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4206 Tolkien Avenue Las Vegas, NV 89115

3 Beds 1 Baths 1,338 sqft Built 1984

$239,999

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $179.37
  • 3 Days on Market
  • MLS # : 2269991
  • Updated Date : 02/14/2021 at 02:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,338 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

Very Well Maintained Home with a cozy fire place.!! Bathroom and bedroom downstairs and a good size back yard.

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: Alexander Villas Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $77k296k

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

Neighborhood: Alexander Villas Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8541603

* 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
Gwendolyn Woolley Elementary School Primary Regular 747 41 6
Marvin M Sedway Middle School Middle Regular 1,514 52 NA
Mojave High School High Regular 2,311 103 2

Gwendolyn Woolley Elementary School

  • Education Level: Primary
  • # of students: 747
  • # of teachers: 41
6
GreatSchools Rating

Marvin M Sedway Middle School

  • Education Level: Middle
  • # of students: 1,514
  • # of teachers: 52
NA
GreatSchools Rating

Mojave High School

  • Education Level: High
  • # of students: 2,311
  • # of teachers: 103
2
GreatSchools Rating
 

$215,999$263,999$239,999

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$834
Property Tax -$112
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$22

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.

$239,999

PROJECTED PRICE

$1,140

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 13.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$834

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,000
Loan Amount $179,999
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$16,135

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,184

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1253$1,1404$1,2005$1,250
$1,250
RENT COMPS ANALYSIS
  • 4206 Tolkien Avenue Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,338 Sqft ∙ Built 1984 3 beds 1 baths ∙ 1,338 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.85
    •  
  • 3736 Lone Oak Street Las Vegas, NV 1
    • 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1980
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.88
    •  
  • 3926 Tatiana Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,327 Sqft ∙ Built 1984
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.85
    •  
  • 4167 Tolkien Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1984
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 3677 Steinbeck Drive North Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,373 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,373 Sqft ∙ Built 1997
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.91
    •  
PROPERTY LISTING DETAILS
Osbaldo Lopez
1.702.483.8704
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269991
Last Updated: 02/14/2021
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