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9067 North Tierra Santa Avenue Las Vegas, NV 89129

4 Beds 4 Baths 4,401 sqft Built 2004

$714,990

List Price

$3,600

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $162.46
  • 2 Days on Market
  • MLS # : 2244117
  • Updated Date : 11/02/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,401 sqft
  • Baths : 4 full
Listing Agent

Motion Properties

Listing Agent's Description

Spectacular Backyard 135 foot deep with park behind it. Strip and mountain views from upstairs balcony. Former model with too many upgrades to mention. Park with walking bath, playground equipment. Lone Mountain and Durango Parks 5 minutes away. 5 Minutes to 215 or 95 freeways.

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: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Dean Lamar Allen Elementary School Primary Regular 660 32 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Dean Lamar Allen Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 32
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
 

$643,491$786,489$714,990

PURCHASE PRICE

$3,240$3,960$3,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,600
EXPENSES Loan Payment -$2,638
Property Tax -$417
Property Insurance -$112
Property Management Fees -$119
CASH FLOW
$314

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.

$714,990

PROJECTED PRICE

$3,600

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,222

INVESTMENT

$195,222

Down Payment
$178,748
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $178,748
Loan Amount $536,243
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$92,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,600

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $4,665

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,6003$4,0004$6,500
$6,500
RENT COMPS ANALYSIS
  • 9067 North Tierra Santa Avenue Las Vegas, NV 2
    • 4 beds 4 baths ∙ 4,401 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,401 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.82
    •  
  • 6210 Calm Brook Court Las Vegas, NV 1
    • 4 beds 5 baths ∙ 4,104 Sqft ∙ Built 2001 4 beds 5 baths ∙ 4,104 Sqft ∙ Built 2001
    property image
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.78
    •  
  • 4715 Grand Canyon Drive Las Vegas, NV 3
    • 5 beds 4 baths ∙ 4,473 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,473 Sqft ∙ Built 2002
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.89
    •  
  • 8050 Palm Cove Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 4,317 Sqft ∙ Built 2014 4 beds 4 baths ∙ 4,317 Sqft ∙ Built 2014
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Gregory M Kozlowicz
1.702.355.0988
Motion Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244117
Last Updated: 11/02/2020
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