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8317 Fawn Brook Court Las Vegas, NV 89149

4 Beds 2 Baths 3,107 sqft Built 1998

INVESTimate

$470,000

List Price

$2,350

$2,115 - $2,585

Rent Est.

$513,663  ( +9.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $151.27
  • 2 Days on Market
  • MLS # : 2224773
  • Updated Date : 08/25/2020 at 21:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,107 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

COMPLETELY UPGRADED! MOVE IN READY! Newly renovated home in the gated Timberlake Community. Quiet, Peaceful Neighborhood, Open Floor-Plan, Huge Backyard, Green Landscapes, Palm Trees, Pool, & Spa. Solar Panels, New Flooring, French Doors, Fresh Paint, and much more! Conveniently located near 95/215 freeways. CALL FOR DETAILS!

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: Timberlake Street

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k483k

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

Neighborhood: Timberlake Street

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10762240

* 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
Dean Lamar Allen Elementary School Primary Regular 660 32 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Dean Lamar Allen Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 32
6
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
 

$423,000$517,000$470,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,734
Property Tax -$353
Property Insurance -$87
HOA -$32
Property Management Fees -$119
CASH FLOW
$24

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.

$470,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.29%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$39,256

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,354

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2803$2,3504$2,4955$2,495
$2,495
RENT COMPS ANALYSIS
  • 8317 Fawn Brook Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,107 Sqft ∙ Built 1998 4 beds 2 baths ∙ 3,107 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
  • 7912 Canley Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2000
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 8321 Fawn Meadow Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,107 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,107 Sqft ∙ Built 1999
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.73
    •  
  • 8232 Deer Springs Way Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,184 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,184 Sqft ∙ Built 1998
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.78
    •  
  • 6509 Columbia Falls Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,107 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,107 Sqft ∙ Built 2000
    LEASED 06/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.80
    •  
PROPERTY LISTING DETAILS
Minjia Li
1.702.788.8889
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224773
Last Updated: 08/25/2020
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