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7181 Willow Moss Court Las Vegas, NV 89148

5 Beds 4 Baths 3,386 sqft Built 2018

$579,900

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $171.26
  • 2 Days on Market
  • MLS # : 2260365
  • Updated Date : 01/10/2021 at 02:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,386 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Zhu Realty Group, Llc

Listing Agent's Description

A stunning home with tons of upgrades, over 100K in upgrades and backyard after occupying the new home. Great location, gated community, near Wet “n” Wild waterpark. Ceiling Fan, Lights throughout. Auto electric curtains, all new paint, wood and tile flooring, Chandeliers. 204sqft of the Casita with full bath and closet. 4 beds + casita, 3.5 baths. Full garden landscaping back yard with pavilion, a babbling stream, flowers and fruit trees etc...Lots of window with great natural lighting. A true ownership, Welcome Home.

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: Summerlin South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $119k441k

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

Neighborhood: Summerlin South

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10011875

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

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

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$521,910$637,890$579,900

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$2,014
Property Tax -$456
Property Insurance -$93
Property Management Fees -$119
CASH FLOW
-$22

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.

$579,900

PROJECTED PRICE

$2,660

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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-$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$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$35,181

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,793

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,6603$2,8004$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 7181 Willow Moss Court Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,386 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.79
    •  
  • 7212 Willow Moss Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2017
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.75
    •  
  • 45 Misty Springs Court Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,407 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,407 Sqft ∙ Built 2001
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.82
    •  
  • 7166 Pine Bridge Court Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,212 Sqft ∙ Built 2016
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
  • 59 Big Creek Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Miaojun Zhu
1.702.353.0233
The Zhu Realty Group, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260365
Last Updated: 01/10/2021
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