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2290 Pendray Avenue Henderson, NV 89052

4 Beds 3 Baths 2,924 sqft Built 2018

$619,000

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $211.70
  • 8 Days on Market
  • MLS # : 2243093
  • Updated Date : 11/07/2020 at 15:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,924 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

IMMACULATE 4 BD/4 BA, modern home located in desired Green Valley Ranch! This beautiful home has an airy, indoor/outdoor living feel with lots of windows and natural light. The family room opens up to a lovely backyard on one side and enclosed courtyard on the other side, with three panel slider covered by beautiful, custom, remote controlled roman shades. The front door is steps from a lush green belt. Downstairs living room is prewired for surround sound! There is an in-law suite downstairs with full bath and three additional rooms upstairs where master is separated from other rooms by a spacious, open loft. Shutters throughout, quartz counters, stainless steel appliances, gorgeous custom built-in California Closet system in master walk-in. Relaxing, gorgeous claw foot tub in primary bath that is surrounded by custom tiled walls, floors and shower. Water softening system and very open floor plan. This desired Green Valley home is move in ready and is a must see!

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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: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k362k

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

Neighborhood: MacDonald Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200230024002500Rent in $10802532

* 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
John Vanderburg Elementary School Primary Regular 929 45 10
Bob Miller Middle School Middle Regular 1,600 59 NA
Coronado High School High Regular 3,240 124 10

John Vanderburg Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 45
10
GreatSchools Rating

Bob Miller Middle School

  • Education Level: Middle
  • # of students: 1,600
  • # of teachers: 59
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$2,284
Property Tax -$429
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$605

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.

$619,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,310

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2953$2,2954$2,3105$2,345
$2,345
RENT COMPS ANALYSIS
  • 2290 Pendray Avenue Henderson, NV 4
    • 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.79
    •  
  • 772 Valley Rise Henderson, NV 1
    • 3 beds 4 baths ∙ 2,741 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,741 Sqft ∙ Built 2003
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.79
    •  
  • 806 Sandhill Sage Henderson, NV 2
    • 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,982 Sqft ∙ Built 1998
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.77
    •  
  • 2486 Rye Beach Lane #0 Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,841 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,841 Sqft ∙ Built 1998
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.81
    •  
  • 917 Sir Winston Street Henderson, NV 5
    • 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,966 Sqft ∙ Built 2000
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.79
    •  
PROPERTY LISTING DETAILS
Jessie Sorani
1.702.481.5673
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243093
Last Updated: 11/07/2020
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