6217 Yerba Lane | 6217 Yerba Lane, Las Vegas, NV, 89108

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6217 Yerba LaneCONTENTS

International Realty

Joshua Michaely Nancy Hevia(702) 742-1234 (702) 781-3117josh@intrealtylv.com nancy@intrealtylv.com

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 4 Unit Mix Summary 5 Location Summary 6

02 Rent Roll Rent Roll 7

03 Financial Analysis Income & Expense Analysis 8 Multiyear Cash Flow Assumptions 9 Cash Flow Analysis 10 Disposition Sensitivity Analysis 12

04 Demographics Demographics 13 Demographic Charts 15

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from International Realty LV and itshould not be made available to any other person or entity without the written consent of International Realty LV. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees thatrecipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to InternationalRealty LV. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level ofinterest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. International Realty LV has not made any investigation, and makes no warranty or representationwith respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, thepresence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financialcondition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe reliable; however, International Realty LV has not verified, and will not verify, any of theinformation contained herein, nor has International Realty LV conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy orcompleteness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costsand expenses of investigating the subject property.

6217 Yerba Lane Confidentiality and Disclaimer | 03

CONFIDENTIALITY AND DISCLAIMER

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONTACT INTERNATIONAL REALTY LV FOR MORE DETAILS.Copyright © 2020 CREOP, LLC. All Rights Reserved.

6217 Yerba Lane Investment Summary | 04

OFFERING SUMMARYADDRESS 6217 Yerba Lane

Las Vegas NV 89108APN 138-23-711-039OWNERSHIP TYPE Fee Simple

FINANCIAL SUMMARYOFFERING PRICE $489,000OCCUPANCY 100.00 %NOI (CURRENT) $39,215CAP RATE (CURRENT) 8.02 %GRM (CURRENT) 11.31GRM (Pro Forma) 10.30

PROPOSED FINANCINGLOAN TYPE AmortizedDOWN PAYMENT $97,800LOAN AMOUNT $391,200INTEREST RATE 3.25 %LOAN TERMS 30ANNUAL DEBT SERVICE $20,431LOAN TO VALUE 80 %AMORTIZATION PERIOD 30 Years

DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 32,030 197,963 450,1142019 Median HH Income $44,557 $50,464 $54,3582019 Average HH Income $55,943 $65,572 $74,345

6217 Yerba Lane Unit Mix Summary | 05

Unit Mix # Units Square Feet Current Rent Rent PSF Monthly Income2 bd + 2 ba 4 980 $885 $0.90 $3,540

Totals/Averages 4 980 $885 $0.90 $3,540

6217 Yerba Lane Location Summary | 06

6217 Yerba Lane Rent Roll | 07

Unit Square Feet Unit Mix Monthly Rent PSFA 980 2 bd + 2 ba $885 $0.90B 980 2 bd + 2 ba $885 $0.90C 980 2 bd + 2 ba $885 $0.90D 980 2 bd + 2 ba $885 $0.90

Totals/Averages $3,540 $0.90

6217 Yerba Lane Income & Expense Analysis | 08

INCOME CURRENT

Gross Potential Rent $42,480

Other Income $750

Effective Gross Income $43,230

Less: Expenses $4,015

Net Operating Income $39,215

Principal Reduction $7,717

Total Return 27.1 % $26,501

EXPENSES CURRENT

Real Estate Taxes $1,785

Water / Sewer $1,550

Utilities $680

Total Operating Expense $4,015

Annual Debt Service $20,431

% of EGI 9.29 %

REVENUE ALLOCATION

DISTRIBUTION OF EXPENSES

6217 Yerba Lane Multiyear Cash Flow Assumptions | 09

GLOBALOffering Price $489,000Analysis Period 10 year(s)Consumer Price Index 10.00 %Exit Cap Rate 7.00 %

INCOMEGross Potential Rent 10.00 %

PROPOSED FINANCINGLoan Type AmortizedDown Payment $97,800Loan Amount $391,200Interest Rate 3.25 %Loan Terms 30Annual Debt Service $20,431Loan to Value 80 %Amortization Period 30 Years

