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4713 Tamalpias Avenue Las Vegas, NV 89120

2 Beds 2 Baths 1,200 sqft Built 1971

$155,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $129.17
  • 5 Days on Market
  • MLS # : 2251317
  • Updated Date : 12/04/2020 at 12:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Robinson Realty & Management

Listing Agent's Description

Loads of potential in this single story home located in a prime east valley location just a few streets away from Henderson! This home is fully fenced with a automative gate at the driveway leading to the one car garage. Open floorplan with double slider doors from dining and living room just off the kitchen. The kitchen has an island for serving or grubbing with a built in storage system. Enjoy all the natural sunlight shining in via the skylights throughout! Look past the little blemishes and imagine what you can do with your HGTV inspired skills to this beautiful property! Anothers loss is your gain! Welcome home!

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
H A Harmon Elementary School Primary Regular 770 48 3
Francis Cortney Middle School Middle Regular 1,235 52 NA
Del Sol High School High Regular 2,051 73 2

H A Harmon Elementary School

  • Education Level: Primary
  • # of students: 770
  • # of teachers: 48
3
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$139,500$170,500$155,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$572
Property Tax -$84
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$294

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.

$155,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,750
Loan Amount $116,250
See What Happens When You Reinvest Cash Flow

14.42

YEARS SAVED

$42,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,155

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0503$1,1004$1,1205$1,200
$1,200
RENT COMPS ANALYSIS
  • 4713 Tamalpias Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.93
    •  
  • 5038 Mountain Vista Street #0 Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1972
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.99
    •  
  • 4713 Mill Valley Drive Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,010 Sqft ∙ Built 1972
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.04
    •  
  • 5038 Marin Street #3 Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1973
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.92
    •  
  • 5691 Hobble Creek Drive Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1986
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
PROPERTY LISTING DETAILS
Erica Jade
1.702.208.5118
Robinson Realty & Management
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251317
Last Updated: 12/04/2020
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