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6591 Moss Agate Drive Las Vegas, NV 89131

4 Beds 3 Baths 3,350 sqft Built 2005

$680,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $202.99
  • 2 Days on Market
  • MLS # : 2278511
  • Updated Date : 03/14/2021 at 02:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,350 sqft
  • Baths : 3 full
Listing Agent

Select Properties Group

Listing Agent's Description

Beautiful lightly lived in half acre home on a corner lot of a quiet cul-de-sac in the desirable neighborhood of Elkhorn Ponderosa! The home's clean exterior is complimented by an elongated curved driveway into a massive three car garage with beautiful flooring. The interior of your next home comes equipped with a gourmet kitchen outfitted with a butlers pantry, double oven, large gas cooktop with oversized island and breakfast bar. The interior also contains very spacious bedrooms, upgraded bathrooms and tons of entertaining space. The rear of this rare property is ready for you to make your own! See today!

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Joseph Neal Steam Academy Primary Regular 688 34 5
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Joseph Neal Steam Academy

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 34
5
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
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,362
Property Tax -$432
Property Insurance -$92
Property Management Fees -$119
CASH FLOW
-$505

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.

$680,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$9,409

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,764

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,6504$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 6591 Moss Agate Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,350 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,350 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 6000 Blowing Bellows Street #0 Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,091 Sqft ∙ Built 1997 4 beds 2 baths ∙ 3,091 Sqft ∙ Built 1997
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.81
    •  
  • 6159 Villa De Picasso Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,489 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,489 Sqft ∙ Built 2005
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.76
    •  
  • 6613 Grand Stand Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,345 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,345 Sqft ∙ Built 2003
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.90
    •  
  • 5810 Majestic Tide Avenue Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,596 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,596 Sqft ∙ Built 2001
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
PROPERTY LISTING DETAILS
Joseph W Cline
1.702.403.7825
Select Properties Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278511
Last Updated: 03/14/2021
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