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4870 Friar Tuck Avenue Las Vegas, NV 89130

4 Beds 3 Baths 3,453 sqft Built 2003

$440,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $127.43
  • 12 Days on Market
  • MLS # : 2268466
  • Updated Date : 02/21/2021 at 03:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,453 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

As you enter this beautiful 3,453 sqft 4 bedroom home you’re greeted with vaulted ceilings in the family and dining room. Gorgeous upgraded flooring takes you to the kitchen overlooking the open living room. The kitchen features an oversized breakfast bar with granite countertops. You’ll also find a bedroom and bathroom downstairs along with a den, perfect for an office, game room, or exercise room. Upstairs you’ll find the primary bedroom with upgraded flooring, a fireplace and huge closet! The bathroom features a separate shower and tub, tons of counter space and vanity. The backyard is your own private oasis with an oversized covered patio and no neighbors behind you or to the right. Rare find with no HOA!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
Kay Carl Elementary School Primary Regular 686 32 4
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kay Carl Elementary School

  • Education Level: Primary
  • # of students: 686
  • # of teachers: 32
4
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,528
Property Tax -$345
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
$93

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.

$440,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$35,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,288

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,1804$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 4870 Friar Tuck Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,453 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,453 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.63
    •  
  • 5405 Coral Gables Drive Las Vegas, NV 1
    • 3 beds 3 baths ∙ 3,369 Sqft ∙ Built 1989 3 beds 3 baths ∙ 3,369 Sqft ∙ Built 1989
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.59
    •  
  • 3625 Pelican Brief Lane North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.68
    •  
  • 5704 Sligo Street Las Vegas, NV 4
    • 5 beds 5 baths ∙ 3,352 Sqft ∙ Built 1997 5 beds 5 baths ∙ 3,352 Sqft ∙ Built 1997
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
  • 4108 Falcons Flight Avenue North Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2005
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.66
    •  
PROPERTY LISTING DETAILS
Maxine Peck
1.702.326.0934
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268466
Last Updated: 02/21/2021
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