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8317 Tide Pool Drive Las Vegas, NV 89128

3 Beds 2 Baths 2,185 sqft Built 1989

$430,000

List Price

$1,780

$1.6K - $2K

Rent Est.

$119,700

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $196.80
  • 4 Days on Market
  • MLS # : 2280067
  • Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,185 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

If you have been looking for an excellent investment opportunity in Desert Shores this 3bd / 3 ba gem is not to be overlooked. Formal living room and dining room has high vaulted ceilings large window and lots of light. Separate kitchen opens to the family room with fireplace. Kitchen features nice cabinets and granite countertops. Downstairs features separate laundry room and 3/4 bathroom. Go upstairs to the spacious primary bedroom which features vaulted ceiling and attached seating area, custom finished private bathroom . Corner lot, nice private fenced backyard, no neighbors behind. Please do not disturb tenants. Photos taken before tenant occupancy. Contact your favorite Las Vegas agent for more information.

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761945

* 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
Dorothy Eisenberg Elementary School Primary Regular 609 33 6
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Dorothy Eisenberg Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
6
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$387,000$473,000$430,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,494
Property Tax -$202
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$104

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.

$430,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment		 $107,500
Rehab Estimate		 $5,750
Closing Costs		 $6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,489

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT

  • $0.81

    LIST RENT PER SQFT

  • $1,977

    COMP ESTIMATED VALUE

  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7803$1,8504$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 8317 Tide Pool Drive Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,185 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.81
    •  
  • 3045 Marsh Court Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1989
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 3100 Point Sal Circle Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,207 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,207 Sqft ∙ Built 1994
    property image
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
  • 2852 Soft Sun Circle Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1990
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.97
    •  
  • 8100 Greenwich Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,251 Sqft ∙ Built 1996
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Christine Ong
1.702.292.9992
Signature Real Estate Group
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280067
Last Updated: 03/21/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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