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2712 Tanagrine Drive North Las Vegas, NV 89084

4 Beds 2 Baths 3,324 sqft Built 2005

$725,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $218.11
  • 9 Days on Market
  • MLS # : 2268400
  • Updated Date : 02/13/2021 at 22:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,324 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

72-hour home sale. Inquire immediately. Alainte Estates is an exclusive gated community near golfing, shopping and countless parks. After adding $500K in upgrades, the sellers are retiring to Arizona. Now you may have a chance to own this exquisitely-designed, custom retreat. Every upgrade is creme de la creme and luxurious touches have been added to every detail. All 4 bedrooms offer views of the award-winning, Trademark Landscapes- imported from Az. The resort-like rear yard steals the show with a built-in Cantera Stone fireplace, a walk-up Bar & BBQ, a Mediterranean-style pond and countless Japanese Blueberries, exotic Palms and other foliage. You will not believe your eyes- it's absolutely breathtaking in the day and dazzling after dark! The Baby Grand piano, entry & dining room chandeliers and most furnishings are negotiable. Call today and schedule a showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k362k

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

Neighborhood: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671963

* 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
Theron And Naomi Goynes Elementary School Primary Regular 896 41 7
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Theron And Naomi Goynes Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
7
GreatSchools Rating

Brian And Teri Cram Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 65
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$2,518
Property Tax -$428
Property Insurance -$92
Property Management Fees -$119
CASH FLOW
-$877

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.

$725,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,102

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,1004$2,2805$2,295
$2,295
RENT COMPS ANALYSIS
  • 2712 Tanagrine Drive North Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,324 Sqft ∙ Built 2005 4 beds 2 baths ∙ 3,324 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.69
    •  
  • 2305 Mountain Rail Drive North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.59
    •  
  • 3409 Perching Bird Lane Lane North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.63
    •  
  • 7038 Pink Flamingos Place North Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.66
    •  
  • 2104 Merganser Court North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,508 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,508 Sqft ∙ Built 2004
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.65
    •  
PROPERTY LISTING DETAILS
Deshaun D Tellez
1.702.885.4383
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268400
Last Updated: 02/13/2021
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