Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2324 Tinsley Court Las Vegas, NV 89134

4 Beds 3 Baths 2,080 sqft Built 1992

$400,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $192.31
  • 4 Days on Market
  • MLS # : 2259063
  • Updated Date : 01/08/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,080 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

**OPEN HOUSE SAT. JAN. 9TH 1-3pm**Charming & Very Well Maintained 4 Bedroom 3 Bathroom Home located on Quiet Cul-de-sac w/Excellent Curb Appeal in The Hills at Summerlin. Courtyard Entry, Formal Living and Dining Rooms, Tastefully Updated Kitchen w/Stunning White Granite Countertops. Breakfast Bar, Eat in Kitchen, Large Family Room off Kitchen w/Gas Fireplace. Slider leads out to Backyard w/Covered Patio & Sizable Side Yard w/Manicured Shrubs and Walkways. All 3 Bathrooms have been updated, Owners Suite is Sizable and can accommodate a Sitting area. Guest Rooms are very large. 2 Car Garage, Window Treatments throughout and All Appliances included. Hurry to see this Fantastic Move-in Ready Home before it is gone!!

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: 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,389
Property Tax -$225
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$11

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.

$400,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.45%

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$1.4M

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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$25,829

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,758

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6403$1,7004$1,7505$1,790
$1,790
RENT COMPS ANALYSIS
  • 2324 Tinsley Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.86
    •  
  • 9317 Magic Flower Avenue #- Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 1993
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 9341 Magic Flower Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1992
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.87
    •  
  • 9520 Amber Valley Lane #0 Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 9448 Amber Valley Lane Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1992
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
PROPERTY LISTING DETAILS
Paula M Burlison
1.702.326.4901
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259063
Last Updated: 01/08/2021
BESbswy