6217 Yerba Lane Cash Flow Analysis | 10

CASH FLOWCalendar Year CURRENT Pro Forma Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Gross Potential RevenueGross Rental Income $42,480 $46,728 $51,401 $56,541 $62,195 $68,414 $75,256 $82,782 $91,060 $100,166Other Income $750 $750 $750 $750 $750 $750 $750 $750 $750 $750Gross Potential Income $43,230 $47,478 $52,151 $57,291 $62,945 $69,164 $76,006 $83,532 $91,810 $100,916Effective Gross Income $43,230 $47,478 $52,151 $57,291 $62,945 $69,164 $76,006 $83,532 $91,810 $100,916Operating ExpensesReal Estate Taxes $1,785 $1,785 $1,785 $1,785 $1,785 $1,785 $1,785 $1,785 $1,785 $1,785Water / Sewer $1,550 $1,550 $1,550 $1,550 $1,550 $1,550 $1,550 $1,550 $1,550 $1,550Utilities $680 $680 $680 $680 $680 $680 $680 $680 $680 $680Total Operating Expense $4,015 $4,015 $4,015 $4,015 $4,015 $4,015 $4,015 $4,015 $4,015 $4,015Net Operating Income $39,215 $43,463 $48,136 $53,276 $58,930 $65,149 $71,991 $79,517 $87,795 $96,901Annual Debt Service $20,431 $20,431 $20,431 $20,431 $20,431 $20,431 $20,431 $20,431 $20,431 $20,431Cash Flow $18,784 $23,032 $27,705 $32,845 $38,499 $44,719 $51,560 $59,086 $67,364 $76,470

Effective Gross Income vs Operating Expenses Cash Flow

6217 Yerba Lane Cash Flow Analysis | 11

Calendar Year CURRENT Pro Forma Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10Financial MetricsCash on Cash Return b/t 19.21 % 23.55 % 28.33 % 33.58 % 39.37 % 45.72 % 52.72 % 60.41 % 68.88 % 78.19 %CAP Rate 8.02 % 8.89 % 9.84 % 10.89 % 12.05 % 13.32 % 14.72 % 16.26 % 17.95 % 19.82 %Debt Coverage Ratio 1.92 2.13 2.36 2.61 2.88 3.19 3.52 3.89 4.30 4.74Operating Expense Ratio 9.28 % 8.45 % 7.69 % 7.00 % 6.37 % 5.80 % 5.28 % 4.80 % 4.37 % 3.97 %Gross Multiplier (GRM) 11.31 10.30 9.38 8.54 7.77 7.07 6.43 5.85 5.33 4.85Loan to Value 80.01 % 78.41 % 76.71 % 74.99 % 73.25 % 71.42 % 69.54 % 67.59 % 65.57 % 63.52 %Breakeven Ratio 56.55 % 51.49 % 46.87 % 42.67 % 38.84 % 35.34 % 32.16 % 29.27 % 26.63 % 24.22 %

6217 Yerba Lane Disposition Sensitivity Analysis | 12

5 YEAR SENSITIVITY ANALYSISEXIT CAP RATE PROJECTED SALES

PRICESALES PRICE/UNIT SALES PRICE PSF PROCEEDS AFTER

LOAN PAYOFFIRR

6.00% $982,166 $0 $982,166 $627,737 59.29%6.25% $942,879 $0 $942,879 $588,451 57.71%6.50% $906,615 $0 $906,615 $552,186 56.19%6.75% $873,037 $0 $873,037 $518,608 54.72%7.00% $841,857 $0 $841,857 $487,428 53.30%7.25% $812,827 $0 $812,827 $458,398 51.93%7.50% $785,733 $0 $785,733 $431,304 50.59%7.75% $760,387 $0 $760,387 $405,958 49.29%8.00% $736,625 $0 $736,625 $382,196 48.02%

10 YEAR SENSITIVITY ANALYSISEXIT CAP RATE PROJECTED SALES

PRICESALES PRICE/UNIT SALES PRICE PSF PROCEEDS AFTER

LOAN PAYOFFIRR

6.00% $1,615,010 $0 $1,615,010 $1,293,897 44.00%6.25% $1,550,410 $0 $1,550,410 $1,229,296 43.58%6.50% $1,490,779 $0 $1,490,779 $1,169,665 43.18%6.75% $1,435,565 $0 $1,435,565 $1,114,451 42.80%7.00% $1,384,295 $0 $1,384,295 $1,063,181 42.44%7.25% $1,336,560 $0 $1,336,560 $1,015,447 42.09%7.50% $1,292,008 $0 $1,292,008 $970,894 41.76%7.75% $1,250,331 $0 $1,250,331 $929,217 41.44%8.00% $1,211,258 $0 $1,211,258 $890,144 41.13%

