2016576 - 3625 Pelican Brief Ln, NV 89084

Information Index

Property Manager Opinion

2016576 - 3625 Pelican Brief Ln This home features a nice courtyard and double door entrance. Also located in a community minutes away from the Aliante Casino. Other features that would appeal to a potential tenant would be the sunken living room/family area, spacious loft area and the low maintenance backyard. There is plenty of storage areas in the home, which is nice. The carpet looks to be in excellent shape along with the nice upgraded ceramic tile. Because the home is so grand in size we would suggest adding some neutral colors to the walls. Current the walls are white and the paint looks flat from the photos. Overall we love this community and the floorplan of the home.

We would comp this home between $2200-$2295 within 30 days.

Current Estimated Return

Rent/Price $2255/$369000
Cash Flow Mo (Cash/Financed) $1783/$276
ROI (Cash/Financed) 5.8%/3.2%

See Comparable Sales/Rental Information below for details.

Assumptions

Item Amount Item Amount Item Amount
Interest Rate 5.13% Management 8% Actual Taxes 2388/Yr
Payment Term 30 Yrs Insurance 450/Yr Closing Cost - Cash 2000
Down Payment 25% Fees $55/Mo Closing Cost - Financed 3%

MLS Property Photos

Property Video

Map

Property Details

Property Summary

  • Asking Price: 369000
  • Days on Market: 29
  • Original Price: 374999
  • Monthly Fees: 55

Interior

  • SqFt: 3177
  • Beds: 5
  • Baths: 3
  • Flooring: Carpet, Ceramic
  • Garage: 3
  • Built: 2007
  • Interior Desc: Alarm System-Wired
  • Stories: 2

Appliances

  • Washer: No
  • Other Appliances: Microwave
  • Oven: Stove(G)
  • Kitchen Counter:
  • Dishwasher: Yes
  • Disposal: Yes
  • Dryer: No

Exterior

  • Lot SqFt: 5663
  • Pool: No
  • Property Type: Single
  • Roof Desc: Tile
  • Construction: Frame & Stucco
  • Exterior Desc: Back Yard Access, Balcony
  • Faces: North
  • Views:

Schools

  • Elementary: Goynes Theron H & Naomi D
  • Middle: Saville Anthony
  • High: Shadow Ridge

Other

  • Litigation: Unknown
  • Subdivision: Astoria At Aliante-Parcel 20
  • Community: Aliante
  • Zip Code: 89084

Rehab Estimate

Rehab estimate not available at this time

Comparable Sales/Rental Information

MLS Dist SqFt Beds Price $/SqFt Close Days Stories
1964011 0.02 3177 5 342500 108.0 2018-03-15 6 2
1997535 0.03 3177 5 350000 110.0 2018-07-16 17 2
1964640 0.36 3177 5 345000 109.0 2018-04-05 5 2
1995046 0.17 3177 5 372500 117.0 2018-07-12 27 2

MLS Address Garage Lot Built Pool Subdivision
1964011 3617 Pelican Brief Ln 2 5663 2008 No Astoria At Aliante-P...
1997535 3532 Perching Bird Ln 2 4792 2007 No Astoria At Aliante-P...
1964640 3205 Perching Bird Ln 3 5227 2006 No Astoria At Aliante-P...
1995046 3408 Perching Bird Ln 3 4792 2007 No Astoria At Aliante-P...

Estimated value based on the above comps: $111.0/SqFt x 3177SqFt = $352000

MLS Dist SqFt Beds Rent $/SqFt Close Days Stories
1965115 0.17 3112 4 2300 0.74 2018-03-27 47 1
1985257 0.33 3177 5 2270 0.71 2018-05-31 27 2

MLS Address Garage Lot Built Pool Subdivision
1965115 3717 White Lion Ln 3 7841 2006 No Aliante North Parcel...
1985257 7117 Diving Petrels Pl 2 5663 2006 No Astoria At Aliante-P...

Estimated value based on the above comps: $0.72/SqFt x 3177SqFt = $2280

Purchase/Financing Options

The tables below show estimated return based on various levels of rent and sales price. For example, choose a rent on the left, a sales price at the top and at the row column intersection is the estimated return.

