1401 Linnbaker Ln #202 · Las Vegas, NV 89110

$1,150

2 bd · 2.0 ba · 1,047 sqft · Condo public records · 6 Days on market

Built 1995 $290/mo HOA · 22% of rent

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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 +4.0/5.0
• Rent growth +2.9/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is ready for move in. The spacious 2-bedroom, 2-bath home is located in a desirable gated community that offers peace of mind and added security. Residents can enjoy access to two sparkling community pools, creating a resort-style atmosphere year-round. With its strong rental appeal and excellent amenities, this home is an ideal choice for investors or future homeowners alike. Depending on terms owner is willing to carry

Key facts

• Community pool
• In unit laundry
• $290 HOA

Tags

• PRIVATE COVERED BALCONY
• IN UNIT LAUNDRY
• ASSIGNED COVERED PARKING
• COMMUNITY POOL

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $1k.

Deal economics

• At list price, monthly cash flow is $751 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1k).

Location & tenants

• Location reads 80/100 on livability (#2 in NV, #1,723 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: 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 (+1.8%/yr); 260 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $8 of loan paydown is wiped out by about $34 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 + 1.8% rent growth), your $322 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 17y ago; this cycle's ask has dropped $184k (99%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,150

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 115.50% ✓
• Cap rate: 790.36%
• Cash-on-cash: 2800.23%
• DSCR: 125.59
• GRM: 0.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.78% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 144.66×
• Total profit: $46,258
• Equity at exit: $171

10-year hold

• IRR: —
• Equity multiple: 299.94×
• Total profit: $96,259
• Equity at exit: $99

Cash invested: $322 (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 89110

• Rents YoY: 1.8%
• Active inventory: 260
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $1,328 high
• Mortgage (P&I): −$6
• Tax est. 1.5%: −$1 /mo · $17/yr
• Insurance: −$0
• HOA: −$290
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $751

Break-even live

Break-even rent $377

Max offer price $1,150

Occupancy floor 38%

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: $288
• Closing costs: $34
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1440 Jamielinn Ln #102 Las Vegas, NV	2.0	2.0	1047	$1,150	$1.10	4d	1	0.07mi
4302 Lynnann Dr Las Vegas, NV	2.0	1.5	952	$1,350	$1.42	44d	1	0.19mi
4156 Abrams Ave Las Vegas, NV	3.0	2.0	1005	$1,700	$1.69	44d	1	0.19mi
1492 N Lamb Blvd Las Vegas, NV	1.0–2.0	1.0	739	$1,529	$2.07	2d	9	0.20mi
917 Bridgewater St Las Vegas, NV	2.0	1.0	749	$1,050	$1.40	44d	1	0.22mi
1400 Henry Ave Unit D Las Vegas, NV	2.0	1.0	898	$915	$1.02	44d	1	0.25mi
4105 Abrams Ave Las Vegas, NV	3.0	2.5	1400	$2,094	$1.50	44d	1	0.25mi
3980 E Owens Ave Unit 206 Las Vegas, NV	2.0	2.0	880	$1,400	$1.59	44d	1	0.32mi
3980 E Owens Ave Unit 122 Las Vegas, NV	2.0	2.0	880	$1,450	$1.65	44d	1	0.32mi
1111 N Lamb Blvd #209 Las Vegas, NV	3.0	2.0	1310	$1,399	$1.07	3d	1	0.35mi
1111 N Lamb Blvd #125 Las Vegas, NV	2.0	2.0	1076	$1,299	$1.21	17d	1	0.35mi
3972 Danny Melamed Ave #102 Las Vegas, NV	2.0	2.0	895	$985	$1.10	44d	1	0.36mi
1517 Frank Aved St #202 Las Vegas, NV	2.0	2.0	895	$1,025	$1.15	15d	1	0.36mi
3961 Danny Melamed Ave #201 Las Vegas, NV	2.0	2.0	895	$999	$1.12	44d	1	0.38mi
3956 Danny Melamed Ave #101 Las Vegas, NV	2.0	2.0	895	$1,050	$1.17	2d	1	0.41mi
3956 Danny Melamed Ave #101 Las Vegas, NV	2.0	2.0	895	$1,050	$1.17	8d	1	0.41mi
1700 N Lamb Blvd Las Vegas, NV	2.0	2.0	989	$1,475	$1.49	8d	2	0.41mi
870 Flagstone Way Las Vegas, NV	2.0	1.5	1102	$1,450	$1.32	24d	1	0.43mi
882 Ripple Way Las Vegas, NV	2.0	1.5	1116	$1,499	$1.34	24d	1	0.44mi
894 Rhinegold Way Las Vegas, NV	2.0	1.5	1116	$1,340	$1.20	44d	1	0.50mi
4160 E Tonopah Ave Unit 4160 Tonopah 115 Las Vegas, NV	2.0	1.0	803	$1,200	$1.49	22d	1	0.50mi
4220 E Tonopah Ave Apt 204 Las Vegas, NV	2.0	1.0	900	$1,000	$1.11	44d	1	0.52mi
4181 Terrestrial Dr Unit 120 Las Vegas, NV	2.0	1.0	803	$1,050	$1.31	44d	1	0.52mi
4181 Terrestrial Ln Las Vegas, NV	2.0	1.0	803	$1,100	$1.37	44d	1	0.52mi
1858 Dwarf Star Dr Unit 233 Las Vegas, NV	2.0	1.0	800	$1,200	$1.50	24d	1	0.59mi
3630 E Owens Ave Las Vegas, NV	2.0–3.0	1.0–2.0	924	$900	$0.97	2d	28	0.70mi
4162 Orbit Ave Unit 2055 Las Vegas, NV	2.0	1.0	803	$1,000	$1.25	24d	1	0.71mi
628 Triest Ct Apt D Las Vegas, NV	2.0	1.0	731	$950	$1.30	8d	1	0.72mi
1998 Dwarf Star Dr Unit 1041 Las Vegas, NV	2.0	1.0	803	$1,150	$1.43	2d	1	0.72mi
1836 Luna Alegre St Las Vegas, NV	3.0	2.5	1369	$1,840	$1.34	12d	1	0.75mi
4000 E Bonanza Rd Las Vegas, NV	1.0–2.0	1.0–2.0	850	$1,525	$1.79	3d	7	0.79mi
3638 Via El Monte Ave Las Vegas, NV	3.0	2.5	1195	$1,850	$1.55	44d	1	0.85mi
1888 Via del Rey Ct Las Vegas, NV	3.0	2.5	1200	$1,818	$1.51	3d	1	0.86mi
824 Hedge Way #2 Las Vegas, NV	3.0	2.0	1022	$1,300	$1.27	22d	1	0.88mi
4770 E Owens Ave Las Vegas, NV	1.0–2.0	1.0–2.0	915	$1,559	$1.70	4d	10	0.90mi
1001 N Pecos Rd Las Vegas, NV	1.0–3.0	1.0–2.0	875	$1,188	$1.36	3d	7	0.92mi
3700 E Bonanza Rd Las Vegas, NV	1.0–2.0	1.0–2.0	850	$1,260	$1.48	2d	8	0.94mi
4521 E Bonanza Rd Las Vegas, NV	1.0–2.0	1.0–2.0	897	$1,827	$2.04	2d	14	0.95mi
1830 N Pecos Rd Las Vegas, NV	1.0–2.0	1.0–2.0	822	$1,367	$1.66	3d	5	0.96mi
3650 E Lake Mead Blvd Las Vegas, NV	1.0–3.0	1.0–2.0	868	$1,250	$1.44	3d	19	0.97mi

