Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9132 Tolford Avenue Las Vegas, NV 89148

5 Beds 3 Baths 1,845 sqft Built 2006

$355,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $192.41
  • 7 Days on Market
  • MLS # : 2262806
  • Updated Date : 01/28/2021 at 02:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,845 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Titans

Listing Agent's Description

BEAUTIFUL 5 BEDROOM 3 BATHROOM HOME WITH MOINTAIN VIEWS IN THE DESIRABLE MOUNTAINS EDGE AREA. THIS PROPERTY IS IN A CUL DE SAC AND HAS NO MASTER PLAN FEE. THERE IS GUEST BEDROOM DOWNSTAIRS AND THE PROPERTY HAS WOOD LAMINATE THROUGHOUT. THIS HOME HAS A VERY SPACIOUS YARD AND IS CLOSE TO SHOPPING, SCHOOLS AND PARKS. MUST SEE!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Robert L. Forbuss Elementary School Primary Regular 1,163 56 7
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Robert L. Forbuss Elementary School

  • Education Level: Primary
  • # of students: 1,163
  • # of teachers: 56
7
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,233
Property Tax -$221
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$96

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.

$355,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,663

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,485

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,5004$1,5005$1,540
$1,540
RENT COMPS ANALYSIS
  • 9132 Tolford Avenue Las Vegas, NV 5
    • 5 beds 3 baths ∙ 1,845 Sqft ∙ Built 2006 5 beds 3 baths ∙ 1,845 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.83
    •  
  • 9116 Westchester Hill Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 9150 Mackanos Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 2005
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 9036 Tolford Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 2006
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 9153 Whatley Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 2006
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
PROPERTY LISTING DETAILS
Perla Y Herrera
1.702.277.4994
Re/max Titans
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262806
Last Updated: 01/28/2021
BESbswy