Stunning view! Huge covered patio with views from Alliante to well south of the strip! You can see the city lights from most of the home and from the large back yard. A fountain, raised seating area and mature landscaping adorn the back yard oasis.
Exclusively Presented By:
JOSHUA AND DUANE
FlipN Magic Holdings LLC
5159929088
flipnmagicllc@gmail.com
Weselldiscountedproperties.com
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PROJECT SUMMARY
2404 N Sierra Sage st
PROJECT SUMMARY - FLIP
PURCHASE/REHAB ASSUMPTIONS
Purchase Price
770,000.00
A
Rehab Cost
70,000.00
B
3,000.00
Total Closing (not inc. Sale) and Holding Costs
C
Total Financing Costs
-
D
Projected Cost of Sale
58,800.00
E
Total Project Cost
901,800.00
(A+B+C+D+E)
Total Amount Financed
-
F
Total Cash Committed
843,000.00
G
RESULTS
Projected Resale Price
980,000.00
H
Total Project Cost
901,800.00
I
Lender Split of Profits
-
J
Flip Profit
78,200.00
K=H-I-J
ROI
9.28%
K/G
Annualized ROI
22.26%
Breakdown of Financing Costs:
Origination/Discount Points
-
Other Closing Costs for Loan
-
Interest on Original Loan
-
Interest on Rehab Money
-
Total Cost of Financing
-
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LENDER FUNDING REQUEST (FLIP EXIT)
Property Address:
Presented by:
2404 N Sierra Sage st
Property City, State, ZIP:
JOSHUA AND DUANE
Las Vegas, NV 89134
Bedrooms: 3 Baths: 2 Sq.Feet: 2181 Built: 1996
FlipN Magic Holdings LLC
Notes:
5159929088
flipnmagicllc@gmail.com
Weselldiscountedproperties.com
PURCHASE/LOAN ASSUMPTIONS
% of ARV
Timeline Assumptions:
980,000.00
After-Repair Value (ARV)
Purchase Price
770,000.00
78.57%
Time to Complete Rehab
3 Months
Rehab Costs
70,000.00
7.14%
Time to Complete Sale
2 Months
Closing/Holding Costs
3,000.00
0.31%
Total Time:
5 Months
Total Funds Needed:
-
-
Points/Interest (Deferred)
-
-
Total Loan Amount
-
-
Points Offered to Lender
3.00%
Interest Rate Offered to Lender
10.00%
Project Description:
Additional Notes:
PROJECTED FINANCIAL RESULTS FOR LENDER:
Total Interest Income
-
Total Income to Lender
-
Cash-on-Cash Return (annualized)
-
Internal Rate of Return (annualized)
-
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CASH FLOW TO LENDER (FLIP EXIT)
JOSHUA AND DUANE
2404 N Sierra Sage st
FlipN Magic Holdings LLC
Las Vegas, NV 89134
5159929088
Points Offered to Lender:
3.00%
Total Interest Income:
0
Interest Rate Offered to Lender:
10.00%
Points, Fees:
0
Total Amount Funded By Lender:
0
Total:
0
0
Total Loan Amount (inc deferred):
Cash-on-Cash Return (annual):
0.00%
IRR (annualized):
0%
Month
0
1
2
3
4
5
6
7
8
Purchase
Purchase Closing Costs Funded
Holding Costs Funded
Origination/Discount Points
Rehab Draws
Interest on Loan (Paid)
Interest on Loan (Deferred)
Interest on Draws (Paid)
Interest on Draws (Deferred)
Total Loan Balance
Payback of the Loan
Cashflows Out
Cashflows In
Net
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Comparable Sales
Property Address:
Presented by:
2404 N Sierra Sage st
Property City, State, ZIP:
JOSHUA AND DUANE
Las Vegas, NV 89134
Bedrooms: 3 Baths: 2 Sq.Feet: 2181 Built: 1996
FlipN Magic Holdings LLC
Notes:
The Comparables are all over the place. Typical for Las Vegas Market. Definitely the sale price can be realized!
5159929088
flipnmagicllc@gmail.com
Weselldiscountedproperties.com
Property Address:
Sales Price
Date Sold
Baths
Beds
Sq. Ft.
$/Sq.
Notes
Dist
1.
2516 Faiss Dr Las Vegas NV
3
2
2,314
3/31/2022
1,000,000
432
0.12
2.
2581 Iron Crest Ln Las Vegas NV
3
3
2,390
3/23/2022
800,000
335
0.53
3.
10936 White Alder Pl Las Vegas NV
4
3
2,390
3/11/2022
850,000
356
0.44
4.
2710 Evolutionary Ln Las Vegas NV
3
3
2,564
2/4/2022
877,490
342
0.45
5.
10941 Fort Valley Ave Las Vegas NV
3
3
2,577
2/28/2022
700,000
272
0.24
6.
10953 Rejuvenate Pl Las Vegas NV
3
3
2,390
1/28/2022
855,000
358
0.47
7.
10800 Clear Meadows Dr Las Vegas NV
3
2
2,176
1/3/2022
715,000
329
0.11
8.
10733 Paradise Point Dr Las Vegas NV
3
3
2,143
12/29/202
720,000
336
0.45
9.
10930 Free Flow Pl Las Vegas NV
3
3
2,564
10/14/202
830,000
324
0.46
Average
816,388
343
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Additional Pictures
City view skyline that can be see from the backyard.
