2684 Bryandouglas Dr 2684 Bryandouglas DrLas Vegas NV 89121

OFFERING MEMORANDUM

2684 Bryandouglas DrCONTENTS

Catherine HydeMutlifamily and Income Property Specialist(702) 408-2289catherine@hyderealestate.comLic: S.70366

We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice.  We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct yourown investigation of the property and transaction.

01 Executive Summary Investment Summary Unit Mix Summary Location Summary

02 Property Description Property Features Aerial Map Property Images

03 On Market Comps On Market Comparables On Market Comparables Summary On Market Comparables Charts On Market Comparables Map

04 Rent Roll Rent Roll

05 Financial Analysis Income & Expense Analysis Advisor Profile

Investment Summary | 2684 Bryandouglas Dr 3

OFFERING SUMMARYADDRESS 2684 Bryandouglas Dr

Las Vegas NV 89121COUNTY ClarkBUILDING SF 3,112 SFLAND SF 1,742LAND ACRES .04NUMBER OF UNITS 4YEAR BUILT 1984YEAR RENOVATED 2010APN 161-08-510-033

FINANCIAL SUMMARYOFFERING PRICE $450,000PRICE PSF $144.60PRICE PER UNIT $112,500NOI (CURRENT) $23,466NOI (Pro Forma) $31,139CAP RATE (CURRENT) 5.21 %CAP RATE (Pro Forma) 6.92 %GRM (CURRENT) 11.56GRM (Pro Forma) 9.52

PROPOSED FINANCINGConventionalLOAN TYPE AmortizedDOWN PAYMENT $112,500LOAN AMOUNT $337,500INTEREST RATE 3.18 %ANNUAL DEBT SERVICE $17,471LOAN TO VALUE 75 %AMORTIZATION PERIOD 30 Years

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2020 Population 31,258 223,657 507,9922020 Median HH Income $39,211 $43,102 $41,8792020 Average HH Income $49,451 $57,691 $57,274

• Gated community of fourplexes with security and on-sitemanagement, mature landscape, two pools and playground. Wellmaintained and fully occupied income generating building with longterm paying tenants. Four units with 2-bedroom, 1-bath, fireplace andprivate washer and dryer. Vaulted ceilings in the upstairs unit. Ownerpays Water & HOA fees. Tenant pays power. Location is central,close to schools and shopping. 6 miles to the south Las Vegas Strip.

UNIT MIX SUMMARYActual Market

Unit Mix # Units Square Feet Current Avg Rent

MonthlyIncome

Market Rent Market Rent PSF MarketIncome

2 bd + 1 ba 4 778 $811.25 $3245 $985 $1.27 $3,940

Totals/Averages 4 778 $811.25 $3245 $985 $1.27 $3,940

Actual Rent PSF

$1.04

$1.04

Location Summary | 2684 Bryandouglas Dr 4

Property Features | 2684 Bryandouglas Dr 5

PROPERTY FEATURESNUMBER OF UNITS 4BUILDING SF 3,112LAND SF 1,742LAND ACRES .04YEAR BUILT 1984YEAR RENOVATED 2010# OF PARCELS 1NUMBER OF STORIES 2NUMBER OF BUILDINGS 1NUMBER OF PARKING SPACES 8+POOL / JACUZZI Community PoolWASHER/DRYER W/D in each unit

Aerial Map | 2684 Bryandouglas Dr 6

Property Images | 2684 Bryandouglas Dr 7

On Market Comparables | 2684 Bryandouglas Dr 8

1

4641 Amberleigh Lane4641 Amberleigh LaneLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

ASKING PRICE $430,000

PRICE/UNIT $107,500

PRICE/SF $138.17

BUILDING SF 3,112

LAND SF 1,307

DAYS ON MARKET 10

DISTANCE 0.2 miles

Price/Unit Range $107,500 - $131,250

LOW HIGH

DOM Range 10 - 97

LOW HIGH

2

2734 Aarondavid Drive2734 Aarondavid DriveLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

ASKING PRICE $480,000

PRICE/UNIT $120,000

PRICE/SF $154.24

BUILDING SF 3,112

LAND SF 1,307

DAYS ON MARKET 97

DISTANCE 0.1 miles

Price/Unit Range $107,500 - $131,250

LOW HIGH

DOM Range 10 - 97

LOW HIGH

On Market Comparables | 2684 Bryandouglas Dr 9

3

4646 Tracylynn Lane4646 Tracylynn LaneLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

ASKING PRICE $525,000

PRICE/UNIT $131,250

PRICE/SF $168.70

BUILDING SF 3,112

LAND SF 1,742

DAYS ON MARKET 48

DISTANCE 0.1 miles

Price/Unit Range $107,500 - $131,250

LOW HIGH

DOM Range 10 - 97

LOW HIGH

S

2684 Bryandouglas Dr2684 Bryandouglas DrLas Vegas, NV 89121

TOTAL UNITS 4

YEAR BUILT 1984

ASKING PRICE $450,000

PRICE/UNIT $112,500

PRICE/SF $144.60

CAP RATE 5.21 %

GRM 11.56

BUILDING SF 3,112

LAND SF 1,742

Cap Rate Range 5.21 % - 5.21 %

LOW HIGH

Price/Unit Range $107,500 - $131,250

LOW HIGH

On Market Comparables Summary | 2684 Bryandouglas Dr 10

PROPERTY Units Built Ask Price Price/Unit PSF DISTANCE (mi)

