Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2000 Poppywood Avenue Henderson, NV 89012

3 Beds 3 Baths 2,165 sqft Built 1999

$464,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $214.32
  • 6 Days on Market
  • MLS # : 2247115
  • Updated Date : 11/10/2020 at 10:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,165 sqft
  • Baths : 3 full
Listing Agent

Ceci Realty

Listing Agent's Description

Hard to find "Terravita Model" with Casita (full bedrm & bath walk-in closet) Premium extended backyd* 3 Full Bedrms Plus den/office* 3 Full Bathrooms* Large gourmet kitchen layout, center island, large breakfast nook* Huge Master Bedrm & walk-in closet & exterior dr to back patio access* Shutters*Ceiling fans* Garage with storage cabs* Extended double covered patio with natural gas stub-out for BarQ* Extra deep private walled backyard*

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: Sun City MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: Sun City MacDonald Ranch

NeighborhoodNIR 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$417,600$510,400$464,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,712
Property Tax -$251
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$71

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.

$464,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,710

INVESTMENT

$128,710

Down Payment
$116,000
Rehab Estimate
$5,750
Closing Costs
$6,960

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,712

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,000
Loan Amount $348,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$31,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,100

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9003$2,0004$2,0805$2,345
$2,345
RENT COMPS ANALYSIS
  • 2000 Poppywood Avenue Henderson, NV 4
    • 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,165 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.96
    •  
  • 254 Horizon Pointe Henderson, NV 1
    • 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,969 Sqft ∙ Built 1997
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 275 Gingerbread Street Henderson, NV 2
    • 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1997
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 1984 Thunder Ridge Circle Henderson, NV 3
    • 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,969 Sqft ∙ Built 1996
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 1867 Desert Forest Way Henderson, NV 5
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1997
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.04
    •  
PROPERTY LISTING DETAILS
Gary Ceci
1.702.260.0873
Ceci Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247115
Last Updated: 11/10/2020
BESbswy