Deal summary
- Asking
- $250,000
- ARV
- $370,000
- Spread
- $54,500
- Est. rent
- $1,931/mo
- Gross yield at asking
- 9.3%
Photos
About this deal
Big spread here: a standard renovation on this 3 bed, 2 bath in LV brings an ARV of $370,000 against $65,500 in rehab, which leaves $54,500 of spread. If you'd rather skip the heavy lifting, you can resell or rent it without work and still have a $24,000 spread, with rent estimated at $1,931/mo against the $250,000 ask.
It's a 1,261 sq ft home built in 1963. The property is sold as-is, and this is an assignment of contract, so you take over our purchase contract. Close of escrow is Oct 30, 2026, the buyer EMD is $2,000, and offers are due Thu 10/15 at 3:30 PM.
Terms
- Contract
- Assignment
- Earnest money
- $2,000
- Close of escrow
- 10/30/2026
- Closing costs
- Buyer pays all
- Funding
- Cash or hard money
- Proof of funds
- Required with offer
- Walkthrough
- Inspection
- Before offer; sold as-is
- Access
- Lockbox by appointment
- Title
- Landmark Title (Henderson)
| Renovation level | Scope | Rehab | ARV | Spread |
|---|---|---|---|---|
| As-is sale | Trash-out and clean, no repairs | Rehab $1,000 · ARV $275,000 | $275,000 | Spread $24,000 |
| Standard renovation | Full rehab, keep cabinets, prefab surrounds | Rehab $65,500 · ARV $370,000 | $370,000 | Spread $54,500 |
| Renovation level | Scope | Rehab | Gross yield | Instant equity |
|---|---|---|---|---|
| As-is sale | Trash-out and clean, no repairs | Rehab $1,000 | Yield 9.2% | $24,000 |
| Standard renovation | Full rehab, keep cabinets, prefab surrounds | Rehab $65,500 | Yield 7.3% | $54,500 |
Gross yield is a year of rent over asking plus rehab. It leaves out vacancy, taxes, insurance and management, so run your own costs in the calculator. Taxes are $845/yr. Instant equity is ARV minus asking and rehab.
Location
- Address
- 2037 Palora Ave, Las Vegas, NV 89169
- County
- Clark
- Parcel
- 162-11-712-022
5039 Andover Dr Pending
Las Vegas, NV 89122
- Asking
- $225,000
- ARV
- $335,000
