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

156 Tad Moore Avenue Las Vegas, NV 89148

4 Beds 4 Baths 3,699 sqft Built 2003

$625,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $168.96
  • 2 Days on Market
  • MLS # : 2276342
  • Updated Date : 03/07/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,699 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

Stunning home with 4 Bed / 3.50 Bath-2 Story in Rhodes Ranch, as well as a 3 car garage. Enjoy all the amenities afforded residents of Rhodes Ranch! A guard-gated community in southwest Las Vegas surrounding a well-manicured golf course. Fabulous open floor plan, featuring 2 master bedrooms, 1 downstairs and 1 upstairs, each with adjoining master baths. Soaring, vaulted ceilings greet you in the formal living and space. The chef's kitchen opens to the grand dining room with lovely access to the backyard & pool. The kitchen features granite countertops, grill stovetop, double oven, and island for extra prep and storage space. New flooring has been installed on the entire downstairs and second floor. Upstairs has 2 additional bedrooms with shared bathroom.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,171
Property Tax -$417
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
$155

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.

$625,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$54,746

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,070

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,6953$2,8504$2,9605$3,500
$3,500
RENT COMPS ANALYSIS
  • 156 Tad Moore Avenue Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,699 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,699 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $0.80
    •  
  • 61 Rancho Maria Street Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,715 Sqft ∙ Built 2002 5 beds 2 baths ∙ 3,715 Sqft ∙ Built 2002
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.73
    •  
  • 41 Chateau Whistler Las Vegas, NV 2
    • 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2002 5 beds 5 baths ∙ 3,433 Sqft ∙ Built 2002
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 156 Honors Course Drive Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,428 Sqft ∙ Built 2007
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.83
    •  
  • 189 White Mule Avenue Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,602 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,602 Sqft ∙ Built 2015
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Nancy Li
1.702.353.0529
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276342
Last Updated: 03/07/2021
BESbswy