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3566 Tundra Swan Street Las Vegas, NV 89122

6 Beds 4 Baths 3,749 sqft Built 2005

$599,900

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $160.02
  • 9 Days on Market
  • MLS # : 2256605
  • Updated Date : 12/25/2020 at 16:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,749 sqft
  • Baths : 3 full , 1 half
Listing Agent

Help U Sell Integrity Re

Listing Agent's Description

Wow! What an incredible giant home on the very far east side of Las Vegas in a gated neighborhood. 6 bedroom with 1 bedroom downstairs and 3 and 1/2 baths. @ opulent stories with a large wooded spiral staircase and over 3,700 square feet in size. Of course it has a 3 car garage. Gorgeous kitchen with custom cabinets, stainless steel appliances and a magnificent granite counter. Pictures will be coming soon and I will be updating my comments.

SEE MORE

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

Zip Code: 89122

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Zip Code: 89122

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Cynthia Cunningham Elementary School Primary Regular 801 38 4
Kathleen And Tim Harney Middle School Middle Regular 1,845 71 NA
Chaparral High School High Regular 2,270 87 3

Cynthia Cunningham Elementary School

  • Education Level: Primary
  • # of students: 801
  • # of teachers: 38
4
GreatSchools Rating

Kathleen And Tim Harney Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 71
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$2,213
Property Tax -$308
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$470

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$599,900

PROJECTED PRICE

$2,270

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$8,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $2,521

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,4003$2,4954$2,5305$2,650
$2,650
RENT COMPS ANALYSIS
  • 3566 Tundra Swan Street Las Vegas, NV 1
    • 6 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.61
    •  
  • 3770 Tundra Swan Street Las Vegas, NV 2
    • 6 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.64
    •  
  • 3556 Tundra Swan Street Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.67
    •  
  • 3773 Dusky Flycatcher Street Las Vegas, NV 4
    • 6 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.67
    •  
  • 6218 Wood Stork Avenue Las Vegas, NV 5
    • 6 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005 6 beds 4 baths ∙ 3,749 Sqft ∙ Built 2005
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.71
    •  
PROPERTY LISTING DETAILS
Kelly Kuntz
1.702.531.4430
Help U Sell Integrity Re
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256605
Last Updated: 12/25/2020
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