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4721 Poppywood Drive Las Vegas, NV 89147

3 Beds 2 Baths 1,950 sqft Built 1996

INVESTimate

$395,000

List Price

$1,680

$1,512 - $1,848

Rent Est.

$436,080  ( +10.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $202.56
  • 6 Days on Market
  • MLS # : 2223771
  • Updated Date : 08/24/2020 at 09:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,950 sqft
  • Baths : 2 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Stunning single story home in the beautiful Rancho Las Brisas with lots of upgrades tucked away in a cult de sac . The ceilings are ultra-high throughout the entire house and are pitched in the master bedroom. There is both a formal living and family room. The kitchen is upgraded with extended cabinets throughout, under-mounted sinks, and an adorable breakfast nook that's perfect for cozying up. There is a separate laundry room with a sink that leads to an oversized 2 car garage which contains a brand new water heater! The master bedroom is huge with a walk-in closet and another closet for seasonal clothing. The master bathroom boasts a double sink and a separate shower and tub. The 2nd bedroom is big as well and has it's own walk-in closet. The backyard is a dream oasis with a covered patio, surround sound speakers, a heated pool(heater is new!), a spa, and a greenhouse to boot. Welcome home!

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: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Rancho Viejo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10361658

* 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
Frank Kim Elementary School Primary Regular 575 34 6
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Frank Kim Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 34
6
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,512$1,848$1,680

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,457
Property Tax -$248
Property Insurance -$65
HOA -$15
Property Management Fees -$119
CASH FLOW
-$224

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.

$395,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.40%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$12,004

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,5993$1,6004$1,6805$1,700
$1,700
RENT COMPS ANALYSIS
  • 4721 Poppywood Drive Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.86
    •  
  • 8135 Buffalo Ranch Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2013
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.91
    •  
  • 8016 Bonaventure Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1995
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.85
    •  
  • 7904 Bonaventure Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,884 Sqft ∙ Built 1996
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 4619 Bear Island Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2012
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Amanda Bolton
1.702.528.6596
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223771
Last Updated: 08/24/2020
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