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35 Moraine Drive Henderson, NV 89052

5 Beds 4 Baths 3,449 sqft Built 2001

$915,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $265.29
  • 11 Days on Market
  • MLS # : 2276168
  • Updated Date : 03/19/2021 at 17:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,449 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

SPARKLING POOL/SPA-IT'S ALMOST SUMMER! ENJOY SHADED AFTERNOONS UNDER THIS OVERSIZED COVERED PATIO. LUSHLY LANDSCAPED. BUILTIN BBQ & SEPARATE GRANITE TOPPED SERVING ISLAND MAKES ENTERTAINING A BREEZE! A SURE-FIRE BESTSELLER! TERRIFIC CURB APPEAL WITH COVERED FRONT PORCH! STYLISH ENTRY FOYER, THIS IS CLASSIFIED AS A FULL OF PIZAZZ FLOORPLAN, ALL NEUTRAL COLORS, NEWER PAINT, 5 TRUE BEDROOMS CHARMING ACCENTS, MASTER HAS DOUBLE DOOR ENTRY, SEPARATE TUB AND SHOWER, DOUBLE SINKS, VANITY & THIS CUSTOMIZED CABINETRY IN WALKIN CLOSET IS ICING ON THE CAKE! COMPLETE OFFICE BUILTINS-IN MASTER RETREAT, ALL BEDROOMS HAVE CUSTOM CLOSETS, CHIC & PRACTICAL ISLAND KITCHEN OVERLOOKS FAMILY ROOM WITH FIREPLACE! GRANITE COUNTERS, DOUBLE DOOR PANTRY. TRAVERTINE & BAMBOO FLOORING, CORNER LOT, WELL PLACED ON A CUL DE SAC STREET!3 CAR GARAGE W/ CONVENIENT STORAGE CABINETS! EASY CARE DESERT & GRASS LANDSCAPING.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k608k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10802696

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$823,500$1,006,500$915,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$3,178
Property Tax -$522
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$533

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.

$915,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$248,225

INVESTMENT

$248,225

Down Payment
$228,750
Rehab Estimate
$5,750
Closing Costs
$13,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,178

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $228,750
Loan Amount $686,250
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$20,173

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,346

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,3803$3,4954$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 35 Moraine Drive Henderson, NV 2
    • 5 beds 4 baths ∙ 3,449 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,449 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $0.98
    •  
  • 2124 Horse Prairie Drive Henderson, NV 1
    • 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2004
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.93
    •  
  • 1327 Coulisse Street Henderson, NV 3
    • 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 2002
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.96
    •  
  • 23 Plum Hollow Drive Henderson, NV 4
    • 4 beds 3 baths ∙ 3,693 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,693 Sqft ∙ Built 2000
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.95
    •  
  • 2196 Big Bar Drive Henderson, NV 5
    • 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,350 Sqft ∙ Built 2006
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Ellen Fahr
1.702.595.4881
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276168
Last Updated: 03/19/2021
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