Cash Purchase

359000 361500 364000 366500 369000 371500 374000 376500
2155 5.62% 5.58% 5.54% 5.51% 5.47% 5.43% 5.4% 5.36%
2180 5.7% 5.66% 5.62% 5.58% 5.54% 5.51% 5.47% 5.43%
2205 5.77% 5.73% 5.7% 5.66% 5.62% 5.58% 5.54% 5.51%
2230 5.85% 5.81% 5.77% 5.73% 5.69% 5.65% 5.62% 5.58%
2255 5.93% 5.89% 5.85% 5.81% 5.77% 5.73% 5.69% 5.65%
2280 6.0% 5.96% 5.92% 5.88% 5.84% 5.8% 5.76% 5.73%
2305 6.08% 6.04% 6.0% 5.96% 5.92% 5.88% 5.84% 5.8%

Return With 20% Down

359000 361500 364000 366500 369000 371500 374000 376500
2155 1.85% 1.68% 1.51% 1.35% 1.19% 1.03% 0.87% 0.71%
2180 2.18% 2.01% 1.84% 1.68% 1.51% 1.35% 1.19% 1.03%
2205 2.52% 2.34% 2.17% 2.01% 1.84% 1.67% 1.51% 1.35%
2230 2.85% 2.67% 2.5% 2.34% 2.16% 2.0% 1.83% 1.66%
2255 3.18% 3.0% 2.83% 2.66% 2.49% 2.32% 2.15% 1.98%
2280 3.52% 3.34% 3.15% 2.99% 2.82% 2.64% 2.47% 2.3%
2305 3.85% 3.67% 3.48% 3.32% 3.14% 2.96% 2.79% 2.62%

Return With 25% Down

359000 361500 364000 366500 369000 371500 374000 376500
2155 2.69% 2.55% 2.41% 2.27% 2.14% 2.01% 1.88% 1.75%
2180 2.96% 2.82% 2.69% 2.54% 2.41% 2.27% 2.14% 2.02%
2205 3.24% 3.1% 2.96% 2.81% 2.67% 2.54% 2.41% 2.28%
2230 3.51% 3.37% 3.23% 3.08% 2.94% 2.8% 2.67% 2.54%
2255 3.79% 3.64% 3.5% 3.35% 3.21% 3.07% 2.93% 2.8%
2280 4.06% 3.91% 3.77% 3.61% 3.47% 3.34% 3.2% 3.06%
2305 4.33% 4.19% 4.04% 3.88% 3.74% 3.6% 3.46% 3.32%

Return With 30% Down

359000 361500 364000 366500 369000 371500 374000 376500
2155 3.27% 3.15% 3.04% 2.92% 2.81% 2.69% 2.59% 2.47%
2180 3.51% 3.38% 3.27% 3.15% 3.04% 2.92% 2.81% 2.7%
2205 3.74% 3.61% 3.5% 3.37% 3.26% 3.14% 3.03% 2.92%
2230 3.97% 3.84% 3.73% 3.6% 3.49% 3.37% 3.26% 3.14%
2255 4.2% 4.07% 3.96% 3.83% 3.72% 3.59% 3.48% 3.36%
2280 4.44% 4.31% 4.19% 4.06% 3.94% 3.82% 3.71% 3.58%
2305 4.67% 4.54% 4.42% 4.29% 4.17% 4.04% 3.93% 3.81%

Return With 40% Down

359000 361500 364000 366500 369000 371500 374000 376500
2155 4.03% 3.94% 3.85% 3.76% 3.68% 3.58% 3.5% 3.42%
2180 4.21% 4.12% 4.03% 3.94% 3.85% 3.76% 3.67% 3.59%
2205 4.39% 4.29% 4.2% 4.11% 4.02% 3.93% 3.84% 3.76%
2230 4.56% 4.47% 4.38% 4.29% 4.2% 4.1% 4.02% 3.93%
2255 4.74% 4.65% 4.55% 4.46% 4.37% 4.28% 4.19% 4.1%
2280 4.92% 4.83% 4.73% 4.64% 4.55% 4.45% 4.36% 4.27%
2305 5.1% 5.0% 4.91% 4.81% 4.72% 4.62% 4.53% 4.44%

Return With 50% Down

359000 361500 364000 366500 369000 371500 374000 376500
2155 4.5% 4.43% 4.35% 4.28% 4.21% 4.14% 4.07% 4.01%
2180 4.65% 4.57% 4.5% 4.42% 4.35% 4.29% 4.21% 4.14%
2205 4.79% 4.72% 4.64% 4.57% 4.49% 4.43% 4.35% 4.28%
2230 4.94% 4.86% 4.78% 4.71% 4.63% 4.57% 4.49% 4.42%
2255 5.08% 5.0% 4.93% 4.85% 4.77% 4.71% 4.63% 4.56%
2280 5.23% 5.15% 5.07% 4.99% 4.92% 4.85% 4.77% 4.7%
2305 5.37% 5.29% 5.21% 5.13% 5.06% 4.99% 4.91% 4.84%

Multi Year Projection

Purchase Assumptions

  • Purchase Price: 369000
  • Rent (Mo): 2255
  • Rehab Cost: 0
  • Property Tax (Actual, Annual): 2388

Financing/Purchase Costs Assumptions

  • Down %: 25%
  • Down $: 92250
  • Financed Amount: 276750
  • Interest Rate: 5.13%
  • Loan Term (Yrs): 30
  • Closing Cost - Financed (%): 3%
  • Closing Cost - Cash: 2000

Recurring Costs

  • Debt Service (Mo): 1508
  • Landlord Insurance (Yr): 450
  • Management Fee (%): 8%
  • Association Fee (Yr): 660

