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3713 Moonshine Falls Avenue North Las Vegas, NV 89085

4 Beds 3 Baths 3,032 sqft Built 2007

$415,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $136.87
  • 2 Days on Market
  • MLS # : 2269645
  • Updated Date : 02/13/2021 at 21:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,032 sqft
  • Baths : 3 full
Listing Agent

Simply Vegas

Listing Agent's Description

Welcome to this fabulous two-story home in gated community waterfall with community pools and parks and playgrounds. This gorgeous home is adorned with tile floors, vaulted ceiling‘s, custom paint, formal living room, formal dining room, large family room with a roaring fireplace, beautiful open kitchen with granite countertops, stainless steel appliances, upgraded cabinets, downstairs bedroom and bath upstairs huge guest room. Oversized primary bedroom with sitting area. Primary bath has dual sinks, Roman tub, walk in shower, large walk-in closet, and balcony. In the backyard enjoy a covered patio and a huge corner lot. Home is also adorned with a gorgeous courtyard. Welcome home.

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: Nelson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $110k422k

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

Neighborhood: Nelson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9671875

* 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
Vincent L. Triggs Elementary School Primary Regular 761 40 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Vincent L. Triggs Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 40
7
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,441
Property Tax -$358
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$234

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.

$415,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.2%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$8,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,9003$1,9504$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 3713 Moonshine Falls Avenue North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.58
    •  
  • 4059 Lower Saxon Avenue North Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,170 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,170 Sqft ∙ Built 2006
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.60
    •  
  • 3716 Kettle Falls Avenue North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2006
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.64
    •  
  • 3916 Piedra Falls Court North Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,033 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,033 Sqft ∙ Built 2006
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.66
    •  
  • 3916 Lower Saxon Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 3,033 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,033 Sqft ∙ Built 2007
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.66
    •  
PROPERTY LISTING DETAILS
Jillian M Batchelor
1.702.595.8036
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269645
Last Updated: 02/13/2021
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