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5514 Moonlight Garden Street Las Vegas, NV 89130

5 Beds 4 Baths 3,248 sqft Built 2008

$499,900

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $153.91
  • 3 Days on Market
  • MLS # : 2278308
  • Updated Date : 03/13/2021 at 16:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,248 sqft
  • Baths : 3 full , 1 half
Listing Agent

Investment Brokers & Assoc

Listing Agent's Description

WOW. Beautiful 3,200+ sqft Home with 5 Bedrooms 3.5 Baths. Master Bedroom downstairs with hardwood flooring, Walk in Closet. Upstairs includes 4 Bedrooms, 2 Full Baths and a HUGE LOFT! Tile through out downstairs. Kitchen with Granite Counter Tops, Stainless steel appliances, and Crown Molding throughout. Separate Laundry Room. 3 Car Garage. Covered Patio with landscaped backyard and synthetic grass. Right across the street from Playground and large spacious grass area. Must see this GEM NOW!

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: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
Ernest May Elementary School Primary Regular 665 33 8
Theron L. Swainston Middle School Middle Regular 1,146 52 NA
Shadow Ridge High School High Regular 2,697 105 6

Ernest May Elementary School

  • Education Level: Primary
  • # of students: 665
  • # of teachers: 33
8
GreatSchools Rating

Theron L. Swainston Middle School

  • Education Level: Middle
  • # of students: 1,146
  • # of teachers: 52
NA
GreatSchools Rating

Shadow Ridge High School

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

$449,910$549,890$499,900

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,736
Property Tax -$353
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
-$159

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.

$499,900

PROJECTED PRICE

$2,140

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.7%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$18,931

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,306

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,1953$2,3004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 5514 Moonlight Garden Street Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.66
    •  
  • 6608 Manzanita Glen Avenue Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,248 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,248 Sqft ∙ Built 2008
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.68
    •  
  • 6509 Taylor Creek Avenue Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,248 Sqft ∙ Built 2008
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
  • 6124 Braeside Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,134 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,134 Sqft ∙ Built 2005
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.73
    •  
  • 5704 Sligo Street Las Vegas, NV 5
    • 5 beds 5 baths ∙ 3,352 Sqft ∙ Built 1997 5 beds 5 baths ∙ 3,352 Sqft ∙ Built 1997
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
PROPERTY LISTING DETAILS
Sean Prose
1.702.580.1678
Investment Brokers & Assoc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278308
Last Updated: 03/13/2021
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