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229 Moose Lane Las Vegas, NV 89145

3 Beds 2 Baths 1,313 sqft Built 1985

$289,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $220.79
  • 6 Days on Market
  • MLS # : 2262846
  • Updated Date : 01/22/2021 at 21:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,313 sqft
  • Baths : 2 full
Listing Agent

Elite Realty

Listing Agent's Description

GORGEOUS SINGLE LEVEL 3 BEDROOM 2 BATH 2 CAR GARAGE HOME GORGEOUS MOVE IN READY * WOODLOOK TILE FLOORS * CUSTOM TWOTONE PAINT * RAISED 6 PANEL DOORS * UPGRADED BASEBOARDS * SPACIOUS LIVING ROOM * BEAUTIFUL KITCHEN WITH CUSTOM CABINETS WITH WATERFALL GLASS & LOVELY CABINET JEWELRY GRANITE TOPS BUILTIN MICRO STAINLESS SINK & BLACK APPLIANCES * SUNNY DINING AREA & NOOK WITH DOOR TO COVERED PATIO * LARGE PRIMARY BEDROOM WITH BUILTIN CABINETS * BATHROOMS HAVE GRANITE & CUSTOM TILED SURROUNDS* GOOD SIZED SECONDARY BEDROOMS * BACKYARD PATIO AND COVERED PATIO * LOW MAINTENANCE LANDSCAPE & ROCKSCAPE * PLEASE SEE THIS SPECTACULAR HOME FOR YOURSELF !!

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: Angel Park Lindell

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k296k

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

Neighborhood: Angel Park Lindell

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9111606

* 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
Walter Jacobson Elementary School Primary Regular 592 32 7
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

Walter Jacobson Elementary School

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 32
7
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,007
Property Tax -$146
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$6

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.

$289,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 11.1%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$19,846

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,343

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3303$1,3504$1,4005$1,480
$1,480
RENT COMPS ANALYSIS
  • 229 Moose Lane Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.01
    •  
  • 216 Jon Belger Drive Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,214 Sqft ∙ Built 1983
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.07
    •  
  • 413 Europa Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1994
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 8212 Diamond Star Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,408 Sqft ∙ Built 1995
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 108 Roland Wiley Road Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1983
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.01
    •  
PROPERTY LISTING DETAILS
Toni K Smith
1.702.335.0807
Elite Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262846
Last Updated: 01/22/2021
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