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2363 Moorpark Way Henderson, NV 89014

4 Beds 1 Baths 1,580 sqft Built 1979

$353,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $223.42
  • 3 Days on Market
  • MLS # : 2256683
  • Updated Date : 12/19/2020 at 13:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,580 sqft
  • Baths : 1 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

One Word, AMAZING!!! Awesome Green Valley 4 Bedroom with Full Remodel. Owner has done an Awesome job Upgrading. Stunning Kitchen with Beautiful Upgraded Cabinets, top of the line Quartz Counters, opens to Living room space with brilliant lighting and Dazzling Fireplace. Backyard boasts Sparkling Pool/Spa, Covered Patio, Extra Storage space and great pup area. New 1 Year HVAC Unit! Gorgeous Flooring Throughout. One Bedroom is being used as shoe room. Both bathrooms Beautifully Remodeled. Large garage with Extra Storage space. Charming easy maintenance landscape front and back. This Home is Ready to move in. Come view today. This won't last long!

SEE MORE

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
Nate Mack Elementary School Primary Regular 613 37 9
Barbara And Hank Greenspun Middle School Middle Regular 1,397 55 NA
Green Valley High School High Regular 3,092 122 9

Nate Mack Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 37
9
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
 

$317,700$388,300$353,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,302
Property Tax -$150
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$19

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.

$353,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,295

INVESTMENT

$99,295

Down Payment
$88,250
Rehab Estimate
$5,750
Closing Costs
$5,295

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,250
Loan Amount $264,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$27,118

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,580

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5253$1,5954$1,6105$1,785
$1,785
RENT COMPS ANALYSIS
  • 2363 Moorpark Way Henderson, NV 4
    • 4 beds 1 baths ∙ 1,580 Sqft ∙ Built 1979 4 beds 1 baths ∙ 1,580 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.02
    •  
  • 2817 Albemarle Way Henderson, NV 1
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1988
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
  • 346 Montcliff Avenue Henderson, NV 2
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 1988
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.97
    •  
  • 2412 La Casa Drive Henderson, NV 3
    • 3 beds 1 baths ∙ 1,506 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,506 Sqft ∙ Built 1979
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.06
    •  
  • 2393 Millcroft Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1992
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.02
    •  
PROPERTY LISTING DETAILS
Elaine J Hansen
1.702.768.4556
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256683
Last Updated: 12/19/2020
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