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1905 Hovenweep Street Henderson, NV 89052

3 Beds 2 Baths 2,200 sqft Built 1999

$875,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

$237,625

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.1%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.0%
Cash Flow	-$14,844
Value Increase	$45,006

10 YEAR

Cash On Cash	-7.0%
Total Return	7.3%

PROPERTY INFO

SINGLE-FAMILY

March 21, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1999
Price/Sqft : $397.73
2 Days on Market
MLS # : 2280398
Updated Date : 03/21/2021 at 05:22

CONSTRUCTION

Beds : 3
Floor Size : 2,200 sqft
Baths : 2 full

Listing Agent

Orange Realty Group Llc

Listing Agent's Description

VIEWS VIEWS VIEWS!! STUNNING view of strip, city and mountains!! One of the BEST VIEWS in the city! Full views from all main rooms!! Backs to Lexington Golf Course. Full casita with bathroom and wet bar. Nice private enclosed courtyard. In SunCity Anthem walking distance to pool and amenities! Huge corner lot with room for pool!! Golf cart parking. Must see this one!! Call Pam Berglund (303.912.5143) for showing

MARKET HIGHLIGHTS

Las Vegas Market Report

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)

Neighborhood: Sun City Anthem

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

Neighborhood: Sun City Anthem

* 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

GreatSchools Rating

Del E Webb Middle School

Education Level: Middle
# of students: 1,863
# of teachers: 74

GreatSchools Rating

Liberty High School

Education Level: High
# of students: 2,496
# of teachers: 105

GreatSchools Rating

FINANCIALS

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$787,500$962,50000$875,000

PURCHASE PRICE

$2,304$2,81600$2,560

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,560
EXPENSES	Loan Payment	-$3,039
	Property Tax	-$569
	Property Insurance	-$70
	Property Management Fees	-$119




CASH FLOW -$1,237

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.

$875,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.29%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$237,625

Down Payment	$218,750
Rehab Estimate	$5,750
Closing Costs	$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,039

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$218,750
Loan Amount	$656,250

See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$2,560
LIST RENT
$1.16
LIST RENT PER SQFT

$2,382
COMP ESTIMATED VALUE
$1.08
COMP AVG. RENT PER SQFT

Comps Range

$2,100

1$2,1002$2,2003$2,3954$2,5605$2,740

$2,740

RENT COMPS ANALYSIS

2,200
PROPERTY SQFT
$1.08
AVG RENT PER SQFT
$2,382
ESTIMATED VALUE
$2,560
LIST RENT

1905 Hovenweep Street Henderson, NV 5

3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999
Price

Price Per SQFT

$875,000

$397.73
2144 Twin Falls Drive Henderson, NV 1

3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2005
SOLD 02/19/21
Price

Price Per SQFT

$433,000

$197.72
1849 Atlanta Street Henderson, NV 2

3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 1999
SOLD 10/27/20
Price

Price Per SQFT

$455,000

$194.69
2814 Thunder Bay Avenue Henderson, NV 3

3 beds 2 baths ∙ 2,337 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,337 Sqft ∙ Built 2002
SOLD 09/30/20
Price

Price Per SQFT

$560,000

$239.62
1858 Morganton Drive Henderson, NV 4

3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2002
SOLD 12/15/20
Price

Price Per SQFT

$610,000

$265.33

1905 Hovenweep Street Henderson, NV 4

3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,200 Sqft ∙ Built 1999
Rent

Rent Per SQFT

$2,560

$1.16
12 Mohansic Road Henderson, NV 1

3 beds 2 baths ∙ 2,010 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 2002
LEASED 08/14/20
Rent

Rent Per SQFT

$2,100

$1.04
4 Mohansic Henderson, NV 2

3 beds 2 baths ∙ 2,010 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,010 Sqft ∙ Built 2002
LEASED 07/08/20
Rent

Rent Per SQFT

$2,200

$1.09
2591 Highmore Avenue Henderson, NV 3

4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2001
LEASED 09/02/20
Rent

Rent Per SQFT

$2,395

$1.03
2768 Cherrydale Falls Drive #0 Henderson, NV 5

3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2002
LEASED 02/27/21
Rent

Rent Per SQFT

$2,740

$1.17

PROPERTY LISTING DETAILS

Pamela Berglund
1.303.912.5143
Orange Realty Group Llc

Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579

Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280398
Last Updated: 03/21/2021

1905 Hovenweep Street Henderson, NV 89052

$875,000

$2,560

$237,625

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Shirley And Bill Wallin Elementary School

Del E Webb Middle School

Liberty High School

FINANCIALS

$787,500$962,50000$875,000

$2,304$2,81600$2,560

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$875,000

$2,560

0.29%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$3,039

0.25

$165

$875,000

$397.73

$493,548

$224.34

COMPS RANGE

PRICE COMPS ANALYSIS

$2,560

$1.16

$2,382

$1.08

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS