3116 Kings Way, Las Vegas, NV 89102
The deal read
- Asking 153$/sqft against 307$/sqft for similar homes nearby (65 comps) — about 50% below the area.
- 52 days on market, counted from Kouzr's own daily snapshots — relists don't reset it.
Comps context is an automated estimate, not an appraisal. Open this home in the app for the full score breakdown, comp list, and alerts.
About this home
This is a unique situation. Τhe seller would like tο 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