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9401 Brilliant Ore Drive Las Vegas, NV 89143

5 Beds 3 Baths 3,741 sqft Built 2002

$599,999

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $160.38
  • 3 Days on Market
  • MLS # : 2269474
  • Updated Date : 02/14/2021 at 05:29
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,741 sqft
  • Baths : 3 full
Listing Agent

Real Simple Real Estate

Listing Agent's Description

Gorgeous SINGLE STORY America West home * FIVE* bedroom and *THREE* full bath. *THREE* car garage! Beautiful pool that is solar heated. Pool was recently refinished! Pristine kitchen with all the details. Dishwasher only a year old. *Gated community with park. Very desirable area. Water heater recently replaced. Water softener stays! Very well maintained and *upgraded.* A MUST SEEE. This one will go fast. Professional Photos to be uploaded on Saturday 2/13

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: Astoria Iron Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $119k818k

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

Neighborhood: Astoria Iron Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10763372

* 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
James Bilbray Elementary School Primary Regular 763 39 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

James Bilbray Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 39
9
GreatSchools Rating

Ralph Cadwallader Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 63
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$539,999$659,999$599,999

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,084
Property Tax -$442
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$185

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.

$599,999

PROJECTED PRICE

$2,560

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$23,560

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,2993$2,4004$2,5605$2,700
$2,700
RENT COMPS ANALYSIS
  • 9401 Brilliant Ore Drive Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,741 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,741 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $0.68
    •  
  • 9949 Madison Walk Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.62
    •  
  • 8804 Glenistar Gate Avenue #n/a Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,681 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,681 Sqft ∙ Built 2001
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.62
    •  
  • 7936 Farralon Ridge Court Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,487 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,487 Sqft ∙ Built 2005
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.69
    •  
  • 9808 Elk Grove Valley Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,496 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,496 Sqft ∙ Built 2006
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ran Tadmor
1.702.306.5050
Real Simple Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269474
Last Updated: 02/14/2021
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