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5939 Poplar Tree Street Las Vegas, NV 89148

5 Beds 3 Baths 2,480 sqft Built 2003

INVESTimate

$410,000

List Price

$1,680

$1,512 - $1,848

Rent Est.

$452,599  ( +10.39%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $165.32
  • 17 Days on Market
  • MLS # : 2220690
  • Updated Date : 08/25/2020 at 13:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,480 sqft
  • Baths : 2 full , 1 half
Listing Agent

Era Brokers Consolidated

Listing Agent's Description

PRIDE OF OWNERSHIP IS EVIDENT IN THIS IMMACULATE FIVE BEDROOM HOME IN THE DESIRABLE COMMUNITY OF SOUTHERN TERRACE! HOME HAS BEAUTIFUL WOOD FLOORS, SPACIOUS KITCHEN W/ QUARTZ COUNTER TOPS, HUGE ISLAND, BREAKFAST BAR & LOTS OF UPGRADED CABINETS FOR STORAGE W/ LARGE PANTRY. FRESHLY PAINTED INTERIOR THROUGHOUT. DOWNSTAIRS BEDROOM FOR YOUR FAMILY MEMBERS CONVENIENCE. THE HOME ALSO HAS AN NEW WATER SOFTENER, SUN SCREENS ON ALL WINDOWS AND A GAS FIREPLACE,& SURROUND SOUND. FRONT AND BACKYARD OFFER MATURE LANDSCAPING, WITH NEW ROCK IN THE FRONT YARD. NEW PAINT ON THE TRIM & FASCIA BOARD. THE BACKYARD FEATURES GORGEOUS LANDSCAPING, & A COVERED PATIO .ALL APPLIANCES INCLUDED. HOME IS APPROX. 2630 SQ. FT. W/THE ADDED BEDROOM DOWNSTAIRS. COMMUNITY HAS A CLUBHOUSE YOU CAN RENT FOR YOUR GATHERINGS, THAT INCLUDES A FULL KITCHEN. IN ADDITION ,TWO SWIMMING POOLS, SPA,SAUNA,FITNESS CENTER, PLAYGROUND FOR CHILDREN, PARK AREA,HALF MILE WALKING TRAIL, AND PLENTY OF SOCIAL ACTIVITIES FOR THE WHOLE FAMILY!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k329k

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

Neighborhood: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9691735

* 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
Kathy L. Batterman Elementary School Primary Regular 910 47 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Sierra Vista High School High Regular 2,396 88 4

Kathy L. Batterman Elementary School

  • Education Level: Primary
  • # of students: 910
  • # of teachers: 47
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Sierra Vista High School

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

$369,000$451,000$410,000

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

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 -$1,513
Property Tax -$257
Property Insurance -$75
HOA -$75
Property Management Fees -$119
CASH FLOW
-$359

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.

$410,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.39%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,855

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
  • $0.68

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6803$1,7004$1,7995$1,800
$1,800
RENT COMPS ANALYSIS
  • 5939 Poplar Tree Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,480 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.68
    •  
  • 9790 Splendor Sky Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,291 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,291 Sqft ∙ Built 2005
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.70
    •  
  • 9161 Cocowoods Place Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,460 Sqft ∙ Built 2018
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.69
    •  
  • 6054 Doroca Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 2006
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.71
    •  
  • 5871 Rustic Prairie Street Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,367 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,367 Sqft ∙ Built 2017
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kris Williams
1.702.241.2681
Era Brokers Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2220690
Last Updated: 08/25/2020
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