4022 Dripping Springs Ave, North Las Vegas, NV, USA

SUBTO DEAL NOT CASH DEAL

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This property offers a high-leverage creative finance opportunity with significant built-in equity and multiple strong exit strategies. With an estimated as-is value of approximately $365,000 and a projected after-repair value ranging from $420,000 to $445,000+, investors are positioned to capture substantial upside through a flip, refinance, or long-term hold.

The existing 3.125% fixed-rate first mortgage with a low PITI payment of $1,075 provides exceptional debt terms in today’s rate environment, creating immediate cash flow potential and long-term affordability.

The low entry cost of $30,000 plus closing costs allows for a minimal capital investment relative to the equity spread. Additionally, the property features desirable attributes including a 2-car garage, RV access, and no HOA, increasing both resale and rental appeal.

While a second lien remains on title, it has been inactive for over 14 years, previously discharged in bankruptcy, and is currently under review by Stewart Title with confirmation of insurability—providing a clear path forward for acquisition. Overall, this deal is well-suited for investors seeking a low-money-in, high-upside opportunity with strong fundamentals and flexible exit options.