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2221 Tenaya Way Las Vegas, NV 89117

5 Beds 4 Baths 4,762 sqft Built 1997

$1,195,000

List Price

$4,980

$4.7K - $5.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $250.94
  • 3 Days on Market
  • MLS # : 2262123
  • Updated Date : 01/16/2021 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,762 sqft
  • Baths : 4 full
Listing Agent

The International Team

Listing Agent's Description

Beautiful HUGE custom home within minutes of the Las Vegas Strip. Recently renovated. Ready to move in, All furniture can be sold outside of escrow. 5 bedrooms, 5 bathrooms, super high ceiling. Very private backyard with a beautiful pool. It is a must see!

SEE MORE

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: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k384k

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

Neighborhood: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762045

* 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
Herbert A. Derfelt Elementary School Primary Regular 699 34 6
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

Herbert A. Derfelt Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 34
6
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$1,075,500$1,314,500$1,195,000

PURCHASE PRICE

$4,482$5,478$4,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,980
EXPENSES Loan Payment -$4,151
Property Tax -$887
Property Insurance -$119
Property Management Fees -$119
CASH FLOW
-$296

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.

$1,195,000

PROJECTED PRICE

$4,980

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.4%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$322,425

INVESTMENT

$322,425

Down Payment
$298,750
Rehab Estimate
$5,750
Closing Costs
$17,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,151

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $298,750
Loan Amount $896,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$50,408

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,980

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $4,941

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$4,300
1$4,3002$4,9803$5,0004$5,1005$5,300
$5,300
RENT COMPS ANALYSIS
  • 2221 Tenaya Way Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,762 Sqft ∙ Built 1997 5 beds 4 baths ∙ 4,762 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $4,980
    • $1.05
    •  
  • 2290 Casa Bella Court Las Vegas, NV 1
    • 4 beds 5 baths ∙ 4,482 Sqft ∙ Built 2003 4 beds 5 baths ∙ 4,482 Sqft ∙ Built 2003
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $0.96
    •  
  • 2965 Rosanna Street Las Vegas, NV 3
    • 4 beds 4 baths ∙ 4,664 Sqft ∙ Built 1993 4 beds 4 baths ∙ 4,664 Sqft ∙ Built 1993
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.07
    •  
  • 1680 City View Court Las Vegas, NV 4
    • 4 beds 6 baths ∙ 4,863 Sqft ∙ Built 1993 4 beds 6 baths ∙ 4,863 Sqft ∙ Built 1993
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,100
    • $1.05
    •  
  • 1710 Songlight Las Vegas, NV 5
    • 4 beds 5 baths ∙ 4,963 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,963 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $1.07
    •  
PROPERTY LISTING DETAILS
Loic Pillon
1.702.416.3952
The International Team
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262123
Last Updated: 01/16/2021
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