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8730 Bryans Cove Avenue Las Vegas, NV 89148

4 Beds 4 Baths 3,160 sqft Built 2016

$549,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $174.02
  • 4 Days on Market
  • MLS # : 2243535
  • Updated Date : 10/31/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,160 sqft
  • Baths : 3 full , 1 half
Listing Agent

Life Realty District

Listing Agent's Description

THIS ONE HAS IT ALL! ONE OF DR HORTONS FINEST DUAL MASTER PLAN MODELS. HIGHLY UPGRADED 4 BEDROOM, INCLUDING BOTH UP AND DOWN MASTER BEDROOMS, IS ONE OF A KIND WHEN IT CAME TO UPGRADES. UPGRADED FLOORING AND PAINT SCEMES THROUGHOUT, STONE MEDIA WALL IN FAMILY ROOM AND EXQUISITE WOOD WORK IN DOWNSTAIRS MASTER. NO EXPENSE HAS BEEN SPARED. GOURMET KITCHEN BUILDER PACKAGE WITH STAINLESS APPLIANCES, 5 BURNER COOKTOP, BUILT-IN OVENS, UPGRADED SOFT CLOSE 42' UPPER MODERN SHAKER CABINETS, LEVEL 5 GRANITE COUNTERTOPS. OVERSIZED DOWNSTAIRS MASTER WITH DUAL SINKS, SEPARATE SHOWER AND TUB AND WALK IN CLOSETS. UPSTAIRS HAS THE PERFECT LOST AND RELAXATION AREA, LAUNDRY ROOM WITH CABINETS AND SINK COMBINATION., 2 BEDROOMS WITH JACK AND JILL BATH AND SECOND OVERSIZED MASTER BEDROOM WITH WALKIN CLOSETS. FEATURES INCLUDE: DUAL PANE WINDOWS, SECURITY SYSTEM, PRE-WIRED FOR SURROUND SOUND AND SO MUCH MORE. OVERSIZED POOL SIZE REAR YARD AWAITING YOUR IMAGINATION TO PERFECT THE OASIS YOU'VE BEEN DREAMING OF!

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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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Lucille Rogers Elementary School Primary Regular 775 43 9
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Lucille Rogers Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 43
9
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,029
Property Tax -$397
Property Insurance -$88
Property Management Fees -$119
CASH FLOW
-$343

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.

$549,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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-$5.0k$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$13,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,307

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2903$2,2954$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 8730 Bryans Cove Avenue Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,160 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,160 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.72
    •  
  • 9095 Cocowoods Place Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,057 Sqft ∙ Built 2017 5 beds 2 baths ∙ 3,057 Sqft ∙ Built 2017
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 7916 Lisa Marie Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,886 Sqft ∙ Built 2001
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.80
    •  
  • 8371 Baden Westwood Lane Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,429 Sqft ∙ Built 2018 5 beds 2 baths ∙ 3,429 Sqft ∙ Built 2018
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.70
    •  
  • 5933 Chatsworth Hill Street Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,432 Sqft ∙ Built 2018 5 beds 2 baths ∙ 3,432 Sqft ∙ Built 2018
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.73
    •  
PROPERTY LISTING DETAILS
Robert W Morganti
1.702.540.3775
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243535
Last Updated: 10/31/2020
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