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

10730 Cowlite Avenue Las Vegas, NV 89166

3 Beds 2 Baths 1,987 sqft Built 2016

$439,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $221.39
  • 4 Days on Market
  • MLS # : 2251014
  • Updated Date : 12/05/2020 at 13:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,987 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

STUNNING, ELEGANTLY UPGRADED, SINGLE STORY POOL/SPA HOME ON OVERSIZED LOT, LOCATED IN ONE OF THE MOST SOUGHT AFTER MASTER PLANNED COMMUNITIES IN THE NORTHWEST! FEATURES INCLUDE, TWO TONE PAINT, UPGRADED TILE FLOORING THROUGHOUT, BUILT-IN SURROUND SOUND, CHEF'S KITCHEN W/DOUBLE OVENS, COOKTOP RANGE, GRANITE COUNTERS, RECESSED LIGHTING, OVERSIZED ISLAND/BREAKFAST BAR, GARDEN WINDOW, HEATED/SALT-WATER POOL W/IN FLOOR FILTRATION, JETS, LED COLOR LIGHTING, REMOTE CONTROL iAQUALINK, & SPA! SITUATED AN OVERSIZED LOT W/DESERT LANDSCAPING & MATURE VEGETATION, COVERED PATIO (EXTENDS THE LENGHT OF THE HOME) W/BRICK PAVERS. ALL APPLIANCES INCLUDED W/THE SALE & WINDOW COVERINGS THROUGHOUT! *SID FEE HAS BEEN PAID OFF*

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: 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
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,623
Property Tax -$388
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$555

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.

$439,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$691

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6403$1,7004$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 10730 Cowlite Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.83
    •  
  • 10814 Drake Ridge Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2008
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
  • 10639 Ostend Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,142 Sqft ∙ Built 2011
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 10746 Fenway Park Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2016
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.85
    •  
  • 7017 Whipple Manor Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2007
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
PROPERTY LISTING DETAILS
Tahira S Harris
1.702.485.9799
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251014
Last Updated: 12/05/2020
BESbswy