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2084 Tierra Del Verde Street Las Vegas, NV 89156

2 Beds 2 Baths 1,144 sqft Built 2004

$209,900

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $183.48
  • 6 Days on Market
  • MLS # : 2280999
  • Updated Date : 03/24/2021 at 01:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,144 sqft
  • Baths : 2 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

This Is It!! The Home You've Been Looking For At A GREAT PRICE! Open Floor Plan Downstairs. Low Maintenance Landscaping In The Front Yard And A Blank Canvas In The Backyard! Priced To Sell!

SEE MORE

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: Tierra Mesa

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $68k296k

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

Neighborhood: Tierra Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8761603

* 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
Martin Luther King Jr Elementary School Primary Regular 521 31 3
Dr. William H Bob Bailey Middle School Middle Regular 1,202 49 NA
Sunrise Mountain High School High Regular 2,526 113 2

Martin Luther King Jr Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 31
3
GreatSchools Rating

Dr. William H Bob Bailey Middle School

  • Education Level: Middle
  • # of students: 1,202
  • # of teachers: 49
NA
GreatSchools Rating

Sunrise Mountain High School

  • Education Level: High
  • # of students: 2,526
  • # of teachers: 113
2
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$729
Property Tax -$132
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
$161

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$209,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$26,965

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,193

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1903$1,2004$1,2505$1,300
$1,300
RENT COMPS ANALYSIS
  • 2084 Tierra Del Verde Street Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.04
    •  
  • 2173 Tierra Del Verde Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,144 Sqft ∙ Built 2004
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.01
    •  
  • 6201 East Lake Mead Boulevard #270 Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,216 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,216 Sqft ∙ Built 1998
    LEASED 03/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.99
    •  
  • 6168 Bluehill Avenue #1 Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,171 Sqft ∙ Built 2006
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.07
    •  
  • 2360 Grove Leaf Street Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,184 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,184 Sqft ∙ Built 1993
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.10
    •  
PROPERTY LISTING DETAILS
Dennis D Alderman
1.170.257.63522
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280999
Last Updated: 03/24/2021
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