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11746 Tierney Creek Drive Las Vegas, NV 89183

4 Beds 3 Baths 2,282 sqft Built 2007

$430,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $188.43
  • 1 Days on Market
  • MLS # : 2314271
  • Updated Date : 07/13/2021 at 09:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,282 sqft
  • Baths : 3 full
Listing Agent

Go Global Realty

Listing Agent's Description

TENANT FINALLY OUT! SPACIOUS 2 STORY 4 BEDROOM HOME WITH A LOFT!! DOWNSTAIRS BEDROOM WITH FULL BATH. FORMAL LIVING/DINING AREA, FAMILY ROOM OPENS TO THE KITCHEN FEATURING CORIAN COUNTERS AND TILE FLOOR. MASTER BEDROOM WITH WALK-IN CLOSET. BLINDS THROUGHOUT.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Steve Schorr Elementary School Primary Regular 1,042 54 7
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Steve Schorr Elementary School

  • Education Level: Primary
  • # of students: 1,042
  • # of teachers: 54
7
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,494
Property Tax -$251
Property Insurance -$71
HOA -$60
Property Management Fees -$119
CASH FLOW
-$185

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.

$430,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7853$1,7954$1,8105$1,850
$1,850
RENT COMPS ANALYSIS
  • 11746 Tierney Creek Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.79
    •  
  • 329 Welsh Mist Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,283 Sqft ∙ Built 2007
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 11687 Tierney Creek Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2007
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.78
    •  
  • 238 Bella Matese Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2005
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 216 Del Cira Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2005
    LEASED 04/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
PROPERTY LISTING DETAILS
Laurine Huynh-tran
1.702.839.8091
Go Global Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2314271
Last Updated: 07/13/2021
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