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2724 Borthwick Avenue Henderson, NV 89044

5 Beds 4 Baths 3,775 sqft Built 2005

$785,000

List Price

$3,700

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $207.95
  • 6 Days on Market
  • MLS # : 2244603
  • Updated Date : 11/04/2020 at 10:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,775 sqft
  • Baths : 3 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

This fantastic “resort-setting, pool home” is a gorgeous find offering 4 BD + 3.5BA, (3775 sq. ft) in the main home, plus 1BD + 1BA (308 sq ft.) courtyard Casita. Everything inside & out has been meticulously maintained, upgraded & is in move-in ready condition. Situated on a quiet interior street w/great curb appeal, it just feels right from the moment you arrive. Interior features include ceramic tile flooring, custom paint & shutters throughout, formal living area, center island granite kitchen, upgraded SS appliances, large great room & adjoining dining areas, butler pantry, spacious bedrooms, huge master suite & bathroom, oversized loft area & dual staircases. Exterior features include gated, front courtyard patio, stamped decking, new paint, custom pool/jacuzzi, covered patio, $65K custom outdoor kitchen & entertainment center w/fire features, turf landscaping, great privacy & open desert views. Located in Anthem Highlands “Haddington” gated community. A must-see property!

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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: Sun City Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k397k

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

Neighborhood: Sun City Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802028

* 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
Shirley And Bill Wallin Elementary School Primary Regular 1,067 51 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Shirley And Bill Wallin Elementary School

  • Education Level: Primary
  • # of students: 1,067
  • # of teachers: 51
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$706,500$863,500$785,000

PURCHASE PRICE

$3,330$4,070$3,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,700
EXPENSES Loan Payment -$2,896
Property Tax -$577
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
$7

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.

$785,000

PROJECTED PRICE

$3,700

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.1%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

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$213,775

INVESTMENT

$213,775

Down Payment
$196,250
Rehab Estimate
$5,750
Closing Costs
$11,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,896

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $196,250
Loan Amount $588,750
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$63,239

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,700

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,662

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5953$3,7004$3,8005$3,995
$3,995
RENT COMPS ANALYSIS
  • 2724 Borthwick Avenue Henderson, NV 3
    • 5 beds 4 baths ∙ 3,775 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,775 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.98
    •  
  • 2445 Chateau Napoleon Henderson, NV 1
    • 4 beds 4 baths ∙ 3,733 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,733 Sqft ∙ Built 2013
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.94
    •  
  • 2760 Borthwick Avenue Henderson, NV 2
    • 5 beds 5 baths ∙ 3,744 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,744 Sqft ∙ Built 2005
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,595
    • $0.96
    •  
  • 2521 Chateau Napoleon Drive Henderson, NV 4
    • 4 beds 4 baths ∙ 3,948 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,948 Sqft ∙ Built 2014
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.96
    •  
  • 2852 Josephine Drive Henderson, NV 5
    • 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,910 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Lisa Schmidt
1.702.612.3047
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244603
Last Updated: 11/04/2020
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