6217 Yerba Lane Demographics | 13

POPULATION 1 MILE 3 MILE 5 MILE

2000 Population 29,226 177,768 384,578

2010 Population 29,792 184,581 418,034

2019 Population 32,030 197,963 450,114

2024 Population 33,882 209,575 477,476

2019 African American 5,088 30,406 76,488

2019 American Indian 238 1,633 3,223

2019 Asian 1,543 11,092 32,069

2019 Hispanic 15,456 80,557 153,627

2019 Other Race 7,740 39,395 74,347

2019 White 15,174 101,768 234,899

2019 Multiracial 1,991 12,207 25,867

2019-2024: Population: Growth Rate 5.65 % 5.75 % 5.95 %

2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE

less than $15,000 1,112 7,869 17,785

$15,000-$24,999 1,341 7,269 14,888

$25,000-$34,999 1,299 7,533 16,264

$35,000-$49,999 2,159 11,952 23,895

$50,000-$74,999 2,168 13,846 31,907

$75,000-$99,999 1,374 9,580 21,542

$100,000-$149,999 843 7,864 20,214

$150,000-$199,999 213 2,261 7,632

$200,000 or greater 92 1,867 7,123

Median HH Income $44,557 $50,464 $54,358

Average HH Income $55,943 $65,572 $74,345

HOUSEHOLDS 1 MILE 3 MILE 5 MILE

2000 Total Housing 11,100 69,496 152,597

2010 Total Households 10,038 66,083 151,402

2019 Total Households 10,601 70,042 161,251

2024 Total Households 11,157 73,852 170,508

2019 Average Household Size 3.00 2.81 2.75

2000 Owner Occupied Housing 5,208 38,336 88,771

2000 Renter Occupied Housing 5,316 26,805 53,497

2019 Owner Occupied Housing 4,517 33,820 85,796

2019 Renter Occupied Housing 6,084 36,222 75,455

2019 Vacant Housing 1,429 8,518 20,661

2019 Total Housing 12,030 78,560 181,912

2024 Owner Occupied Housing 4,861 36,425 92,416

2024 Renter Occupied Housing 6,296 37,427 78,092

2024 Vacant Housing 1,477 8,820 21,385

2024 Total Housing 12,634 82,672 191,893

2019-2024: Households: Growth Rate 5.15 % 5.30 % 5.60 %

Source: esri

6217 Yerba Lane Demographics | 14

2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2019 Population Age 30-34 2,575 14,559 31,605

2019 Population Age 35-39 2,227 13,232 28,737

2019 Population Age 40-44 1,893 11,735 26,769

2019 Population Age 45-49 1,911 12,023 28,263

2019 Population Age 50-54 1,788 12,085 28,628

2019 Population Age 55-59 1,759 12,248 29,332

2019 Population Age 60-64 1,551 11,231 27,247

2019 Population Age 65-69 1,252 9,624 23,840

2019 Population Age 70-74 1,024 7,614 19,641

2019 Population Age 75-79 679 5,226 13,681

2019 Population Age 80-84 424 3,470 9,010

2019 Population Age 85+ 378 3,219 8,287

2019 Population Age 18+ 23,511 151,068 350,572

2019 Median Age 33 36 38

2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $46,669 $51,396 $53,563

Average Household Income 25-34 $57,184 $64,236 $67,724

Median Household Income 35-44 $46,907 $53,666 $58,594

Average Household Income 35-44 $60,803 $71,969 $80,456

Median Household Income 45-54 $53,056 $60,285 $66,993

Average Household Income 45-54 $64,308 $77,723 $90,913

Median Household Income 55-64 $49,453 $54,894 $59,897

Average Household Income 55-64 $57,596 $69,394 $81,661

Median Household Income 65-74 $38,156 $43,860 $51,402

Average Household Income 65-74 $48,828 $59,596 $69,490

Average Household Income 75+ $37,944 $44,637 $51,247

2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE

2024 Population Age 30-34 2,769 16,419 36,821

2024 Population Age 35-39 2,502 14,675 32,629

2024 Population Age 40-44 2,180 13,225 29,684

2024 Population Age 45-49 1,842 11,728 26,934

2024 Population Age 50-54 1,813 12,028 28,298

2024 Population Age 55-59 1,710 11,712 27,988

2024 Population Age 60-64 1,664 11,998 29,086

2024 Population Age 65-69 1,382 10,744 26,650

2024 Population Age 70-74 1,127 8,712 22,310

2024 Population Age 75-79 852 6,592 17,355

2024 Population Age 80-84 522 4,251 11,049

2024 Population Age 85+ 421 3,629 9,479

2024 Population Age 18+ 24,828 159,714 372,076

2024 Median Age 33 37 39

2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE

Median Household Income 25-34 $52,571 $58,003 $60,089

Average Household Income 25-34 $65,302 $74,116 $77,933

Median Household Income 35-44 $54,715 $63,798 $70,939

Average Household Income 35-44 $71,947 $84,077 $93,432

Median Household Income 45-54 $58,192 $69,376 $76,734

Average Household Income 45-54 $74,026 $90,310 $103,345

Median Household Income 55-64 $54,648 $62,332 $68,872

Average Household Income 55-64 $67,167 $80,890 $93,862

Median Household Income 65-74 $43,426 $52,167 $57,728

Average Household Income 65-74 $57,237 $70,452 $80,713

Average Household Income 75+ $43,491 $53,329 $60,218

6217 Yerba Lane Demographic Charts | 15

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2019 Population by Race

6217 Yerba Lane Demographic Charts | 16

2019 Household Occupancy - 1 Mile Radius

Average Income Median Income

2019 Household Income Average and Median

6217 Yerba Lane

International Realty

Joshua Michaely Nancy Hevia(702) 742-1234 (702) 781-3117josh@intrealtylv.com nancy@intrealtylv.com

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