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10802 Moosehead Bay Court Las Vegas, NV 89179

4 Beds 4 Baths 3,168 sqft Built 2017

$449,999

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $142.05
  • 5 Days on Market
  • MLS # : 2249148
  • Updated Date : 11/19/2020 at 15:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,168 sqft
  • Baths : 3 full , 1 half
Listing Agent

Rothwell Gornt Companies

Listing Agent's Description

IMMACULATE HOME IN MOUNTAINS EDGE. THERE ARE DUAL MASTER SUITS. FIRST FLOOR HAS MODERN GREY TILE THROUGHOUT, A IN-LAW SUITE WITH WALK IN CLOSET, DUAL SINKS AND GLASS ENCLOSED SHOWER. ALSO A LARGE DEN THAT LEADS TO YOUR BACK YARD THAT IS BEAUTIFULLY LANDSCAPED WITH TREES, TURF, PAVERS, COVERED PATIO AND SPA! SECOND FLOOR IS A LARGE GREAT ROOM PERFECT FOR ENTERTAINING THAT HAS KITCHEN, WITH WALK IN PANTRY, WHITE CABINETS, STAINLESS APPLIANCES,GRANITE COUNTERS, AND LARGE ISLAND LEADING INTO YOUR DINING AND LIVING AREA THAT HAS PLENTY OF WINDOWS FOR NATURAL LIGHT AND A BALCONY. 3RD FLOOR HAS 3 BEDROOMS WITH A SPLIT FLOOR PLAN. 2 GUEST ROOMS ON ONE SIDE WITH A SMALL LOFT AREA WITH BUILT IN CABINETS IN BETWEEN. THE MASTER BEDROOM HAS A LARGE WALK-IN CLOSET, HIS AND HER SINKS IN THE BATH, A LARGER TUB FOR SOAKING AND A GLASS ENCLOSED SHOWER. THERE ARE CEILING FANS IN EVERY ROOM AND CUSTOM WINDOW COVERINGS.

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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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$404,999$494,999$449,999

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,660
Property Tax -$386
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$64

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.

$449,999

PROJECTED PRICE

$2,190

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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$1.6M

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,499
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$28,591

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,249

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1904$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 10802 Moosehead Bay Court Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,168 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,168 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.69
    •  
  • 10959 Hunting Hawk Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,046 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,046 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.66
    •  
  • 7243 Childers Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,145 Sqft ∙ Built 2007 5 beds 2 baths ∙ 3,145 Sqft ∙ Built 2007
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.67
    •  
  • 10450 Val Piora Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 7288 Crow Canyon Avenue Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,309 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,309 Sqft ∙ Built 2007
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.75
    •  
PROPERTY LISTING DETAILS
Sam Cohen
1.702.884.8276
Rothwell Gornt Companies
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249148
Last Updated: 11/19/2020
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