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8345 Hunter Brook Street Las Vegas, NV 89139

4 Beds 3 Baths 1,787 sqft Built 2003

INVESTimate

$310,000

List Price

$1,680

$1,512 - $1,848

Rent Est.

$338,675  ( +9.25%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $173.48
  • 12 Days on Market
  • MLS # : 2222105
  • Updated Date : 08/23/2020 at 21:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,787 sqft
  • Baths : 3 full
Listing Agent

Realty 360

Listing Agent's Description

Original owner. 4bed 3bath with 2 car garage home with 1 bedroom and full bath downstairs. Located inside the gated community of Lamplight Square in Coronado Ranch. Functional kitchen w/recessed lighting, breakfast island and window facing the street. Laminate flooring through out the first floor. Patio cover, pavers and easy maintenance landscapping. Club house amenities include a fitness center, 24-hour security, pool & spa, playground, BBQ area, & park.

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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: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $119k352k

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

Neighborhood: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9561622

* 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
Mark L. Fine Elementary School Primary Regular 1,001 51 6
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Mark L. Fine Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 51
6
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,512$1,848$1,680

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,144
Property Tax -$205
Property Insurance -$62
HOA -$156
Property Management Fees -$119
CASH FLOW
-$6

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.

$310,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.25%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,694

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,657

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6804$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 8345 Hunter Brook Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.94
    •  
  • 8376 Hunter Brook Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2003
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 6294 Tillman Crest Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2004
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 6178 Arbor Valley Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2004
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
  • 6159 Sierra Mist Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2004
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lloyd J Lacambacal
1.702.601.2671
Realty 360
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222105
Last Updated: 08/23/2020
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