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10727 Cowlite Avenue Las Vegas, NV 89166

3 Beds 3 Baths 2,168 sqft Built 2017

$475,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $219.10
  • 9 Days on Market
  • MLS # : 2271694
  • Updated Date : 02/26/2021 at 21:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,168 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

This is it, your forever home! This single-story home is in NW Vegas’s premiere Master Plan of Providence. Come home each day to a resort-style, salt water pool and spa with tasteful hard scaping, gorgeous landscaping, and a full width covered patio. The 15’x30’ pool and spa have pebble tech, led color lighting, remote heating so that you can control heater through your phone. The gourmet kitchen boasts a big island, a giant, extra-long counter that is perfect for prepping or serving, upgraded appliances, and a walk-in pantry. The kitchen is open to the dining and living room with surround sound. The master suite has access to the back patio/pool area, a master shower with extra tall glass surround and is tiled to the ceiling with a rain showerhead, Large master closet. But wait, there’s more - 10ft ceilings, water softener, reverse osmosis, plantation shutters, 8ft doors throughout, soft close cabinets, Open house on Saturday, February 27th from 11-3.

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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: Windimere at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $119k341k

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

Neighborhood: Windimere at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10761724

* 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
Henry And Evelyn Bozarth Elementary School Primary Regular 905 40 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Henry And Evelyn Bozarth Elementary School

  • Education Level: Primary
  • # of students: 905
  • # of teachers: 40
8
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,650
Property Tax -$409
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$257

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.

$475,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$10,454

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,740

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,7504$1,8955$1,990
$1,990
RENT COMPS ANALYSIS
  • 10727 Cowlite Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,168 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.92
    •  
  • 10639 Ostend Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2011
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 10746 Fenway Park Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2016
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 10726 Wrigley Field Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2014
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 10719 York Manor Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2012
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
PROPERTY LISTING DETAILS
Kathleen Martineau
1.336.508.0716
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271694
Last Updated: 02/26/2021
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