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7809 Brent Leaf Avenue Las Vegas, NV 89131

5 Beds 3 Baths 3,375 sqft Built 2003

$449,900

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $133.30
  • 11 Days on Market
  • MLS # : 2260000
  • Updated Date : 01/16/2021 at 19:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,375 sqft
  • Baths : 3 full
Listing Agent

Milestone Realty

Listing Agent's Description

Hurry up! This beautiful big 2 story home won't last long ! It features 5 bedrooms with a desirable 1 bedroom downstairs , 4 baths , a large balcony at the master bedroom with a lovely master suite and a built entertainment center . Feel like in your own spa in this master bath with a separate jetted tub , relaxing shower and luxury granite counter tops not only here but throughout the whole house . Spacious kitchen with a granite breakfast bar and a separate island , stainless steel appliances including a double oven and a griddle on the stove top . Family room has a beautiful build in entertainment center. Formal dinning room for all your elegant celebrations.Windows downstairs have beautiful shutters and also solar screens that are great on saving on heating and cooling bills the throughout the year. Great Murphy wall bed in one of the bedrooms is a space savior.Laundry room with a useful sink . Grand piano and some furniture can be included for a good offer at the buyer's request

SEE MORE

MARKET HIGHLIGHTS

  • 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: San Marino Circle

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k494k

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

Neighborhood: San Marino Circle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10762243

* 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
Thomas O'roarke Elementary School Primary Regular 817 42 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

Thomas O'roarke Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 42
9
GreatSchools Rating

Ralph Cadwallader Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 63
NA
GreatSchools Rating

Arbor View High School

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

$404,910$494,890$449,900

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,563
Property Tax -$374
Property Insurance -$93
Property Management Fees -$119
CASH FLOW
-$8

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.

$449,900

PROJECTED PRICE

$2,140

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.5%
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$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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$27,699

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,287

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1403$2,2404$2,4005$2,895
$2,895
RENT COMPS ANALYSIS
  • 7809 Brent Leaf Avenue Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,375 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,375 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.63
    •  
  • 8155 Deer Clan Court Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,330 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,330 Sqft ∙ Built 2001
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.60
    •  
  • 7816 Brookfield Cove Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,574 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,574 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.63
    •  
  • 8313 Chapelle Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2004
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.70
    •  
  • 8025 Villa Belen Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,710 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,710 Sqft ∙ Built 2003
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.78
    •  
PROPERTY LISTING DETAILS
Aurelia Francis
1.702.496.3218
Milestone Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260000
Last Updated: 01/16/2021
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