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2317 Tinsley Court Las Vegas, NV 89134

4 Beds 3 Baths 2,080 sqft Built 1992

$309,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

$87,874

Investment Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $148.99
  • 4 Days on Market
  • MLS # : 2256712
  • Updated Date : 12/18/2020 at 17:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,080 sqft
  • Baths : 2 full , 1 half
Listing Agent

Innovative Real Estate Strateg

Listing Agent's Description

2 STORY HOME IN SUMMERLIN! HOME FEATURES 4 SPACIOUS BEDROOMS, 2.5 BATHROOMS, AND 2 CAR GARAGE! THERE IS A LARGE FORMAL LIVING ROOM WITH TILE FLOORING AND A SEPARATE FAMILY ROOM WITH A FIREPLACE AND CEILING FAN. LARGE DINING AREA NEAR THE FAMILY ROOM. THE KITCHEN HAS TILE COUNTER TOPS, TILE FLOORING, BREAKFAST BAR, AND PLENTY OF CABINET SPACE! ALL BEDROOMS ARE UPSTAIRS. MASTER BEDROOM HAS LARGE WALK-IN CLOSET! MASTER BATHROOM FEATURES DOUBLE SINKS AND TUB AND SHOWER COMBO! BIG BACKYARD WITH A DECK, PERFECT FOR ENTERTAINING!

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: The Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k383k

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

Neighborhood: The Hills

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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

FINANCIALS

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$278,910$340,890$309,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,143
Property Tax -$217
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$213

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.

$309,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment		 $77,475
Rehab Estimate		 $5,750
Closing Costs		 $4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$48,362

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT

  • $0.85

    LIST RENT PER SQFT

  • $1,716

    COMP ESTIMATED VALUE

  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6404$1,7005$1,760
$1,760
RENT COMPS ANALYSIS
  • 2317 Tinsley Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.85
    •  
  • 2237 Juniper Berry Drive Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,967 Sqft ∙ Built 1992
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 9317 Magic Flower Avenue #- Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 1993
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 9341 Magic Flower Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1992
    property image
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.87
    •  
  • 9520 Amber Valley Lane #0 Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Brandy J White Elk
1.702.478.2242
Innovative Real Estate Strateg
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256712
Last Updated: 12/18/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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