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820 Brunellos Avenue Las Vegas, NV 89123

3 Beds 3 Baths 2,722 sqft Built 1999

$445,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $163.48
  • 4 Days on Market
  • MLS # : 2272868
  • Updated Date : 02/26/2021 at 15:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,722 sqft
  • Baths : 3 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Spacious home with a large pool & Water slide. Dual Master Bedrooms Each with Private bath. 3 Bed + Retreat that could be 4th bedroom or perfect Nursery or office. 4 bathroom 3 car garage and very low HOA. Great location close to the new Stadium and close to major hwy's. Granite counter tops & pool views from the kitchen. Italian Tile fireplace with white woodwork mantle. Well cared for home move in ready. Oversize Tiles in the downstairs living areas. Cool deck pool patio with fence around the pool.

SEE MORE

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: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Roger Gehring Elementary School Primary Regular 676 39 9
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Silverado High School High Regular 2,263 94 5

Roger Gehring Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 39
9
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,546
Property Tax -$283
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
$93

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.

$445,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$37,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,300

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1203$2,1504$2,5005$2,595
$2,595
RENT COMPS ANALYSIS
  • 820 Brunellos Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,722 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,722 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.78
    •  
  • 520 Curtin Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,599 Sqft ∙ Built 1999
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.81
    •  
  • 1123 Aspen Breeze Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1998
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.76
    •  
  • 9610 Redstar Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1997
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 1084 Desert Shale Avenue #n Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,838 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,838 Sqft ∙ Built 1998
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kassidy L Lane
1.541.543.6880
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272868
Last Updated: 02/26/2021
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