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2733 Borthwick Avenue Henderson, NV 89044

5 Beds 5 Baths 3,102 sqft Built 2005

$754,900

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $243.36
  • 3 Days on Market
  • MLS # : 2261788
  • Updated Date : 01/16/2021 at 19:48
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,102 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Southern Nevada

Listing Agent's Description

This is a Spectacular Home!!! TAX RECORDS ARE INCORRECT...this home has 5 bedrooms, 4.5 Baths 3,346 sq ft. on an elevated 9,583sq ft lot. This sprawling rancher Includes a Formal Living Room, Dining Room, Professional Kitchen, Laundry Room + Oversized Den/Office space. Plus dramatic 10/' ceilings, Courtyard, Entry Foyer, fresh paint, tile floors, new carpet, Professional Grade JennAir stainless appliances and shutters throughout. Primary Bedroom/Bath includes custom built in cabinets, impressive walk in shower, oversized sunken tub, dual elongated sinks, vanity and dual walk in closets. Exterior paint is 1 year new with SW warrantied Super Paint, 2x6 framing w/blow in insulation, whole house wired surround sound, wired for security w/ 8 cameras & video recording, remote operated, solar heated, salt water pool with indoor controls, gas firepit, gas stub for future BBQ. This home is immaculate and Move in Ready....don't wait to call this YOUR home...the Hot Tub is calling you name! !!

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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: 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
 

$679,410$830,390$754,900

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,622
Property Tax -$510
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$418

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.

$754,900

PROJECTED PRICE

$2,920

PROJECTED RENT

0.39%

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

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$205,799

INVESTMENT

$205,799

Down Payment
$188,725
Rehab Estimate
$5,750
Closing Costs
$11,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,622

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $188,725
Loan Amount $566,175
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$17,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,295

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2504$2,3005$2,920
$2,920
RENT COMPS ANALYSIS
  • 2733 Borthwick Avenue Henderson, NV 5
    • 5 beds 5 baths ∙ 3,102 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,102 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $0.94
    •  
  • 2679 Bothwell Place Henderson, NV 1
    • 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 2683 Kinghorn Place Henderson, NV 2
    • 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 2678 Kinghorn Place #0 Henderson, NV 3
    • 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,022 Sqft ∙ Built 2005
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
  • 2652 Kinghorn Place Henderson, NV 4
    • 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,021 Sqft ∙ Built 2005
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
PROPERTY LISTING DETAILS
Michelle Nook-edmonds
1.702.326.9611
Keller Williams Southern Nevada
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261788
Last Updated: 01/16/2021
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