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6931 Moaning Cavern Street Las Vegas, NV 89131

4 Beds 4 Baths 3,846 sqft Built 2013

$679,900

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $176.78
  • 4 Days on Market
  • MLS # : 2249439
  • Updated Date : 11/20/2020 at 18:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,846 sqft
  • Baths : 4 full
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful newly remodeled MOVE IN READY single story 4 bedroom home with 3 car garage and RV parking! Walk inside to a desirable open floor plan and stunning tile flooring throughout. Front living room features ceiling fan light and is open to the front formal dining room. Lavish family room with ceiling fan/light is open to the gorgeous kitchen with large breakfast counter, island, granite countertops, stainless steel appliances, abundance of cabinet and counter space, and pantry! Huge laundry room with washer and dryer included, sink, and plenty of cabinet space. 4 large bedrooms all feature ceiling fan/lights and walk in closets with 4th bedroom boasting a en suite and beautiful master bedroom with double doors and master bathroom featuring double sinks, make up table, walk in shower, and tub! This home is TURN KEY. View today!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$611,910$747,890$679,900

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,509
Property Tax -$487
Property Insurance -$102
Property Management Fees -$119
CASH FLOW
-$306

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.

$679,900

PROJECTED PRICE

$2,910

PROJECTED RENT

0.43%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$185,924

INVESTMENT

$185,924

Down Payment
$169,975
Rehab Estimate
$5,750
Closing Costs
$10,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,975
Loan Amount $509,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$26,185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,231

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3954$2,4005$2,910
$2,910
RENT COMPS ANALYSIS
  • 6931 Moaning Cavern Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,846 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $0.76
    •  
  • 5856 Revital Court #0 Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2006
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.57
    •  
  • 5964 Vizzi Court Las Vegas, NV 2
    • 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,043 Sqft ∙ Built 2006
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.57
    •  
  • 6128 Skokie Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 4,015 Sqft ∙ Built 2005 4 beds 3 baths ∙ 4,015 Sqft ∙ Built 2005
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.60
    •  
  • 6133 Braeside Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 4,141 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,141 Sqft ∙ Built 2006
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.58
    •  
PROPERTY LISTING DETAILS
Aaron Taylor
1.702.310.6683
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249439
Last Updated: 11/20/2020
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