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9202 Branford Hills Street Las Vegas, NV 89123

3 Beds 2 Baths 2,415 sqft Built 2004

INVESTimate

$429,900

List Price

$1,890

$1,701 - $2,079

Rent Est.

$473,535  ( +10.15%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $178.01
  • 9 Days on Market
  • MLS # : 2222469
  • Updated Date : 08/24/2020 at 14:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,415 sqft
  • Baths : 2 full
Listing Agent

Desert Realty

Listing Agent's Description

SQUEAKY CLEAN HARD-TO-FIND SINGLE STORY...3 ENSUITE BEDROOMS WITH MARBLE-TILED BATHS IN 3 SEPARATE WINGS OF THE HOME, PLUS DEN/OFFICE/LIBRARY! IN AWESOME SILVERADO RANCH AREA! COURTYARD ENTRY, 3-CAR GARAGE WITH EPOXIED FLOOR AND SIDE DOOR, SPRAWLING, OPEN CONCEPT FLOOR PLAN, GOURMET-SIZE KITCHEN WITH WALK-IN PANTRY, PLENTY OF CABINETRY, GAS COOKTOP AND ELECTRIC DOUBLE OVENS, LARGE CENTER ISLAND, B-FAST BAR, DINING NOOK, OPENS TO SPACIOUS FAMILY ROOM WHICH IS WIRED FOR SURROUND SOUND. FRML DINING. ATTRACTIVE ROUNDED ENTRY W/CUSTOM TILE WORK. LARGE MASTER SUITE WITH SEPARATE TUB AND WALK-IN SHOWER, DUAL VANITY SINKS, SLIDER TO BACK YARD. CUSTOM TILED FIREPLACE IN LIVING ROOM. CUSTOM DIAGONAL CERAMIC TILED! LAUNDRY ROOM HAS CABINETS AND LAUNDRY TUB. WIRED FOR ALARM SYSTEM. EASY CARE LANDSCAPING PROFESSIONALLY MAINTAINED, POOL-SIZE LOT. MINUTES FROM TOWN SQUARE AND THE NEW ARENA. VERY AFFORDABLE HOA, GREAT NEIGHBORHOOD! BRING YOUR BUYERS...LOVE AT FIRST SIGHT!

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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: 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
John R. Beatty Elementary School Primary Regular 601 29 8
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

John R. Beatty Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 29
8
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

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

$386,910$472,890$429,900

PURCHASE PRICE

$1,701$2,079$1,890

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,586
Property Tax -$274
Property Insurance -$74
HOA -$48
Property Management Fees -$119
CASH FLOW
-$211

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.

$429,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.15%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$14,981

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,932

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8903$1,8954$1,9105$1,950
$1,950
RENT COMPS ANALYSIS
  • 9202 Branford Hills Street Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,415 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,415 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.78
    •  
  • 9108 Manalang Road Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 2002
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
  • 9140 Manalang Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2002
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 672 Fontayne Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2002
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.83
    •  
  • 9139 Marlia Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 2003
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Liz Thompson
1.702.876.0098
Desert Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222469
Last Updated: 08/24/2020
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