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281 Tayman Park Avenue 
Las Vegas, NV
89148
3 Beds 3 Baths 2,071 sqft
Built 2002
INVESTimate
$355,000
List Price
$99,825
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $171.41
- 27 Days on Market
- MLS # : 2217832
- Updated Date : 08/24/2020 at 12:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,071 sqft
- Baths : 3 full
Listing Agent
Vanguard Realty Group Llc
Listing Agent's Description
SW located in Guard Gate Rhodes Ranch community, One bedroom downstairs and two bedroom upstairs, 3 bedrooms + 3 full baths, living and family room, all rooms with ceiling fans, good size lot with patio, beautiful club house with pools, SPAs, Tennis course, indoors basketball court, GYM and more
SEE MORE
- 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: Rhodes Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rhodes Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,310 |
| Property Tax | -$240 | |
| Property Insurance | -$67 | |
| HOA | -$155 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$211
|
||
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.
$355,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 8.79% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
2.58
YEARS SAVED
$8,596
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,724
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
281 Tayman Park Avenue Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,680
- $0.81
-
311 Tayman Park Avenue #na Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002
LEASED 10/29/19- Rent
- Rent Per SQFT
- $1,585
- $0.77
-
291 Waterton Lakes Avenue Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2001
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,745
- $0.84
-
320 Tayman Park Avenue Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2002
LEASED 10/17/19- Rent
- Rent Per SQFT
- $1,750
- $0.85
-
309 Falcons Fire Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2000
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.87
PROPERTY LISTING DETAILS
1.702.769.7282
Vanguard Realty Group Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2217832
Last Updated: 08/24/2020
