3/17/2012 This prop is built in 1995 In North Las Vegas by Camino El Norte and Revere No HOA Single story, approx 1498 sqft 4 bedrooms Is now rented for $1025/ tenants moving out end of month Will need about $5,000 in rehab Last comparable, plain jane with a pool, sold for $95,000. Lots of potential. With some sweat equity, it will clean up and look decent. Masterbedroom is big with a 2 way fireplace. Masterbath is also huge. It was a model home in 1995, built by Centex Home. Current owner is original owner who bought it in 1995 for $125,000! Lots of pot shelves, high ceiling for single story + bay windows. Backyard is also quite big. FHA buyers: 3.5% down, estimated payment is approx $650 For CONV investors: 20% down, estimated payment is approx $520 Can potentially rent for $950 - $1025 - Less property management, say 8% Cash flow is approx: $354 - $423 PLEASE LET ME KNOW IF YOU KNOW SOMEONE WHO IS INTERESTED. AGENTS GET FULL COOP. Thanks!
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