Single Family Home
Project Snapshot
Location
Las Vegas , NV
Size
1,374 SF
Type
Single Family Home
Estimated Return
6-8%
Aurora Beam
Project Snapshot
• Location: a desirable area in Whitney Ranch, known for its proximity to amenities, schools, and easy access to major highways like I-515, making it appealing for long-term tenants.
• Size: 1,374 square feet on a 1,742 square foot lot.
• Type: Single-family home (3 bedrooms, 2.5 bathrooms, 2 stories, 1-car garage, built in 2007 – a modern, low-maintenance property ideal for buy-and-hold rental strategies).
Description
The Aurora Beam project is a prime buy-and-hold investment opportunity in the thriving Las Vegas real estate market. Acquired in March 2024 for $312,500, this 2007-built single-family home underwent a comprehensive renovation to transform it into a turnkey rental property. Located in the 89122 ZIP code an area with median home values around $365,000 and steady appreciation. It offers stable cash flow through long-term tenancy while benefiting from Las Vegas’s population growth, tourism-driven economy, and proximity to employment hubs like the Strip and downtown.
Key highlights include:
• Property Overview: This 3-bedroom, 2.5-bathroom home spans 1,374 sq ft across two floors, with an attached 1-car garage and east-facing main entry for optimal natural light. It’s occupied and ready for immediate rental, featuring modern updates that appeal to families or professionals seeking affordable, comfortable living in Whitney Ranch.
• Renovation Details: Over $25,000 invested in upgrades (beyond initial purchase deposits) to enhance value and tenant appeal:
• Structural and Safety Improvements: re-screening windows & installation of a new security door with locks.
• Interior Enhancements: New luxury vinyl plank (LVP) flooring installation and demo, interior painting, new countertops, double vanity, and kitchen hardware/chandelier.
• Smart Home and Lighting: LED lights, Ring camera, doorbell, smart thermostat, and door lock, plus additional fixtures like ceiling fans, bathroom lights and outdoor lights.
• Appliances and Plumbing: New microwave, dishwasher, and stove, kitchen sink/faucet , shower heads, and bathroom faucets. Re-centered pipes/drains & new mirrors.
• Exterior and Finishing Touches: Landscaping, power washing driveway, deep cleaning, new blinds. These updates ensure low ongoing maintenance and high tenant retention, with modern features like stainless steel appliances, quartz countertops, and smart tech that justify premium rents.
Market Potential
Las Vegas’s 89122 ZIP code is a hot rental market with average 3-bedroom rents at $1,850-$1,900/month (based on current Zillow, Realtor.com, and Redfin data). Comparable properties nearby rent quickly due to low vacancy rates (4-5%) and demand from local workers. With median home values up to $373,500 and year-over-year growth of 0.2-2.2%, the property has strong appreciation upside, it already appreciated 16% from its 2024 purchase price based on area trends. As a buy-and-hold asset, expect steady passive income (projected net cash flow $10,000-$12,000/year after expenses) in a city with no state income tax and robust economic drivers like tourism and tech relocation.
Investment Rationale
This project exemplifies a low-risk, high-reward strategy, recent renovations boost curb appeal and rental rates, while the inspection verifies durability. Ideal for investors seeking 6-8% yields with equity build-up. Full transparency: all costs itemized, inspection report available upon request. Partner with us for hands-off management and proven returns in one of America’s fastest-growing metros.
