Manager's

Evaluation Report
3857 VISTA LARGO DR, LAS VEGAS, 89121
3 bedroom 2 F bath 1245 SF home built in 1976
$ 79,900 Proforma Sale Price

$ 975 Rent

Disposition Costs

Cash Operating Expenses

$ 2,400

Sell-Side of Listing
$ 2,400

Buy-Side of Listing
$ 2,000

Seller Closing Costs

$ 70
$ 45
$ -

Property Tax
Homeowners Insurance
Homeowners Association Fees

$ 6,800

Total Disposition Costs

$ 60
$ -

Includes 6% property management fee

Other Expenses

$ 73,100 Revenue from Disposition

$ 175 Monthly Cash Expenses

Acquisition, Carrying, and Renovation Costs

Reserve Expenses

$ 56,500 Auction Acquisition Cost

$ 3,390

Trustee Sale Fees & Commissions

$ 65
$ 45

$ 5,000

$ 480

$ 1,250

$ -
$ -
$ 500

$ 306

$ 110 Monthly Reserve Expenses

Real Estate Improvements

Total Carrying Costs
Project Management
Back Property Taxes
Back HOA Dues
Tenant Move-out Allowance
Transfer Taxes and Recording Fees

Maintenance and Replacement Reserves

Vacancy and Collection Loss

$ 285 Total Expenses

$ 690 Net Operating Income
8.2

Months to match flip

$ 67,426 Total Acquisition and Renovation Costs

$ 67,426

Total Acquisition and Renovation Costs

$ 5,674

Total Profit

$ 8,280

Yearly Net Income

8.4% Profit Margin

12.3% Capitalization Rate

Asking Prices
$ 83,900 Initial Asking Price
$ 81,900 Minimum MLS Asking Price
$ 79,900 Cashflow Investor Asking Price
$ 73,900 Breakeven Sale Price

Ideal Home Brokers

Manager's Report

Asking Rents
=
=
=
=
=

$ 1,025
$ 1,000
$ 975

$ 950

$ 925

1 of 2

larry@IdealHomeBrokers.com
(949) 351-6913

3857 VISTA LARGO DR, LAS VEGAS, 89121

Comparable Resales

Resale Date
10/14/11
1977, 4/2, 1902 SF, $129900, $68.26/SF, 3886 CALLE DE ESTE, VALLE GRANDE EST #01
8/27/11
1977, 4/2, 1902 SF, $115000, $60.43/SF, 4739 HONDO CT, VALLE GRANDE EST #02A
8/2/11
1977, 4/2, 1902 SF, $124900, $65.63/SF, 3690 CHAMA AV, VALLE GRANDE EST #02
7/15/11
1976, 3/2, 1510 SF, $69900, $46.26/SF, 3865 VISTA LARGO DR, VALLE GRANDE EST #01
1/0/00
1976, 3/2, 1245 SF, $80000, $64.2/SF, 4870 AVENEDA GRANDE, VALLE GRANDE EST #1 AMD1/0/00
1976, 3/2, 1245 SF, $85900, $68.94/SF, 4860 AVENEDA GRANDE, VALLE GRANDE EST #1 AMD
1/0/00
1977, 4/2, 1878 SF, $142000, $75.57/SF, 4774 W CHAMA PL, VALLE GRANDE EST #02

7419 PICARDIE LN -- 3 bed 3 bath 1885 SF -- 1988 List: $1350

11/08/11

Fix up

01/10/12

Rening

02/09/12

Lising

03/15/12

Escrow

11/29/11

04/23/12

Closing

Evicion Aucion

04/26/12

Ideal Home Brokers

Manager's Report

Aucion 11/08/11
1

12/31/2011

11/30/2011

10/31/2011

8/31/2011

7/31/2011

7/1/2011

Task
Auction Purchase - 1 day(s)
Eviction and Possession - 21 day(s)
Property Renovation - 42 day(s)
Rental Listing - 30 day(s)
MLS Listing - 35 day(s)
Escrow and Closing - 39 day(s)
Cash to Auction - 3 day(s)
Purchase to Sale

9/30/2011

4165 PEQUENO AV -- 3 bed 2 bath 1640 SF -- 1979 List: $1100

Start Date
11/07/11
11/08/11
11/29/11
01/10/12
02/09/12
03/15/12
04/23/12
11/07/11

End Date
11/08/11
11/29/11
01/10/12
02/09/12
03/15/12
04/23/12
04/26/12
04/26/12

5/31/2012

7351 PICARDIE LN -- 3 bed 2 bath 1885 SF -- 1987 List: $1600

$ 1,000
$ 1,250
$ 1,495
$ 1,600
$ 1,350
$ 1,100

5/1/2012

7426 TRUDY LN -- 4 bed 2 bath 1900 SF -- 1982 List: $1495

8/3/11
6/23/11
5/6/11
3/10/11
1/26/11
11/5/10

3/31/2012

965 ELYSIAN DR -- 3 bed 2 bath 1640 SF -- 1981 List: $1250

Amount

3/1/2012

3833 VISTA LARGO DR -- 3 bed 2 bath 1245 SF -- 1976 List: $1000

Lease Date

1/30/2012

Comparable Rentals

Amount
$ 145,000
$ 125,000
$ 132,000
$ 115,000
$ -
$ -
$ -

Purchase to Sale Schedule

Evicion 11/29/11
21
Fix up 01/10/12
42
Rening 02/09/12
30
Lising 03/15/12
35
Escrow 04/23/12
39
Closing 04/26/12
3

2 of 2

larry@IdealHomeBrokers.com
(949) 351-6913