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10732 Tapestry Winds Street Las Vegas, NV 89141

3 Beds 3 Baths 3,332 sqft Built 2002

$549,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $164.77
  • 4 Days on Market
  • MLS # : 2263752
  • Updated Date : 01/29/2021 at 10:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,332 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lyons Share Real Estate

Listing Agent's Description

Outstanding location in one of the most "desirable" communities in Las Vegas. South of the Strip located in Southern Highlands.

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MARKET HIGHLIGHTS

  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Charles And Phyllis Frias Elementary School Primary Regular 802 41 10
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Charles And Phyllis Frias Elementary School

  • Education Level: Primary
  • # of students: 802
  • # of teachers: 41
10
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,907
Property Tax -$397
Property Insurance -$92
Property Management Fees -$119
CASH FLOW
$36

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$549,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,907

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$38,877

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,550

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,357

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,3003$2,3004$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 10732 Tapestry Winds Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 3,332 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,332 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.77
    •  
  • 10874 Vineyard Pass Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,096 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,096 Sqft ∙ Built 2002
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.69
    •  
  • 10648 San Palatina Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,073 Sqft ∙ Built 2003
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
  • 10633 San Bellacova Court Las Vegas, NV 3
    • 3 beds 4 baths ∙ 3,426 Sqft ∙ Built 2003 3 beds 4 baths ∙ 3,426 Sqft ∙ Built 2003
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.67
    •  
  • 10728 Sleepy Mist Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,352 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,352 Sqft ∙ Built 2002
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
PROPERTY LISTING DETAILS
Randall E Canha
1.702.275.6783
Lyons Share Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263752
Last Updated: 01/29/2021
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