14641 Amberleigh Lane4641 Amberleigh LaneLas Vegas, NV 89121

4 1984 $430,000 $107,500 $138.17 0.20

22734 Aarondavid Drive2734 Aarondavid DriveLas Vegas, NV 89121

4 1984 $480,000 $120,000 $154.24 0.10

34646 Tracylynn Lane4646 Tracylynn LaneLas Vegas, NV 89121

4 1984 $525,000 $131,250 $168.70 0.10

AVERAGES 4 1984 $478,333 $119,583 $153.71

SUBJECT 4 1984 $450,000 $112,500 $144.60

On Market Comparables Charts | 2684 Bryandouglas Dr 11

On Market Comparables Map | 2684 Bryandouglas Dr 12

# Property Name Address CityS 2684 Bryandouglas Dr 2684 Bryandouglas Dr Las Vegas1 4641 Amberleigh Lane 4641 Amberleigh Lane Las Vegas2 2734 Aarondavid Drive 2734 Aarondavid Drive Las Vegas3 4646 Tracylynn Lane 4646 Tracylynn Lane Las Vegas

Rent Roll | 2684 Bryandouglas Dr 13

Unit Square Feet Unit Mix Monthly Rent PSF Market Rent1 778 2 bd + 1 ba $775 $1 $985.002 778 2 bd + 1 ba $895 $1.15 $985.003 778 2 bd + 1 ba $800 $1.03 $985.004 778 2 bd + 1 ba $775 $1 $985.00

Totals/Averages $3,245 $1.04 $3,940.00

RENT ROLL

Income & Expense Analysis | 2684 Bryandouglas Dr 14

INCOME CURRENT PRO FORMAEffective Gross Income $38,940 $47,280

Less: Expenses $15,474 $16,141

Net Operating Income $23,466 $31,139

Annual Debt Service $17,471 $17,471

Debt Coverage Ratio 1.34 1.78

Cash Flow After Debt Service $5,995 $13,667

Principal Reduction $6,739 $6,739

Total Return 11.3 % $12,733 18.1 % $20,406

EXPENSES CURRENT PRO FORMAReal Estate Taxes $450 $1,799 $450 $1,799

Insurance $300 $1,200 $300 $1,200

Management Fee $779 $3,115 $946 $3,782

Water $300 $1,200 $300 $1,200

HOA $2,040 $8,160 $2,040 $8,160

Total Operating Expense $3,869 $15,474 $4,035 $16,141

Annual Debt Service $4,368 $17,471 $4,368 $17,471

Expense / SF $4.97 $5.18

% of EGI 39.74 % 34.14 %

Per Unit Per Unit

REVENUE ALLOCATIONCURRENT

DISTRIBUTION OF EXPENSESCURRENT

Advisor Profile | 2684 Bryandouglas Dr 15

Catherine HydeMutlifamily and Income Property Specialist

Catherine Hyde is the founder of Hyde Real Estate. Catherine and her team provide expert services to meet the individual needs of each client, including real estate acquisition and

liquidation, marketing, consulting, exterior and interior design to owners, builders and those involved in a variety of real estate transactions. Catherine and her team specialize in

offering integrated real estate practice services ranging from purchases and listings in residential and commercial markets to development and construction.

Certified CRS, RSPS.

2684 Bryandouglas Dr

Catherine HydeMutlifamily and Income Property Specialist (702) 408-2289catherine@hyderealestate.comLic: S.70366

CONFIDENTIALITY and DISCLAIMERThe information contained in the following offering memorandum is proprietary andstrictly confidential. It is intended to be reviewed only by the party receiving it fromCatherine Hyde at Simply Vegas Real Estate and it should not be made available toany other person or entity without the written consent of Catherine Hyde at SimplyVegas Real Estate.

By taking possession of and reviewing the information contained herein the recipientagrees to hold and treat all such information in the strictest confidence. Therecipient further agrees that recipient will not photocopy or duplicate any part of theoffering memorandum. If you have no interest in the subject property, pleasepromptly return this offering memorandum to Catherine Hyde at Simply Vegas RealEstate. This offering memorandum has been prepared to provide summary,unverified financial and physical information to prospective purchasers, and toestablish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligenceinvestigation. Catherine Hyde at Simply Vegas Real Estate has not made anyinvestigation, and makes no warranty or representation with respect to the income orexpenses for the subject property, the future projected financial performance of theproperty, the size and square footage of the property and improvements, thepresence or absence of contaminating substances, PCBs or asbestos, thecompliance with local, state and federal regulations, the physical condition of theimprovements thereon, or financial condition or business prospects of any tenant, orany tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained fromsources we believe reliable; however, Catherine Hyde at Simply Vegas Real Estatehas not verified, and will not verify, any of the information contained herein, nor hasCatherine Hyde at Simply Vegas Real Estate conducted any investigation regardingthese matters and makes no warranty or representation whatsoever regarding theaccuracy or completeness of the information provided. All potential buyers must takeappropriate measures to verify all of the information set forth herein. Prospectivebuyers shall be responsible for their costs and expenses of investigating the subjectproperty.