5493 Ovando Way, Las Vegas, NV 89122, Las Vegas, 89122 - 4 bed, 3 bath
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5493 Ovando Way
Las Vegas, NV 89122
ACTIVE
CONDITION: GOOD
4Beds
3Baths
1,840Sq Ft
3,485Lot Size
Property Price
LIST PRICE$410,000
EST. MARKET VALUE
$389,996
5% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $410,000, positioned above the $389,997 Fair Market Value. Despite the premium, the property offers a turnkey Condition Rating of 3, featuring recent updates like new paint and vinyl plank flooring. With a tenant already in place providing a 5% return, this asset is a stable choice for Buy-and-Hold Investors. While school ratings are modest, the 4-bedroom, 3-bathroom layout ensures strong rental demand, making it an ideal acquisition for passive income seekers.
Estimated Market Value
$389,996
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5493 Ovando Way Subject | $410,000* List Price | 4 | 3 | 1,840 | $212 | - |
A 6299 Felicitas Avenue Sold | $346,000 | 4 | 3 | 1,738 | $199 | 0.5 mi |
B 6853 Gold Nugget Drive Sold | $374,000 | 3 | 3 | 1,801 | $208 | 0.3 mi |
C 5506 Nickel Ridge Way Sold | $390,000 | 3 | 3 | 1,800 | $217 | 0.4 mi |
D 6373 Beavertail Pond Avenue Sold | $398,000 | 3 | 3 | 1,690 | $236 | 0.3 mi |
E 6416 Jacobville Court Sold | $400,000 | 3 | 3 | 2,173 | $184 | 0.3 mi |
F 5512 Silent Springs Drive Sold | $385,000 | 3 | 3 | 2,173 | $177 | 0.1 mi |
G 6416 Alderlyn Avenue Sold | $410,000 | 3 | 3 | 1,853 | $221 | 0.6 mi |
H 4959 Copperlyn Street Sold | $410,000 | 4 | 3 | 1,882 | $218 | 0.7 mi |
I 6709 Brick House Avenue Active | $434,900 List Price | 4 | 3 | 1,847 | $235 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2010 (16 years old), the property falls within the 10-20 year age bracket. It is well-maintained and features recent cosmetic updates including new paint and vinyl plank flooring, making it functional and move-in ready for a tenant.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Potential
The property features a tenant already in place with a projected 5% return on cash purchases, offering immediate rental income and a seamless transition for investors.
- Recent Interior Upgrades
Freshly updated with new paint and vinyl plank flooring, the home provides a modern, move-in-ready aesthetic that reduces immediate capital expenditure for the buyer.
- Functional Family Layout
With 4 bedrooms and 3 bathrooms within 1,840 square feet, the home offers a highly efficient and desirable configuration for families or multi-tenant rental scenarios.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Underperforming School District
The assigned middle and high schools have low performance ratings (2/10 and 3/10), which may limit appeal for long-term family buyers and impact future resale value.
- Limited Outdoor Space
The compact lot size of 3,485 square feet offers minimal backyard utility and privacy, which could be a drawback for buyers seeking significant outdoor living areas.
About 5493 Ovando Way
Welcome to 5493 Ovando Way! Freshly updated with new paint and vinyl plank flooring, this inviting home offers a wonderful blend of comfort, style, and convenience. Great investment opportunity with a tenant already in place, providing immediate rental income and approximately a 5% return on cash purcahses! Whether you're looking to add to your investment portfolio or secure a home with a tenant already in place, this is an opportunity you won’t want to miss!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2010
- Lot Size
- 3,485 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $105 / Month
Neighborhood Insights
Las Vegas Unified Schools
Sister Robert Joseph Bailey Elementary School
Grades PK-5 • 1.8 mi
4/10
Edna F Hinman Elementary School
Grades PK-5 • 2.4 mi
3/10
Francis H Cortney Junior High School
Grades 6-8 • 1.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,840 | 1,961.945 |
| Lot Size | 3,485 | 6,098 |
| Price | $410.0K | $486.0K |
| Price per sq ft | $223 | $259 |
| Built year | 2010 | 2002 |
| HOA | $105 | $83 |
| Days on market | 15 | 62 |
Pricing History
Listed for Sale
Aug 25, 2026
$410,000
Initial Listing