376 Valley Bend Dr · Spring Creek, NV 89815

$315,000

2 bd · 2.0 ba · 1,488 sqft · SingleFamily public records · 85 Days on market

Built 1978 1.21 ac lot $212/sqft · 10% below area Est $349k · 10% under $86/mo HOA · 5% 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).

• ARV discount +11.9/15.0
• Cash flow +7.0/30.0
• Appreciation +5.1/10.0
• Livability +3.4/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.2/10.0
• 1% rule +1.0/10.0

Listing remarks MLS

Welcome to 376 Valley Bend Dr in the heart of Spring Creek-where wide open spaces meet everyday comfort. This beautifully maintained home offers the perfect blend of functionality and Nevada charm, sitting on a spacious lot with room to breathe, play, and grow. Step inside to find a bright and inviting layout filled with natural light, featuring a well-appointed kitchen, comfortable living spaces, and thoughtfully designed bedrooms that make this home ideal for both relaxing and entertaining. The open flow creates an easy, welcoming feel from the moment you walk in. Outside, enjoy expansive views, plenty of room for toys, animals, or future improvements, and the kind of peaceful setting Spring Creek is known for. Whether you're sipping coffee in the morning or watching the sunset in the evening, this property delivers that true Northern Nevada lifestyle.

Key facts

• Expansive views
• Spacious lot
• Peaceful setting

Tags

• SPACIOUS LOT
• WELL-APPOINTED KITCHEN
• EXPANSIVE VIEWS
• PEACEFUL SETTING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $-457 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $234k (25.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (39.7% below list).
• Recommended offer: $190k (39.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#32 in NV) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B; Watch: health & safety C-, amenities F, commute F.
• Elko County School District (town): math 22% / reading 38% proficiency, ranked #9 of 17 in NV (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Spring Creek Elementary School (math 37% / reading 42%, grade F, #116 of 402 statewide, top 31%, 421 students, 16% FRL); Spring Creek Middle School (math 15% / reading 43%, grade F, #52 of 109 statewide, top 47%, 734 students, 20% FRL); Spring Creek High School (math 32% / reading 47%, grade F, #43 of 131 statewide, top 33%, 909 students, 16% FRL).
• Market conditions: 127 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 120 units permitted in Elko County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($2k loan paydown + $344 appreciation (0.1% local appreciation)).
• Elko County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 10, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($296k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $190,016 (39.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 40% concession, seller financing, or rate buy-down credit?
3. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 0.60% ✗
• Cap rate: 4.55%
• Cash-on-cash: -6.22%
• DSCR: 0.72
• GRM: 13.8

CMA / ARV

• ARV (median comp): $349,186
• List price: $315,000
• Delta: -9.79%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
467 Blakeland Dr	0.54mi	3/2.0 (+1)	1,496 (+0%)	10mo	$355,000	$237	60
426 Flora Dr	0.53mi	3/2.0 (+1)	1,411 (-5%)	8mo	$353,000	$250	56
418 Flora Dr	0.42mi	3/2.0 (+1)	1,604 (+8%)	11mo	$403,500	$252	53
472 Flora Bay	0.59mi	3/2.0 (+1)	1,554 (+4%)	12mo	$385,000	$248	50
282 Lawndale Dr	0.71mi	3/2.0 (+1)	1,399 (-6%)	3mo	$370,000	$264	49
287 Flora Dr	0.45mi	3/2.5 (+1)	1,664 (+12%)	9mo	$349,000	$210	45
217 Blakeland Dr	0.70mi	3/2.0 (+1)	1,348 (-9%)	2mo	$325,000	$241	44
262 Glenvista Dr	0.63mi	3/2.0 (+1)	1,664 (+12%)	2mo	$376,000	$226	44
485 Blakeland Dr	0.69mi	3/2.0 (+1)	1,340 (-10%)	11mo	$328,000	$245	37
301 Lawndale Dr	0.64mi	3/2.0 (+1)	1,680 (+13%)	9mo	$510,000	$304	36
435 Flora Dr	0.64mi	3/2.5 (+1)	1,703 (+14%)	13mo	$349,900	$205	28
282 Northglen Dr	0.74mi	3/2.0 (+1)	1,698 (+14%)	11mo	$421,000	$248	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.11% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.58×
• Total profit: $-36,807
• Equity at exit: $93,188

10-year hold

• IRR: -2.8%
• Equity multiple: 0.70×
• Total profit: $-26,796
• Equity at exit: $113,400

