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6831 Moorland Street North Las Vegas, NV 89084

4 Beds 4 Baths 3,472 sqft Built 2019

INVESTimate

$499,999

List Price

$2,170

$1,953 - $2,387

Rent Est.

$555,549  ( +11.11%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Built In 2019
  • Price/Sqft : $144.01
  • 9 Days on Market
  • MLS # : 2223101
  • Updated Date : 08/18/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,472 sqft
  • Baths : 3 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

STUNNING 2 STORY, 4 BEDROOM HOME LOCATED IN THE NORTH. 4 BEDROOMS 3 1/2 BATHS. OPEN FLOOR PLAN WITH LOTS OF UPGRADES, AN ENTERTAINERS DELIGHT! LARGE MASTER BEDROOM LOCATED DOWNSTAIRS THAT FEATURES A LARGE WALK IN CLOSET AND SEPARATE TUB & SHOWER. KITCHEN FEATURES SS APPLIANCES AND LARGE ISLAND. WATER SOFTENER AND DRINKING WATER SYSTEM (H2O TO GO- CUSTOM 4000 SYSTEM). BOSE SURROUND SOUND. CEILING FANS IN MOST ROOMS. 3 CAR TANDEM GARAGE WITH FINISHED INTERIOR & STORAGE. MUCH MUCH MORE! THIS IS A MUST SEE AND WON'T LAST LONG!

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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: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: North Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Don E. Hayden Elementary School Primary Regular 702 38 6
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Don E. Hayden Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 38
6
GreatSchools Rating

Brian And Teri Cram Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 65
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$449,999$549,999$499,999

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,845
Property Tax -$451
Property Insurance -$94
HOA -$27
Property Management Fees -$119
CASH FLOW
-$366

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$499,999

PROJECTED PRICE

$2,170

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.11%
Maintenance Year (1-5) 3.00%
Vacancy 8.50%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,500

INVESTMENT

$134,500

Down Payment
$125,000
Rehab Estimate
$2,000
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,701

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,344

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,1753$2,1954$2,4505$2,495
$2,495
RENT COMPS ANALYSIS
  • 6831 Moorland Street North Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,472 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,472 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.63
    •  
  • 6548 Candleglade Court North Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,173 Sqft ∙ Built 2005 5 beds 2 baths ∙ 3,173 Sqft ∙ Built 2005
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.69
    •  
  • 2104 Merganser Court North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,508 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,508 Sqft ∙ Built 2004
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.63
    •  
  • 6621 Arbor Bluff Court North Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,383 Sqft ∙ Built 2005 5 beds 2 baths ∙ 3,383 Sqft ∙ Built 2005
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.72
    •  
  • 2316 Mistle Thrush North Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2003
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.66
    •  
PROPERTY LISTING DETAILS
Andrew J Grasso
1.702.400.4782
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223101
Last Updated: 08/18/2020
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