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8024 Bronzewood Avenue 
Las Vegas, NV
89149
4 Beds 2 Baths 1,796 sqft
Built 1994
INVESTimate
$385,000
List Price
$107,775
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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $214.37
- 2 Days on Market
- MLS # : 2224214
- Updated Date : 08/25/2020 at 19:30
CONSTRUCTION
- Beds : 4
- Floor Size : 1,796 sqft
- Baths : 2 full
Listing Agent
Wynn Realty Group
Listing Agent's Description
Tastefully decorated 4 bedroom, 2 bathroom, single story home in CANYON CREEK all-single-story community with NO HOA! Beautiful curb appeal with xeriscape desert low-maintenance front yard! Open floor plan with vaulted ceilings throughout! Gorgeous durable epoxy coated concrete floors in gray stain! Modern new baseboards and fresh neutral paint all around! Beautifully updated kitchen has Quartz countertops, stainless steel appliances, and walnut butcher block island breakfast bar! Designer ceiling fans, light fixtures, and plumbing fixtures throughout! Oil-rubbed bronze door handles! Attractive architectural niches throughout home make it very unique! Out back you will find large covered patio spanning nearly entire length of home! Neat and tidy yard has retaining wall with planter area, pavers, firepit, and lush green grass! This one has it all! Won't last long!
SEE MORE
- 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: Painted Desert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Painted Desert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$231 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$182
|
||
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.
$385,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.51% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
3.67
YEARS SAVED
$15,112
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,621
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
8024 Bronzewood Avenue Las Vegas, NV 5
- 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,650
- $0.92
-
5729 Berwick Falls Lane #0 Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,644 Sqft ∙ Built 1993
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,545
- $0.94
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5468 Royal Vista Lane #0 Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,741 Sqft ∙ Built 1993
LEASED 12/22/19- Rent
- Rent Per SQFT
- $1,595
- $0.92
-
7758 Vista Sunrise Drive #n/a Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1991
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,600
- $0.92
-
7912 Painted Rock Lane Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1991
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,600
- $0.83
PROPERTY LISTING DETAILS
1.702.250.7224
Wynn Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224214
Last Updated: 08/25/2020