HOA detail condo

• Monthly dues: $290 · $3,480/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $1,150 Active 6 DOM
2. 2026-06-17
   days on market $1,150 Active 5 DOM
3. 2026-06-16
   days on market $1,150 Active 4 DOM
4. 2026-06-15
   days on market $1,150 Active 3 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   pricestatusdays on marketlisting id $1,150 Active 1 DOM
7. 2026-06-02
   status $184,900 Pending 81 DOM
8. 2026-06-01
   days on market $184,900 Active 81 DOM
9. 2026-05-31
   days on market $184,900 Active 80 DOM
10. 2026-03-12
    listed $184,900 Active 434-char remark

    Show marketing remark (434 chars)

    This home is ready for move in. The spacious 2-bedroom, 2-bath home is located in a desirable gated community that offers peace of mind and added security. Residents can enjoy access to two sparkling community pools, creating a resort-style atmosphere year-round. With its strong rental appeal and excellent amenities, this home is an ideal choice for investors or future homeowners alike. Depending on terms owner is willing to carry

11. 2026-01-15
    historical
12. 2025-11-14
    listed $184,900 Active
13. 2014-03-17
    historical
14. 2014-03-17
    soldstatus $55,000
15. 2014-03-02
    historical Contingent Offer
16. 2014-02-21
    listed $60,000 Exclusive Right
17. 2009-12-11
    soldstatus $29,050
18. 2009-12-11
    historical
19. 2009-10-16
    listed $23,900
20. 2006-08-25
    soldstatus $156,000
21. 1995-08-24
    soldstatus $68,500

ⓘ 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

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,939
• − Mortgage interest: −$64
• − Property taxes: −$17
• − Insurance: −$6
• − Repairs & maintenance: −$1,275
• − Management: −$1,275
• − HOA: −$3,480
• − Depreciation: −$33
• Taxable income: $9,788
• Est. tax owed @ 24.0%: −$2,349
• After-tax cash flow: $6,668/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 — Las Vegas

• Score: 80/100
• State rank: #2
• US rank: #1723

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Las Vegas, NV
• County: Clark County · 2,306,105 people
• City population: 1,643,591
• Metro: Las Vegas-Henderson-Paradise, NV
• Population (ZIP): 69,107
• Household income: $61,001
• Rent vs Own: 45.5% rent · 54.5% own
• Severe rent burden: 3134.0

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 0.55)
• Race & ethnicity: Hispanic / Latino 63% White 20% Two or more races 18% Black 8% Asian 5% Native American 2%
• Hispanic origin (detail): Mexican 52% Cuban 3%
• Common ancestry: Lithuanian 1% Italian 1% Romanian 1%
• Foreign-born: 31% · Canada
• Languages at home: 42% English-only · Spanish 53% Tagalog/Filipino 2% 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: ▼ -165.11%
• Current HPI: 299.1815
• Rent YoY: ▲ 1.78%
• 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

Price history

+169.9% since first listed

12 events — show timeline

• 2026-03-12 Listed $184,900 GLVAR
• 2026-01-15 Listing Removed — GLVAR
• 2025-11-14 Listed $184,900 GLVAR
• 2014-03-17 Listing Removed — GLVAR
• 2014-03-17 Sold (Public Records) $55,000 Public Records
• 2014-03-02 Contingent — GLVAR
• 2014-02-21 Listed $60,000 GLVAR
• 2009-12-11 Listing Removed — GLVAR
• 2009-12-11 Sold (MLS) $29,050 GLVAR
• 2009-10-16 Listed $23,900 GLVAR
• 2006-08-25 Sold (Public Records) $156,000 Public Records
• 1995-08-24 Sold (Public Records) $68,500 Public Records

Property tax history

-1.6%/yr

Latest (2025): $611 · +7.5% YoY. Source: county tax records.