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10517 Howling Coyote Avenue Las Vegas, NV 89135

3 Beds 3 Baths 1,845 sqft Built 2003

$385,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $208.67
  • 13 Days on Market
  • MLS # : 2265235
  • Updated Date : 02/13/2021 at 20:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,845 sqft
  • Baths : 2 full , 1 half
Listing Agent

Love Local Real Estate

Listing Agent's Description

SUMMERLIN*SUMMERLIN* 2 STORY HOME WITH PRIMARY BEDROOM DOWNSTAIRS*BEAUTIFUL KITCHEN BACKSPLASH*OUTSTANDING KITCHEN ISLAND* WALL TILE AND THE LIST GOES ON AND ON. NEAR SCHOOLS PARKS AND RESTAURANTS, DON'T WANT TO MISS THIS ONE!!!!

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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: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k380k

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

Neighborhood: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762040

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,337
Property Tax -$241
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$130

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.

$385,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$37,944

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,885
1$1,8852$1,8903$1,9504$1,9905$2,100
$2,100
RENT COMPS ANALYSIS
  • 10517 Howling Coyote Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.02
    •  
  • 10387 Howling Coyote Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,823 Sqft ∙ Built 2003
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $1.03
    •  
  • 10474 Howling Coyote Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 2004
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 10510 Howling Coyote Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 2003
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.00
    •  
  • 10487 Howling Coyote Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,983 Sqft ∙ Built 2002
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.06
    •  
PROPERTY LISTING DETAILS
Thomas Velarde
1.702.265.3738
Love Local Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265235
Last Updated: 02/13/2021
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