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

10505 Cogswell Avenue Las Vegas, NV 89134

2 Beds 1 Baths 1,713 sqft Built 1997

$422,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $246.35
  • 6 Days on Market
  • MLS # : 2250778
  • Updated Date : 11/28/2020 at 00:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,713 sqft
  • Baths : 1 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

ENJOY SUN CITY SUMMERLIN 55+ ACTIVE ADULT LIFESTYLE IN THIS WELL-MAINTAINED VERSAILLES MODEL WITH DELIGHTFUL CURB APPEAL! ADDED PAVER STONE AREAS AT FRONT SIDEWALK JUST ADD TO HOME'S APPEAL.LOVELY FORMAL LIVING & DINING ROOMS WELCOME YOU AND YOUR GUESTS. LARGE FAMILY ROOM, OPEN KITCHEN AND 10X9 CASUAL DINING NOOK ALLOW FOR EASY ENTERTAINING AND RELAXING GATHERING -- AND BRIGHT SOLAR TUBE ABOVE KITCHEN MAKES THIS WHOLE AREA SHINE IN NATURAL LIGHT! DEN/SMALL OFFICE OFF KITCHEN IN LIEU OF INSIDE LAUNDRY ROOM. PARTIAL SOLAR SCREENS ON SOME OF THE WINDOWS. ROLL DOWN SOLAR SCREENS ON COVERED PATIO. PRIMARY SUITE HAS BOTH A WALK IN CLOSET AND A SECOND WALL CLOSET, DOUBLE SINKS, AND LARGE SHOWER. GUEST BATH IS FULL BATH - AND IS NEXT TO LARGE GUEST BEDROOM WHICH FACES FRONT.

SEE MORE

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: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k328k

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

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10671706

* 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
 

$379,800$464,200$422,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,557
Property Tax -$248
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$404

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.

$422,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.1%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,580

INVESTMENT

$117,580

Down Payment
$105,500
Rehab Estimate
$5,750
Closing Costs
$6,330

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,557

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,500
Loan Amount $316,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,243

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,597

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,5804$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 10505 Cogswell Avenue Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,713 Sqft ∙ Built 1997 2 beds 1 baths ∙ 1,713 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.92
    •  
  • 2361 Lauren Drive Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,520 Sqft ∙ Built 1999 2 beds 1 baths ∙ 1,520 Sqft ∙ Built 1999
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 1704 Pacific Breeze Drive Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,694 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,694 Sqft ∙ Built 1998
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.90
    •  
  • 10312 New Frontier Lane #0 Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,694 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,694 Sqft ∙ Built 2001
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 10717 Brinkwood Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,842 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,842 Sqft ∙ Built 1998
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
PROPERTY LISTING DETAILS
Johnlee Mestemacher
1.702.245.8606
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250778
Last Updated: 11/28/2020
BESbswy