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717 Moonlight Mesa Drive Henderson, NV 89011

2 Beds 2 Baths 1,534 sqft Built 1999

$325,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $211.86
  • 3 Days on Market
  • MLS # : 2261847
  • Updated Date : 01/16/2021 at 18:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,534 sqft
  • Baths : 2 full
Listing Agent

Reflections Real Estate Group

Listing Agent's Description

This fabulous single story home has a pool & spa combo, new HVAC system, 2 bedrooms and a den(easily 3rd bedroom), a great open concept with the kitchen and living room, and so much more! All bedrooms & den have ceiling fans, both bathrooms have a shower/tub combo, and just take a look at the beautiful backyard! Heated pool & spa combo with a waterfall and a covered patio. Perfect for entertaining. Located in a fantastic community with a playground, tennis courts, basketball courts, and more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: South Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $95k340k

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

Neighborhood: South Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9111825

* 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
Josh Stevens Elementary School Primary Unknown NA
Francis Cortney Middle School Middle Regular 1,235 52 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,129
Property Tax -$207
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$39

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.

$325,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.9%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.42

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.

  • $1,550

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,411

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2953$1,3004$1,3505$1,550
$1,550
RENT COMPS ANALYSIS
  • 717 Moonlight Mesa Drive Henderson, NV 5
    • 2 beds 2 baths ∙ 1,534 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,534 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 833 Aspen Peak #315 Henderson, NV 1
    • 2 beds 1 baths ∙ 1,249 Sqft ∙ Built 2007 2 beds 1 baths ∙ 1,249 Sqft ∙ Built 2007
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.94
    •  
  • 6371 Lorne Green Avenue #102 Henderson, NV 2
    • 2 beds 3 baths ∙ 1,417 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,417 Sqft ∙ Built 2002
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 6973 Graceful Cloud Avenue Henderson, NV 3
    • 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2006
    property image
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 6053 Aripeka Street Henderson, NV 4
    • 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,452 Sqft ∙ Built 2006
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
PROPERTY LISTING DETAILS
Shannon Garcia
1.702.564.6637
Reflections Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261847
Last Updated: 01/16/2021
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