Tax Considerations

  • Depreciation Term (Yrs): 27
  • Depreciation (%): 80%

Appreciation Assumptions

  • Price Appreciation (Ann %): 5%
  • Rent Appreciation (Ann %): 5%

Calculation Factors

  • Tax % of Purchase Price: 0.65%
  • Insurance % of purchase Price: 0.12%

Multi-Year Projection - Financed

End of Year 0 1 2 3 4 5 6 7 8 9
Market Value 369000 387450 406822 427163 448521 470947 494495 519220 545181 572440
Gross Rent (Yr) 27060 28413 29833 31325 32891 34536 36262 38076 39979 41978
Tax Deductible Annual Expenses (Yr)
Debt Service Interest 14104 13894 13674 13442 13198 12941 12670 12385 12085 11770
Management Fee 2165 2273 2387 2506 2631 2763 2901 3046 3198 3358
Landlord Insurance 450 472 496 520 546 574 603 633 664 698
Property tax 2388 2507 2633 2764 2903 3048 3200 3360 3528 3705
Association Fee 660 660 660 660 660 660 660 660 660 660
Depreciation 10735 10735 10735 10735 10735 10735 10735 10735 10735 10735
Total Financed Expenses 30502 30541 30585 30627 30673 30721 30769 30819 30870 30926
Taxable Income - Financed (Yr)
Gross Rent (Yr) 27060 28413 29833 31325 32891 34536 36262 38076 39979 41978
- Total Financed Expenses 30502 30541 30585 30627 30673 30721 30769 30819 30870 30926
Taxable Gain or Loss -3442 -2128 -752 698 2218 3815 5493 7257 9109 11052
Actual Expenses - Financed (Yr)
Debt Service (P&I) 18096 18096 18096 18096 18096 18096 18096 18096 18096 18096
Management Fee 2165 2273 2387 2506 2631 2763 2901 3046 3198 3358
Landlord Insurance 450 472 496 520 546 574 603 633 664 698
Property tax 2388 2507 2633 2764 2903 3048 3200 3360 3528 3705
Association Fee 660 660 660 660 660 660 660 660 660 660
Total Expenses 23759 24008 24272 24546 24836 25141 25460 25795 26146 26517
ROI & Cash Flow - Financed (Yr)
Gross Rent (Yr) 27060 28413 29833 31325 32891 34536 36262 38076 39979 41978
Total Expenses 23759 24008 24272 24546 24836 25141 25460 25795 26146 26517
Cash Flow 3301 4405 5561 6779 8055 9395 10802 12281 13833 15461
ROI 3.2% 4.3% 5.4% 6.6% 7.8% 9.1% 10.5% 11.9% 13.4% 15%

Multi-Year Projection - Cash

End of Year 0 1 2 3 4 5 6 7 8 9
Market Value 369000 387450 406822 427163 448521 470947 494495 519220 545181 572440
Gross Rent (Yr) 27060 28413 29833 31325 32891 34536 36262 38076 39979 41978
Tax Deductible Annual Expenses (Yr)
Management Fee 2165 2273 2387 2506 2631 2763 2901 3046 3198 3358
Landlord Insurance 450 472 496 520 546 574 603 633 664 698
Property tax 2388 2507 2633 2764 2903 3048 3200 3360 3528 3705
Association Fee 660 660 660 660 660 660 660 660 660 660
Depreciation 10735 10735 10735 10735 10735 10735 10735 10735 10735 10735
Total Cash Expenses 16398 16647 16911 17185 17475 17780 18099 18434 18785 19156
Taxable Income - Cash (Yr)
Gross Rent (Yr) 27060 28413 29833 31325 32891 34536 36262 38076 39979 41978
- Total Cash Expenses 16398 16647 16911 17185 17475 17780 18099 18434 18785 19156
Taxable Gain or Loss 10662 11766 12922 14140 15416 16756 18163 19642 21194 22822
Actual Expenses - Cash (Yr)
Management Fee 2165 2273 2387 2506 2631 2763 2901 3046 3198 3358
Landlord Insurance 450 472 496 520 546 574 603 633 664 698
Property tax 2388 2507 2633 2764 2903 3048 3200 3360 3528 3705
Association 660 660 660 660 660 660 660 660 660 660
Total Expenses 5663 5912 6176 6450 6740 7045 7364 7699 8050 8421
ROI & Cash Flow - Cash (Yr)
Gross Rent (Yr) 27060 28413 29833 31325 32891 34536 36262 38076 39979 41978
Total Expenses 5663 5912 6176 6450 6740 7045 7364 7699 8050 8421
Cash Flow 21397 22501 23657 24875 26151 27491 28898 30377 31929 33557
ROI 5.8% 6.1% 6.4% 6.7% 7% 7.4% 7.8% 8.2% 8.6% 9%

Background Information