Balanced Return Move-Up – ROI 13%

SFR - Sierra Palms Way, LV, NV  89074.  1992, two storey, 2284 SF, 4 bed, 2.75 bath (1 bed & bath down), 3 car, pool, jacuzzi, covered patio and upstairs game room.  Fully fenced backyard, travertine, vaulted ceilings, 2 living areas, fireplace, balcony off master, highly upgraded throughout.  Pool & spa need immediate renovation ($10,000)

Short Sale July 2011
$150,000 Cash
Annual Rent $19,800
Monthly Rent $ 1,650
Closing Costs $2,092

Annual Taxes and Insurance:
$2,104 County Taxes
$ 609 House Insurance
$ 192 HOA


Purchase History
- 1996 sold for $180,000
- 1998 sold for $195,000
- 2002 sold for $207,000
- 2003 sold for $262,990
- 2005 sold for $410,000
- 2010 July listed $199,990

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