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5932 Tipperary Street Las Vegas, NV 89130

4 Beds 3 Baths 3,453 sqft Built 2003

$515,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $149.15
  • 7 Days on Market
  • MLS # : 2271929
  • Updated Date : 02/23/2021 at 18:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,453 sqft
  • Baths : 3 full
Listing Agent

Congress Realty

Listing Agent's Description

Beautiful 2 story home on a 10,000+ sf corner lot with a pool and spa. No HOA! Views of mountains, wired for surround sound, granite counter tops, laundry room upstairs, huge back yard. All appliances included, with additional security system and outdoor cameras. The house also includes newly updated bathrooms with bowl sinks and waterfall faucets. This house is located in a premiere area that is developing rapidly in Las Vegas.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,789
Property Tax -$391
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$182

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.

$515,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$17,847

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.64

    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$2,2104$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 5932 Tipperary Street 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
    •  
    • $2,210
    • $0.64
    •  
  • 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
Jared A English
1.888.229.2009
Congress Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271929
Last Updated: 02/23/2021
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