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543 Poplar Leaf Street Las Vegas, NV 89144

3 Beds 3 Baths 1,366 sqft Built 2001

$355,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $259.88
  • 3 Days on Market
  • MLS # : 2260812
  • Updated Date : 03/06/2021 at 05:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,366 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nicklin Prop Mgmt & Inv Inc

Listing Agent's Description

YOU'VE FOUND A GREAT COMBINATION! A GATED COMMUNITY AND A TWO STORY HOME WITH THE MASTER BEDROOM ON THE GROUND FLOOR. LOCATED IN THE POPULAR ASPEN MEADOWS COMMUNITY IN SUMMERLIN NORTH-NOT AGE RESTRICTED. THIS HOME FEATURES A NICE INTERIOR LOT LOCATION, BRAND NEW CARPET AND WOODLOOK FLOORING, FRESHLY PAINTED AND PROFESSIONALLY CLEANED. SEPARATE DOWNSTAIRS LAUNDRY ROOM AND THE WASHER AND DRYER ARE INCLUDED! THIS HOME'S LOT IS SOMETHING THAT IS HARD TO FIND - IT'S BIG! THIS LOVELY COMMUNITY EVEN HAS IT'S OWN PARK AREA. ADDITIONALLY, ASPEN MEADOWS RESIDENTS HAVE ACCESS TO ALL THE AMENITIES IN SUMMERLIN NORTH - POOLS, RECREATION FACILITIES, PARKS AND MORE! CRUISE AROUND THE AREA AND CHECK OUT ALL THE WONDERFUL THINGS THIS AREA HAS TO OFFER IN ADDITION TO THE COMMUNITY AMENITIES - LOTS OF SHOPPING AND DINING OPPORTUNITIES. BUYER TO VERIFY ALL INFORMATION AND SCHOOLS.

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: The Arbors

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: The Arbors

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
Ethel W. Staton Elementary School Primary Regular 880 45 9
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Ethel W. Staton Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 45
9
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,233
Property Tax -$208
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$164

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.

$355,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,180

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,506

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6003$1,6004$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 543 Poplar Leaf Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 532 Aspen Leaf Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 2001
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 538 Poplar Leaf Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2001
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.17
    •  
  • 542 Poplar Leaf Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 2001
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 11033 Linden Leaf Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 2001
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.11
    •  
PROPERTY LISTING DETAILS
Patricia Annis
1.702.533.2949
Nicklin Prop Mgmt & Inv Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260812
Last Updated: 03/06/2021
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