Cash invested: $88,200 (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 89815

• Home prices YoY: 0.1%
• Active inventory: 127
• Price-to-rent: 13.8×

Monthly cashflow live

• Estimated rent: $1,900 medium
• Mortgage (P&I): −$1,652
• Tax from tax record: −$89 /mo · $1,068/yr
• Insurance: −$131
• HOA: −$86
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $-457

Break-even live

Break-even rent $2,479

Max offer price $234,273

Occupancy floor —

Sensitivity live

Price	-10% $-279	-5% $-368	+0% $-457	+5% $-546	+10% $-635
Rent	-10% $-607	-5% $-532	+0% $-457	+5% $-382	+10% $-307
Rate	-1.0pp $-298	-0.5pp $-377	base $-457	+0.5pp $-539	+1.0pp $-622

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
228 Spring Creek Pkwy Spring Creek, NV	3.0	1.0	900	$1,500	$1.67	45d	1	0.86mi
255 Country Club Pkwy Spring Creek, NV	3.0	2.0	1230	$1,800	$1.46	45d	1	0.94mi

HOA detail

• Monthly dues: $86 · $1,032/yr

Listing history 25 events

1. 2026-06-21
   days on market $315,000 Active 85 DOM
2. 2026-06-19
   days on market $315,000 Active 83 DOM
3. 2026-06-18
   days on market $315,000 Active 82 DOM
4. 2026-06-17
   days on market $315,000 Active 81 DOM
5. 2026-06-16
   days on market $315,000 Active 80 DOM
6. 2026-06-15
   days on market $315,000 Active 79 DOM
7. 2026-06-14
   days on market $315,000 Active 77 DOM
8. 2026-06-12
   days on market $315,000 Active 76 DOM
9. 2026-06-09
   days on market $315,000 Active 73 DOM
10. 2026-06-08
    days on market $315,000 Active 72 DOM
11. 2026-06-07
    days on market $315,000 Active 71 DOM
12. 2026-06-07
    days on market $315,000 Active 70 DOM
13. 2026-06-04
    days on market $315,000 Active 67 DOM
14. 2026-06-02
    days on market $315,000 Active 66 DOM
15. 2026-06-01
    days on market $315,000 Active 65 DOM
16. 2026-05-31
    days on market $315,000 Active 64 DOM
17. 2026-05-31
    days on market $315,000 Active 63 DOM
18. 2026-03-28
    listed $315,000 Active 866-char remark

    Show marketing remark (866 chars)

    Welcome to 376 Valley Bend Dr in the heart of Spring Creek-where wide open spaces meet everyday comfort. This beautifully maintained home offers the perfect blend of functionality and Nevada charm, sitting on a spacious lot with room to breathe, play, and grow. Step inside to find a bright and inviting layout filled with natural light, featuring a well-appointed kitchen, comfortable living spaces, and thoughtfully designed bedrooms that make this home ideal for both relaxing and entertaining. The open flow creates an easy, welcoming feel from the moment you walk in. Outside, enjoy expansive views, plenty of room for toys, animals, or future improvements, and the kind of peaceful setting Spring Creek is known for. Whether you're sipping coffee in the morning or watching the sunset in the evening, this property delivers that true Northern Nevada lifestyle.

19. 2024-09-13
    soldstatus $299,000 Closed 689-char remark

    Show marketing remark (689 chars)

    Nestled among towering pine trees, this adorable home offers the perfect starter home with breathtaking views. The open floor plan includes a comfortable living area, a well-equipped kitchen with newer appliances. Featuring 3 bedrooms; 2 full baths all on a single level and priced to sell fast. Blinds throughout the home with digital auto blinds in the living room, new hot water heater, vinyl windows, laminate flooring, window units that keep the home comfortable due the big pines trees that surround it. Digital controlled baseboard heat, storage shed, play house, swing set all stay at no dollar value or warranty. Tiled kitchen counters. Don't miss out this one will not last long.

20. 2024-09-13
    soldstatus $299,000

    Show marketing remark (689 chars)

    Nestled among towering pine trees, this adorable home offers the perfect starter home with breathtaking views. The open floor plan includes a comfortable living area, a well-equipped kitchen with newer appliances. Featuring 3 bedrooms; 2 full baths all on a single level and priced to sell fast. Blinds throughout the home with digital auto blinds in the living room, new hot water heater, vinyl windows, laminate flooring, window units that keep the home comfortable due the big pines trees that surround it. Digital controlled baseboard heat, storage shed, play house, swing set all stay at no dollar value or warranty. Tiled kitchen counters. Don't miss out this one will not last long.

