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5150 North Tioga Way Las Vegas, NV 89149

5 Beds 4 Baths 4,502 sqft Built 2009

$994,888

List Price

$3,980

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $220.99
  • 3 Days on Market
  • MLS # : 2269184
  • Updated Date : 02/12/2021 at 17:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,502 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

*One of a kind CUSTOM Estate comprised of two 1/2 acre parcels provides a rural feel, zoned for horses yet close to the attributes of city living (1 parcel .46, the other .62 = 1.08 Acres)* The parcels provide options w/ utilities already in place. Enjoy private outdoor living, MTN views & full RV hook ups. Relax in your Master featuring a sitting area w/ fireplace, spacious bath w/ Jacuzzi tub & spa like shower. Enjoy cooking in this gourmet kitchen w/ soft closing cabinets & commercial grade appliances. Laundry room offers a built in desk & room for a 2nd frig/freezer. Cabinetry & closets throughout give ample storage. Expansive high coffered ceilings w/ custom crown molding, chair railing w/ tasteful carpentry trim & finishes. Exterior columns, exquisite custom entry & large covered patio create such elegance. A 4 car garage, storage room, epoxy flooring & evaporative cooler sets this apart. The 4th car garage is pre plumbed & designed for a future retreat w/ mini-kitchen & laundry.

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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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Ruthe Deskin Elementary School Primary Regular 624 36 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Ruthe Deskin Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 36
6
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$895,399$1,094,377$994,888

PURCHASE PRICE

$3,582$4,378$3,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,980
EXPENSES Loan Payment -$3,456
Property Tax -$705
Property Insurance -$114
Property Management Fees -$119
CASH FLOW
-$414

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.

$994,888

PROJECTED PRICE

$3,980

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$269,395

INVESTMENT

$269,395

Down Payment
$248,722
Rehab Estimate
$5,750
Closing Costs
$14,923

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,456

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $248,722
Loan Amount $746,166
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$31,498

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,980

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $4,705

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$3,9803$6,500
$6,500
RENT COMPS ANALYSIS
  • 5150 North Tioga Way Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,502 Sqft ∙ Built 2009 5 beds 4 baths ∙ 4,502 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $3,980
    • $0.88
    •  
  • 7244 Abbeville Meadows Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,458 Sqft ∙ Built 2005 5 beds 3 baths ∙ 4,458 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.58
    •  
  • 8050 Palm Cove Court Las Vegas, NV 3
    • 4 beds 4 baths ∙ 4,317 Sqft ∙ Built 2014 4 beds 4 baths ∙ 4,317 Sqft ∙ Built 2014
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Christina Yeakel
1.702.767.8812
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269184
Last Updated: 02/12/2021
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