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2773 Botticelli Drive Henderson, NV 89052

4 Beds 4 Baths 4,203 sqft Built 2001

$989,000

List Price

$4,050

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $235.31
  • 6 Days on Market
  • MLS # : 2243441
  • Updated Date : 11/01/2020 at 12:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,203 sqft
  • Baths : 3 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

Situated in the premier guard gated neighborhood of the majestic Seven Hills master planned community "The Renaissance". Golf course frontage with panoramic views, this highly upgraded home offers it all. Luxury appointed interior complemented by timeless modern features throughout. Gourmet custom kitchen has stainless steel appliances, custom cabinets, lighting features, huge island with waterfall and plenty of space for culinary creativity. Vaulted ceiling's, and spacious bedrooms are all en-suite. Entertainers dream backyard has patio cover, tile deck, beautiful pool, built in BBQ, and expansive views.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

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

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

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

Coronado High School

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

$890,100$1,087,900$989,000

PURCHASE PRICE

$3,645$4,455$4,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,050
EXPENSES Loan Payment -$3,649
Property Tax -$585
Property Insurance -$109
Property Management Fees -$119
CASH FLOW
-$412

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.

$989,000

PROJECTED PRICE

$4,050

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$267,835

INVESTMENT

$267,835

Down Payment
$247,250
Rehab Estimate
$5,750
Closing Costs
$14,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,649

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $247,250
Loan Amount $741,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$42,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,050

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,531

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,195
1$3,1952$3,5003$3,6004$3,7005$4,050
$4,050
RENT COMPS ANALYSIS
  • 2773 Botticelli Drive Henderson, NV 5
    • 4 beds 4 baths ∙ 4,203 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,203 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $0.96
    •  
  • 2833 Bellini Drive Henderson, NV 1
    • 4 beds 4 baths ∙ 4,131 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,131 Sqft ∙ Built 2001
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.77
    •  
  • 1305 European Drive Henderson, NV 2
    • 4 beds 4 baths ∙ 4,042 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,042 Sqft ∙ Built 1999
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.87
    •  
  • 2834 Poseidon Shore Avenue Henderson, NV 3
    • 5 beds 5 baths ∙ 4,282 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,282 Sqft ∙ Built 2018
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.84
    •  
  • 1208 Martini Drive Henderson, NV 4
    • 4 beds 5 baths ∙ 4,203 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,203 Sqft ∙ Built 2002
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
Eric Gorton
1.702.296.2254
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243441
Last Updated: 11/01/2020
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