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5995 Hopkinsville Court Las Vegas, NV 89148

5 Beds 3 Baths 3,468 sqft Built 2002

$674,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $194.35
  • 3 Days on Market
  • MLS # : 2260432
  • Updated Date : 01/09/2021 at 21:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,468 sqft
  • Baths : 3 full
Listing Agent

Windermere Excellence

Listing Agent's Description

Entertainer's Dream! Nestled on the border of Summerlin, this home features a lovely courtyard entrance w/ fountain & sits on 1/4+ acre. Owners spared no expense... $100K+ in upgrades featuring granite counters, soft close cabinets and drawers, built-in kitchen aid stainless appliances, copper sink with touch faucet, under cabinet lighting, kitchen backsplash, hardwood floors with 6 inch baseboard, plantation shutters and more. Main living area features beautiful hardwood floors, with tile in wet areas & carpet in bedrooms. Butlers pantry with new cabinets + wine fridge... open kitchen shares space w/ family room. Two bedrooms located downstairs with 2 additional bedrooms and master upstairs. The best part of all...the master bedroom features remodeled bathroom as well as his & her closets and a retreat/den area! Large backyard with ample space to play... above ground spa, swing set and built in BBQ all included. Call and preview today! This one won't last!

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: 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
 

$606,600$741,400$674,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,341
Property Tax -$379
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$174

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.

$674,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$2.5M

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$184,360

INVESTMENT

$184,360

Down Payment
$168,500
Rehab Estimate
$5,750
Closing Costs
$10,110

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,341

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,500
Loan Amount $505,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$29,315

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,280

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,2004$2,6505$2,760
$2,760
RENT COMPS ANALYSIS
  • 5995 Hopkinsville Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,468 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,468 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $0.80
    •  
  • 6241 Whispering Creek Street Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,178 Sqft ∙ Built 2004 5 beds 2 baths ∙ 3,178 Sqft ∙ Built 2004
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.61
    •  
  • 9980 Shady Glade Court Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.57
    •  
  • 9566 Rolling Thunder Avenue #9566 Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.68
    •  
  • 5349 Misty Acres Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
PROPERTY LISTING DETAILS
Shannon R Fitch
1.702.882.8239
Windermere Excellence
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260432
Last Updated: 01/09/2021
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