Listed by Joseph Modig of Real Broker LLC ((702) 343-7777)
This is a unique situation. The seller would like to discuss all creative options. The home is going to need substantial renovation. Property taxes 4%-6% Insurance 2%-4% Utilities (if owner-paid) 10%-15% Repairs & maintenance reserve 5%-10% Vacancy & credit loss 5%-10% Landscaping/pest control 1%-3% Capital reserves (future HVAC, roof, appliances, etc.) 5%-10% Total (self-managed) 25%-40% Gross Potential Income 5 bedrooms + studio = $6,500/month Annual = $78,000 Adjust for 90% occupancy Effective Gross Income = about $70,200/year Example expense budget (30%) Expenses ~ $21,000/year Net Operating Income Approximately $49,000/year Using common investor cap rates: Cap Rate Value 10% $490,000 8% $612,000 A one-third interest before any minority discount would be approximately: $163,000 at a $490k valuation

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Based on information submitted to GLVAR as of July 15, 2026 6:35 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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