Deal summary
- Asking
- $225,000
- ARV
- $335,000
- Spread
- $50,000
- Est. rent
- $1,900/mo
- Gross yield at asking
- 10.1%
Photos
About this deal
A 3 bed, 2 bath, 1,056 sq ft home built in 1971, with a standard renovation putting the ARV at $335,000 on about $60,000 of rehab. If you'd rather hold it, the estimated rent is $1,900/mo, and the as-is numbers show just $1,000 in rehab to get it rented.
The property is sold as-is, and this is an assignment of contract, so the buyer takes over our purchase contract. Close of escrow is Oct 23, 2026, with a $1,000 buyer EMD. The seller stays until Nov 9, 2026, and a $5,000 holdback applies. Please do not disturb the occupant. Showings are by appointment only.
Terms
- Contract
- Assignment
- Earnest money
- $1,000
- Close of escrow
- 10/23/2026
- 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 | — | Spread — |
| Standard renovation | Full rehab, keep cabinets, prefab surrounds | Rehab $60,000 · ARV $335,000 | $335,000 | Spread $50,000 |
| Renovation level | Scope | Rehab | Gross yield | Instant equity |
|---|---|---|---|---|
| As-is sale | Trash-out and clean, no repairs | Rehab $1,000 | Yield 10.1% | — |
| Standard renovation | Full rehab, keep cabinets, prefab surrounds | Rehab $60,000 | Yield 8.0% | $50,000 |
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 $535/yr. Instant equity is ARV minus asking and rehab.
| Address | Sale date | Sale price | $/sq ft | Beds / baths | Living area | Year | Distance | Links |
|---|---|---|---|---|---|---|---|---|
| 5197 Andover Dr, Las Vegas, NV, 89122 | Sep 14, 2026 | $230,000 | $183 | 2 / 1 | 1,260 sq ft | — | 0.3 mi | |
| 5137 Rappahanock St, Las Vegas, NV, 89122 | Jul 31, 2026 | $388,000 | $357 | 3 / 2 | 1,088 sq ft | — | 0.2 mi | |
| 4982 Andover Dr, Las Vegas, NV, 89122 | Apr 15, 2026 | $345,000 | $327 | 3 / 2 | 1,056 sq ft | — | 0.1 mi | |
| 5155 Andover Dr, Las Vegas, NV, 89122 | Apr 14, 2026 | $116,800 | $97 | 4 / 2 | 1,200 sq ft | — | 0.2 mi |
Location
- Address
- 5039 Andover Dr, Las Vegas, NV 89122
- County
- Clark
- Parcel
- 161-28-513-017
2037 Palora Ave Pending
Las Vegas, NV 89169
- Asking
- $250,000
- ARV
- $370,000
