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3112 Moongold Court Las Vegas, NV 89134

2 Beds 1 Baths 1,384 sqft Built 1989

INVESTimate

$349,900

List Price

$1,450

$1,305 - $1,595

Rent Est.

$381,566  ( +9.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $252.82
  • 5 Days on Market
  • MLS # : 2224134
  • Updated Date : 08/22/2020 at 12:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,384 sqft
  • Baths : 1 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Make this private home your own. This Unique Home sits on over a 1/3 of an acre lot, with generous living & dining rooms, a spacious kitchen with wonderful counter top space, corion counters, generous cabinetry plus stainless steel appliances. The breakfast nook has been expanded to make a great den, office or craft room. The master suite features a great large addition with additional private access from the front or rear of the home, it's an ideal location for entertaining, private office, gym, man cave or ladies lair. Enjoy the outdoor space under your cover patio and have plenty of extra space with your extended patio slab and walkway. Other great features include bay windows, covered front porch, ceiling fans and plantation shutters. come live the resort style living of Sun City Summerlin with it's golf courses, indoor and outdoor pools, 4 clubhouses, tennis, pickle ball, mini-golf, workout rooms, softball, social clubs for all interests, community restaurants & community theater.

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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: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k328k

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

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10671706

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,305$1,595$1,450

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

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 $1,450
EXPENSES Loan Payment -$1,291
Property Tax -$214
Property Insurance -$54
HOA -$138
Property Management Fees -$119
CASH FLOW
-$366

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.

$349,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.05%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,471

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4503$1,4504$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 3112 Moongold Court Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1989 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 3431 Martin Hall Drive Las Vegas, NV 1
    • 2 beds 3 baths ∙ 1,281 Sqft ∙ Built 1995 2 beds 3 baths ∙ 1,281 Sqft ∙ Built 1995
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.01
    •  
  • 8849 Hampton Green Avenue Las Vegas, NV 2
    • 2 beds 3 baths ∙ 1,347 Sqft ∙ Built 1997 2 beds 3 baths ∙ 1,347 Sqft ∙ Built 1997
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 9328 Fresh Spring Drive #0000 Las Vegas, NV 4
    • 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1992 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1992
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
  • 2508 Desert Sands Drive Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1990 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1990
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
PROPERTY LISTING DETAILS
Alexander J Greiner
1.702.265.4322
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224134
Last Updated: 08/22/2020
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