3601 E Wyoming Ave #252 · Sunrise Manor, NV 89104

$3,500

2 bd · 1.0 ba · 720 sqft · SingleFamily · 25 Days on market

Built 2026

---

Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +2.9/5.0
• Rent growth +2.8/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This is the ultimate opportunity for the DIY-minded buyer or savvy investor. Ready for a complete custom renovation, this home offers incredible potential.

Key facts

• Built 2026
• Listed 24 days

Property features AI

Finance

• Financial info: List price $3,500

Exterior

• Home design: Single section, 2 bed 1 bath plan; Spec inventory
• Construction: 720 living area

Interior

• Kitchen: Includes dishwasher, garbage disposal, and refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Interior features: Dishwasher; Disposal; Refrigerator

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $4k.

Deal economics

• At list price, monthly cash flow is $955 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $4k).
• Recommended offer: $3k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#83 in NV) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, schools F, crime F.
• Clark County School District (urban): math 21% / reading 39% proficiency, ranked #11 of 17 in NV (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.2%/yr); 146 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 14,754 units permitted in Clark County in 2024 (2,301 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $24 of loan paydown is wiped out by about $105 of value loss. Plan a longer hold.
• Clark County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.2% rent growth), your $980 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($3k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 5→12/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $3,447 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 35.40% ✓
• Cap rate: 333.57%
• Cash-on-cash: 1168.84%
• DSCR: 53.01
• GRM: 0.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.18% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 60.20×
• Total profit: $58,019
• Equity at exit: $522

10-year hold

• IRR: —
• Equity multiple: 123.52×
• Total profit: $120,067
• Equity at exit: $303

Cash invested: $980 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 71 Landlord-Friendly
• State Nevada: 71 Landlord-Friendly · R+1
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; Clark County (Vegas) had pandemic backlogs; generally landlord-friendly but courts slow.

Methodology + full state rankings →

ZIP-level market 89104

• Rents YoY: 1.2%
• Active inventory: 146
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $1,239 high
• Mortgage (P&I): −$18
• Tax est. 1.5%: −$4 /mo · $52/yr
• Insurance: −$1
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $955

Break-even live

Break-even rent $31

Max offer price $3,500

Occupancy floor 18%

Sensitivity live

Price	-10% $957	-5% $956	+0% $955	+5% $953	+10% $952
Rent	-10% $857	-5% $906	+0% $955	+5% $1,003	+10% $1,052
Rate	-1.0pp $956	-0.5pp $955	base $955	+0.5pp $954	+1.0pp $953

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $875
• Closing costs: $105
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3655 E Sahara Ave Las Vegas, NV	1.0–2.0	1.0	775	$1,260	$1.63	24d	10	0.39mi
1755 Palm St Las Vegas, NV	1.0–2.0	1.0	775	$1,356	$1.75	3d	10	0.41mi
118 S Mojave Rd Unit 6 Las Vegas, NV	1.0	1.0	429	$895	$2.09	24d	1	0.78mi
3040 E Charleston Blvd Las Vegas, NV	1.0	1.0	372	$789	$2.12	3d	10	0.78mi
1175 S Mojave Rd Unit 3 Las Vegas, NV	1.0	1.0	385	$995	$2.58	24d	1	0.78mi
2800 Fremont St Las Vegas, NV	2.0	1.0–2.0	771	$1,660	$2.15	4d	11	1.01mi
2416 Clifford Ave Unit 119 Las Vegas, NV	2.0	1.0	730	$995	$1.36	24d	1	1.14mi
4220 Stewart Ave Las Vegas, NV	1.0	1.0	550	$940	$1.71	44d	1	1.18mi
111 Greenbriar Townhouse Way Las Vegas, NV	1.0	1.0	660	$1,295	$1.96	21d	1	1.27mi
457 N Lamb Blvd Unit B Las Vegas, NV	1.0	1.0	599	$1,000	$1.67	21d	1	1.30mi
429 N Lamb Blvd Las Vegas, NV	1.0	1.0	599	$1,500	$2.50	44d	1	1.33mi
425 N Lamb Blvd Las Vegas, NV	1.0	1.0	599	$1,500	$2.50	44d	1	1.35mi
4701 E Sahara Ave Las Vegas, NV	1.0–2.0	1.0	878	$1,325	$1.51	3d	9	1.36mi
2900 Marlin Ave Unit B Las Vegas, NV	2.0	1.0	750	$1,175	$1.57	44d	1	1.38mi
4700 E Charleston Blvd Las Vegas, NV	1.0–3.0	1.0–2.0	935	$1,198	$1.28	24d	15	1.39mi
3135 S Mojave Rd Las Vegas, NV	1.0–2.0	1.0–2.0	855	$1,728	$2.02	3d	10	1.39mi
405 N Lamb Blvd Las Vegas, NV	1.0	1.0	599	$1,000	$1.67	44d	1	1.39mi
3210 S Sandhill Rd Las Vegas, NV	1.0–2.0	1.0–1.5	661	$1,391	$2.10	2d	12	1.43mi
2908 E Poplar Ave Unit 3 Las Vegas, NV	2.0	2.0	750	$1,100	$1.47	44d	1	1.46mi

