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

10735 Cowlite Avenue Las Vegas, NV 89166

3 Beds 2 Baths 2,168 sqft Built 2017

$432,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

$120,230

Investment Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $199.26
  • 7 Days on Market
  • MLS # : 2258748
  • Updated Date : 01/09/2021 at 10:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,168 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

BEAUTIFULLY OPEN SINGLE STORY HOME, 3BR/2BA/DEN IN MASTER PLANNED COMMUNITY "PROVIDENCE". THIS HOME FEATURES LARGE KITCHEN/LIVING, HIGH CEILINGS (9") AND DOORWAYS, COOKTOP RANGE, RECESSED LIGHTING, STAINLESS STEEL APPLIANCES, SOFT CLOSE DRAWERS AND CABINETS, LARGE PANTRY, CABINETS IN LAUNDRY ROOM, WINDOW COVERINGS THROUGHOUT, BUILT-IN SURROUND SOUND, R/O AND WATER SOFTNER, ALARM SYSTEM AND RING DOORBELL, BEAUTIFULLY LANDSCAPED BACKYARD W/ COVERED PATIO AND BRICK PAVERS. GREAT FOR OUTDOOR ENTERTAINMENT. COMMUNITY AMENITIES INCL JOGGING TRAILS, PARKS, BIKE LANES AND MORE!

SEE MORE

MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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)
  • 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)

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
 

FINANCIALS

Learn how to read this

$388,800$475,200$432,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,501
Property Tax -$348
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$14

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.

$432,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.47%

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$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,230

INVESTMENT

$120,230

Down Payment		 $108,000
Rehab Estimate		 $5,750
Closing Costs		 $6,480

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,501

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,000
Loan Amount $324,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$28,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT

  • $0.95

    LIST RENT PER SQFT

  • $1,772

    COMP ESTIMATED VALUE

  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7003$1,8004$1,8955$2,050
$2,050
RENT COMPS ANALYSIS
  • 10735 Cowlite Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
  • 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 2
    • 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
    •  
  • 7017 Whipple Manor Street Las Vegas, NV 3
    • 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
    •  
  • 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
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Twanna Rankin
1.702.858.9541
Exp Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258748
Last Updated: 01/09/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
BESbswy