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2777 Borthwick Avenue Henderson, NV 89044

5 Beds 5 Baths 3,744 sqft Built 2005

$779,900

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $208.31
  • 3 Days on Market
  • MLS # : 2247832
  • Updated Date : 11/13/2020 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,744 sqft
  • Baths : 4 full , 1 half
Listing Agent

Life Realty District

Listing Agent's Description

This isn't just a home, it's a property! Incredible property in gated Anthem Highlands Haddington community on interior corner 1/4 acre lot with courtyard! Spacious, open, and upgraded to today's highest standard including ceramic plank tile floors, large custom built kitchen island with quartz counters, waterfall edge finish, modern backsplash, stainless steel appliances, and modern farm sink. Large primary bedroom and detached casita downstairs make this Pulte home an ideal floor-plan. Enjoy a massive backyard with elongated patio cover, large sparkling pool with rock waterfall, and half court basketball. Owners have planted lush gardens currently producing delicious assortment of herbs, vegetables and fruit! This opportunity will not last!

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: 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
 

$701,910$857,890$779,900

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$2,877
Property Tax -$534
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$270

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.

$779,900

PROJECTED PRICE

$3,360

PROJECTED RENT

0.43%

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$0.0$10k$20k$30k

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$212,424

INVESTMENT

$212,424

Down Payment
$194,975
Rehab Estimate
$5,750
Closing Costs
$11,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,877

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $194,975
Loan Amount $584,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$36,850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,594

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,360
1$3,3602$3,5003$3,5904$3,5955$3,995
$3,995
RENT COMPS ANALYSIS
  • 2777 Borthwick Avenue Henderson, NV 1
    • 5 beds 5 baths ∙ 3,744 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,744 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $0.90
    •  
  • 2445 Chateau Napoleon Henderson, NV 2
    • 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
    •  
  • 2912 Josephine Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 2013
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,590
    • $0.92
    •  
  • 2760 Borthwick Avenue Henderson, NV 4
    • 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
    •  
  • 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
Corey D Toushin
1.702.960.4663
Life Realty District
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247832
Last Updated: 11/13/2020
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