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

10701 Windrose Point Avenue Las Vegas, NV 89144

2 Beds 2 Baths 1,162 sqft Built 2000

$320,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $275.39
  • 7 Days on Market
  • MLS # : 2253947
  • Updated Date : 12/07/2020 at 11:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,162 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

1-story, cute as a bug home in Summerlin! Low-maintenance yard! Kitchen opens to living room with tile floors. Neutral colors make it easy for you to move right in! 2 bedrooms PLUS a den! Primary bedroom has a walk-in closet, primary bath has 2 sinks! Ready for you now! WELCOME HOME!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,181
Property Tax -$195
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
-$205

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.

$320,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,879

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,325

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3403$1,4254$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 10701 Windrose Point Avenue Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,162 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,162 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.15
    •  
  • 1725 Queen Victoria Street #102 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,119 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,119 Sqft ∙ Built 1998
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.12
    •  
  • 10621 Mission Lakes Avenue Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,302 Sqft ∙ Built 1997 2 beds 1 baths ∙ 1,302 Sqft ∙ Built 1997
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.09
    •  
  • 10684 Windrose Point Avenue Las Vegas, NV 4
    • 2 beds 1 baths ∙ 1,162 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,162 Sqft ∙ Built 2000
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.25
    •  
  • 10409 Sea Palms Avenue Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,360 Sqft ∙ Built 1997 2 beds 1 baths ∙ 1,360 Sqft ∙ Built 1997
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jodi Tyra
1.702.528.4483
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253947
Last Updated: 12/07/2020
BESbswy