Listing history 13 events

1. 2026-06-21
   days on market $3,500 Active 25 DOM
2. 2026-06-18
   days on market $3,500 Active 22 DOM
3. 2026-06-17
   days on market $3,500 Active 21 DOM
4. 2026-06-16
   days on market $3,500 Active 20 DOM
5. 2026-06-15
   days on market $3,500 Active 19 DOM
6. 2026-06-13
   days on market $3,500 Active 17 DOM
7. 2026-06-09
   days on market $3,500 Active 13 DOM
8. 2026-06-08
   days on market $3,500 Active 12 DOM
9. 2026-06-08
   days on market $3,500 Active 11 DOM
10. 2026-06-03
    days on market $3,500 Active 7 DOM
11. 2026-06-02
    days on market $3,500 Active 6 DOM
12. 2026-06-01
    days on market $3,500 Active 5 DOM
13. 2026-05-31
    days on market $3,500 Active 4 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌡 Heat 8/10 Severe
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,867
• − Mortgage interest: −$196
• − Property taxes: −$52
• − Insurance: −$18
• − Repairs & maintenance: −$1,189
• − Management: −$1,189
• − Depreciation: −$102
• Taxable income: $12,120
• Est. tax owed @ 24.0%: −$2,909
• After-tax cash flow: $8,546/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Clark County School District
• NCES district ID: 3200060
• Math proficiency: 21% ▼ -13.00%
• Reading proficiency: 39% ▼ -8.00%
• Median HH income: $53,611
• Composite: 26.48/100
• National rank: #7211
• State rank: #11 of 17 in NV

Livability — Sunrise Manor

• Score: 58/100
• State rank: #83
• US rank: #20692

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D Housing A+ Health & safety F User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sunrise Manor, NV
• County: Clark County · 2,306,105 people
• City population: 102,557
• Metro: Las Vegas-Henderson-Paradise, NV
• Population (ZIP): 39,937
• Household income: $52,228
• Rent vs Own: 57.8% rent · 42.2% own
• Severe rent burden: 2715.0

Population outlook (Clark County) Hauer SSP2

• Today (2025): 2,504,101 people
• By 2030: 2,693,770 · +7.6%
• By 2040: 3,061,208 · +22.2%
• By 2050: 3,400,072 · +35.8%
• By 2075: 4,139,522 · +65.3%
• By 2100: 4,596,916 · +83.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 59% White 21% Two or more races 19% Black 9% Asian 5% Native American 4%
• Hispanic origin (detail): Mexican 45% Cuban 5%
• Common ancestry: Lithuanian 1% Romanian 1% Slovak 1%
• Foreign-born: 32% · Canada, South Korea, Jamaica
• Languages at home: 45% English-only · Spanish 48% Tagalog/Filipino 3% Other Asian/Pacific 1%

Political lean MEDSL · Clark

• 2024 margin: Toss-up / Even · D 50.4% · R 47.8% · Other 1.7%
• 2008→2024 swing: -16.5pp toward R · 2008: 19.1pp · 2024: 2.6pp
• All cycles: 2024: D+2.6 2020: D+9.3 2016: D+10.7 2012: D+14.5 2008: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -262.16%
• Current HPI: 305.4172
• Rent YoY: ▲ 1.18%
• Metro: Las Vegas-Henderson-Paradise, NV
• State GDP YoY: ▲ 3.08%
• F500 in state: 6

Industry mix (Fortune 500 HQ in NV)

Industry	F500 HQs	Revenue
▸Hotels / Casinos	3	$36B