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6576 Moonshadow Circle Las Vegas, NV 89108

3 Beds 2 Baths 2,574 sqft Built 1989

$404,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $157.30
  • 5 Days on Market
  • MLS # : 2262938
  • Updated Date : 01/22/2021 at 02:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,574 sqft
  • Baths : 2 full
Listing Agent

Urban Nest Realty

Listing Agent's Description

This beautiful 3 BR/3 BA is just over 2,500 square feet with a 3 car garage on a larger corner lot. Sit in the front courtyard and enjoy the beautiful landscaping throughout the property. The bright entry opens to vaulted ceilings, a beautiful staircase, formal living & dining room. The kitchen has granite backsplash and countertops, breakfast bar, crown molding and garden window overlooking backyard. Enjoy your own private yard with a beautiful pool, spa, covered patio and nice sized side-yard. Family Room w/crown molding, fireplace & laminate wood floors. The den downstairs is a 4th bedroom possibility, one full bath down! Upstairs you have a huge primary bedroom w/walk-in closet, and a remodeled en-suite w/dual sinks, an oversized walk-in shower & new tile floors. Also upstairs are two additional bedrooms and a full bath. 2 A/C units were purchased in 2018. Ceiling fans throughout. Garage with cabinets that stay. Community amenities included in HOA.

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Zip Code: 89108

ZipNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9121603

* 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
Berkley Bunker Elementary School Primary Regular 746 39 4
J. Harold Brinley Middle School Middle Regular 914 41 NA
Cimarron Memorial High School High Regular 2,541 102 3

Berkley Bunker Elementary School

  • Education Level: Primary
  • # of students: 746
  • # of teachers: 39
4
GreatSchools Rating

J. Harold Brinley Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 41
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$364,410$445,390$404,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,406
Property Tax -$251
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
$17

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$404,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,049

INVESTMENT

$113,049

Down Payment
$101,225
Rehab Estimate
$5,750
Closing Costs
$6,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,406

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,225
Loan Amount $303,675
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$24,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,995

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8703$1,9954$2,3005$2,325
$2,325
RENT COMPS ANALYSIS
  • 6576 Moonshadow Circle Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,574 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,574 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.73
    •  
  • 6565 Avon Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1988
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
  • 3416 North Tenaya Way #0 Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1989
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
  • 7609 Belmondo Lane Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,663 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,663 Sqft ∙ Built 1991
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.86
    •  
  • 7912 Marbella Circle Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1995
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jasmine N Bega
1.702.417.0884
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262938
Last Updated: 01/22/2021
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