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35 Tuckaway Court Henderson, NV 89074

4 Beds 3 Baths 2,514 sqft Built 1995

$419,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $167.02
  • 4 Days on Market
  • MLS # : 2248742
  • Updated Date : 11/20/2020 at 22:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,514 sqft
  • Baths : 3 full
Listing Agent

Monopoly Realty & Mgmt Inc

Listing Agent's Description

Popular American West home in highly desired Green Valley! Same owner for the past 25 years, pride of ownership shows! Wonderful curb appeal & situated on a cul-de-sac lot! Open & spacious floorplan! Front formal living room has high ceilings & a fireplace, great for ambiance & those chilly winter nights! Separate family room also has a fireplace & is open to the dining area & gourmet kitchen. Kitchen has granite counters, plenty of cabinet space, a large island & stainless steel appliances! 1 BEDROOM DOWNSTAIRS w/ FULL BATH! Master suite is generously sized to be your daily retreat & has a bathroom w/ a luxuriously upgraded walk-in shower w/ custom travertine stonework, dual shower heads, separate bathtub, double sinks, & heated floors! Upstairs also has 2 oversized secondary bedrooms, a huge loft, & a den that makes for a wonderful office space or hobby room! Custom two tone paint! Tile, hardwood & high quality carpet! Beautiful backyard w/ gazebo, grass, & a dog run! Won't last!

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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: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Green Valley South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801875

* 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
David M. Cox Elementary School Primary Regular 625 32 8
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Coronado High School High Regular 3,240 124 10

David M. Cox Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 32
8
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,549
Property Tax -$239
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$84

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.

$419,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.9%
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-$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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$26,185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,049

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9504$2,0005$2,250
$2,250
RENT COMPS ANALYSIS
  • 35 Tuckaway Court Henderson, NV 2
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 34 Diplomat Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1994
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
  • 17 Bishopsgate Henderson, NV 3
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1995
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 2420 Inspired Court Henderson, NV 4
    • 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,361 Sqft ∙ Built 2003
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 1 Rising Court Henderson, NV 5
    • 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,514 Sqft ∙ Built 1995
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
PROPERTY LISTING DETAILS
Lola Karacsonyi
1.702.400.0612
Monopoly Realty & Mgmt Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248742
Last Updated: 11/20/2020
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