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2290 Tenaya Way Las Vegas, NV 89117

4 Beds 3 Baths 2,760 sqft Built 1982

$660,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $239.13
  • 3 Days on Market
  • MLS # : 2268819
  • Updated Date : 02/19/2021 at 17:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,760 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin

Listing Agent's Description

You will love the charming character from the moment you arrive & enter this home - fireplace rising up to the vaulted ceilings greets you in the open concept sunken family room. Beautiful warm easy care wood & tile flooring, wood shutters, arched entries & birch doors add to impressive details. Upgraded kitchen features granite counters, soft close cabinets, SS Appliances, oversized breakfast bar - ideal for preparing your meals next to the spacious dining room. NuCore antimicrobial, water resistant flooring in kitchen & baths. Generously-sized bedrooms including primary bedroom & en suite bath along w/his & her closets. Backyard oasis w/large covered patio, synthetic turf Putting Green, Refreshing Pool w/new variable speed Power Efficient Pump, also solar heated for year round enjoyment! Large lot & space at back of property & RV Parking means room for your toys, trucks, tennis or? Well-maintained, this home boasts a newer roof & fresh exterior paint.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Rainbow Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $119k708k

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

Neighborhood: Rainbow Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10763250

* 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
 

$594,000$726,000$660,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,292
Property Tax -$311
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$383

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.

$660,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
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$20k$25k

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$180,650

INVESTMENT

$180,650

Down Payment
$165,000
Rehab Estimate
$5,750
Closing Costs
$9,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,292

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $165,000
Loan Amount $495,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$15,550

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4203$2,4954$2,5505$2,800
$2,800
RENT COMPS ANALYSIS
  • 2290 Tenaya Way Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.88
    •  
  • 6512 Peppermill Drive Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1985
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
  • 2914 Aqualine Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,688 Sqft ∙ Built 2000
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.93
    •  
  • 6995 Obannon Drive Las Vegas, NV 4
    • 4 beds 1 baths ∙ 2,814 Sqft ∙ Built 1980 4 beds 1 baths ∙ 2,814 Sqft ∙ Built 1980
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.91
    •  
  • 2610 Belcastro Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,942 Sqft ∙ Built 1980
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Cheryl A Van Elsis
1.702.612.7777
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268819
Last Updated: 02/19/2021
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