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3208 Tanagrine Drive North Las Vegas, NV 89081

3 Beds 3 Baths 2,714 sqft Built 2004

$445,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $163.96
  • 3 Days on Market
  • MLS # : 2246255
  • Updated Date : 11/06/2020 at 12:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,714 sqft
  • Baths : 3 full
Listing Agent

Windermere Prestige Properties

Listing Agent's Description

Beautiful move-in ready single story home in gated Aliante Community. 3 bedrooms plus 1 Den, 3 full bathrooms. Freshly painted, vaulted ceilings, Tile and laminate hardwood floors. Bright open floor Plan with formal living and dining room, separate from the spacious family room with 3 side fireplace and chandeliers. The stunning kitchen with granite counter tops, walk-in pantry and upgraded cabinets opens to the Family Room, New stainless-steel refrigerator, new dishwasher and garbage disposal. Den w/French doors, perfect for office or entertainment. Huge master bedroom w/window seat. Master bathroom with two vanities, tub and separate shower. Secondary bedroom and Den share full bathroom. Laundry w/front load washer and dryer. 3 car garage w/epoxy floor, sink & tons of cabinets. Large covered patio, landscaped backyard. Easy access to freeway, casino and shopping. Thanks for showing! Submit your Offer!!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,642
Property Tax -$362
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$153

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.

$445,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$20,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,178

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0503$2,0854$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 3208 Tanagrine Drive North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.76
    •  
  • 2816 Tanagrine Drive North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2005
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 3248 Perching Bird North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2006
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,085
    • $0.74
    •  
  • 6528 Button Quail Street North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2005
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 2812 Tropicbird Drive North Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,714 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,714 Sqft ∙ Built 2004
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
PROPERTY LISTING DETAILS
Gilma A Andersen
1.702.742.0969
Windermere Prestige Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246255
Last Updated: 11/06/2020
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