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1959 Moyer Drive Henderson, NV 89074

3 Beds 2 Baths 2,145 sqft Built 1992

INVESTimate

$375,000

List Price

$1,590

$1,431 - $1,749

Rent Est.

$409,688  ( +9.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $174.83
  • 8 Days on Market
  • MLS # : 2223340
  • Updated Date : 08/20/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,145 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

FURNISHED 3BED/3BATH/2CAR GARAGE IN GATED COMMUNITY OF GREEN VALLEY. PROPERTY IS LOCATED NEAR THE COMMUNITY POOL & SPA. OPEN FLOOR PLAN W/ SPACIOUS KITCHEN, BREAKFAST NOOK, & FORMAL DINING AREA. FIREPLACE IN LIVING AREA. SEPARATE LAUNDRY ROOM. LARGE MASTER BEDROOM W/WALK-IN CLOSET. MATER BATHROOM HAS DOUBLE SINKS, SEPARATE SHOWER, AND TUB. PRIVATE YARD W/COVERED PATIO & TILED FLOORING. HOA FEE INCLUDES BASIC ADT ALARM, SEWER, WATER, & TRASH.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $121k340k

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

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10801825

* 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
Selma F. Bartlett Elementary School Primary Regular 682 35 10
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Selma F. Bartlett Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 35
10
GreatSchools Rating

Barbara And Hank Greenspun Middle School

  • Education Level: Middle
  • # of students: 1,397
  • # of teachers: 55
NA
GreatSchools Rating

Green Valley High School

  • Education Level: High
  • # of students: 3,092
  • # of teachers: 122
9
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,384
Property Tax -$191
Property Insurance -$69
HOA -$385
Property Management Fees -$119
CASH FLOW
-$557

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.

$375,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.25%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$69

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5903$1,6504$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 1959 Moyer Drive Henderson, NV 2
    • 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.74
    •  
  • 1936 Altivo Drive #0 Henderson, NV 1
    • 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1992
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.75
    •  
  • 1808 Adonis Henderson, NV 3
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1990
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 231 Borrego Drive Henderson, NV 4
    • 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,145 Sqft ∙ Built 1991
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 198 Kachina Drive Henderson, NV 5
    • 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,213 Sqft ∙ Built 1990
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.90
    •  
PROPERTY LISTING DETAILS
Gilbert G Gildore
1.702.461.8850
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223340
Last Updated: 08/20/2020
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