Date : 11/06/2020 at 21:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,797 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nexthome Community Real Estate

Listing Agent's Description

Adorable 2-story, 4 bedroom, 2.5 bath in highly desirable Providence master planned community! Located near shopping, hospitals, restaurants, freeway access and countless parks! Open concept floorplan upon entry with FRESH PAINT throughout entire home! Recently updated kitchen – modern gray 42” upper painted cabinets and pantry, quartz countertops, and luxury vinyl plank flooring throughout first floor and all wet areas! Enjoy the Las Vegas summers in the newly landscaped backyard with HEAT RESISTANT artificial turf! Relax in the spacious master bedroom with vaulted ceilings. Master bath boasts a newly upgraded FRAMELESS walk in shower with separate soaking tub, double vanity, and Moen faucets!. Refrigerator, washer/dryer, soft water system and blinds throughout home STAY! Do NOT hesitate to view this CLEAN, well-cared for home – it will NOT last long!!!

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: Cliffs Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Cliffs Edge

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
Arbor View High School High Regular 2,878 116 9

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

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,143
Property Tax -$268
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$32

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.

$309,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$21,109

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
  • $0.87

    LIST RENT PER SQFT
  • $1,541

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5603$1,5604$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 7347 Brisbane Hills Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.87
    •  
  • 7333 Arlington Garden Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,809 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,809 Sqft ∙ Built 2010
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 10577 Hartford Hills Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,797 Sqft ∙ Built 2012
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.87
    •  
  • 10729 Dobbs Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 2012
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 10604 Nantucket Ridge Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 2009
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
PROPERTY LISTING DETAILS
Falisha Rexford
1.702.236.4249
Nexthome Community Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246065
Last Updated: 11/06/2020
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