21. 2024-08-01
    status Pending 689-char remark

    Show marketing remark (689 chars)

    Nestled among towering pine trees, this adorable home offers the perfect starter home with breathtaking views. The open floor plan includes a comfortable living area, a well-equipped kitchen with newer appliances. Featuring 3 bedrooms; 2 full baths all on a single level and priced to sell fast. Blinds throughout the home with digital auto blinds in the living room, new hot water heater, vinyl windows, laminate flooring, window units that keep the home comfortable due the big pines trees that surround it. Digital controlled baseboard heat, storage shed, play house, swing set all stay at no dollar value or warranty. Tiled kitchen counters. Don't miss out this one will not last long.

22. 2024-07-29
    listed $299,000 Active 689-char remark

    Show marketing remark (689 chars)

    Nestled among towering pine trees, this adorable home offers the perfect starter home with breathtaking views. The open floor plan includes a comfortable living area, a well-equipped kitchen with newer appliances. Featuring 3 bedrooms; 2 full baths all on a single level and priced to sell fast. Blinds throughout the home with digital auto blinds in the living room, new hot water heater, vinyl windows, laminate flooring, window units that keep the home comfortable due the big pines trees that surround it. Digital controlled baseboard heat, storage shed, play house, swing set all stay at no dollar value or warranty. Tiled kitchen counters. Don't miss out this one will not last long.

23. 2013-03-07
    soldstatus $169,500
24. 2012-07-16
    soldstatus $94,500
25. 1996-01-12
    soldstatus $85,000

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

Tax reassessment forecast NV · Resets to sale price

• Current annual tax: $1,068 · $89/mo
• Projected year-2 tax: $1,858 · $155/mo
• Expected delta: +$791/yr (+$66/mo · 74.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 9/10 Extreme
• 🌡 Heat 4/10 Moderate 7 d/yr ≥90°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,802
• − Mortgage interest: −$17,645
• − Property taxes: −$1,068
• − Insurance: −$1,575
• − Repairs & maintenance: −$1,824
• − Management: −$1,824
• − HOA: −$1,032
• − Depreciation: −$9,164
• Taxable loss: −$11,329
• Est. tax savings @ 24.0%: +$2,719
• After-tax cash flow: $-2,765/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: Elko County School District
• NCES district ID: 3200120
• Math proficiency: 22% ▼ -10.00%
• Reading proficiency: 38% ▼ -6.00%
• Median HH income: $70,371
• Composite: 28.09/100
• National rank: #6831
• State rank: #9 of 17 in NV

Livability — Spring Creek

• Score: 68/100
• State rank: #32
• US rank: #9445

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spring Creek, NV
• County: Elko County · 15,636 people
• City population: 15,636
• Metro: Elko, NV
• Population (ZIP): 15,636
• Household income: $102,926
• Rent vs Own: 12.1% rent · 87.9% own
• Severe rent burden: 172.0

Population outlook (Elko County) Hauer SSP2

• Today (2025): 56,797 people
• By 2030: 59,107 · +4.1%
• By 2040: 63,513 · +11.8%
• By 2050: 66,996 · +18.0%
• By 2075: 73,785 · +29.9%
• By 2100: 72,352 · +27.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 9%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Italian 5% Lithuanian 4% Portuguese 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Elko

• 2024 margin: Solid R (+56.6) · D 20.6% · R 77.2% · Other 2.1%
• 2008→2024 swing: -16.2pp toward R · 2008: -40.5pp · 2024: -56.6pp
• All cycles: 2024: R+56.6 2020: R+55.5 2016: R+54.7 2012: R+53.2 2008: R+40.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.11%
• Current HPI: 160.8242
• Rent YoY: —
• Metro: Elko, 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

+270.6% since first listed

8 events — show timeline

• 2026-03-28 Listed $315,000 ECRMLS
• 2024-09-13 Sold (Public Records) $299,000 Public Records
• 2024-09-13 Sold (MLS) $299,000 ECRMLS
• 2024-08-01 Pending — ECRMLS
• 2024-07-29 Listed $299,000 ECRMLS
• 2013-03-07 Sold (Public Records) $169,500 Public Records
• 2012-07-16 Sold (Public Records) $94,500 Public Records
• 1996-01-12 Sold (Public Records) $85,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $1,068 · +5.8% YoY. Source: county tax records.