2853 Wheelwright Dr · Sunrise Manor, NV 89121

$575,000

8 bd · 8.0 ba · 3,672 sqft · MultiFamily public records · 24 Days on market

Built 1984 2,178 sqft lot

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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 +16.5/30.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• 1% rule +3.4/10.0
• Livability +2.9/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

AMAZING FOURPLEX OPPORTUNITY. .. ALL UNITS ARE (2) BEDROOMS (2) BATHROOMS. BUILDING IS IN EXCELLENT CONDITION. .OPEN FLOOR PLANS. WASHER/DRYER AND DISHWASHER IN ALL UNITS. NEW ROOF WAS JUST INSTALLED JULY 2022.. COVERED PARKING. . GREAT COMMUNITY WITH A POOL!! AWESOME INVESTMENT OPPORTUNITY!! HOA DUES INCLUDE TRASH, SEWER. .. WALK TO PARK AND BUS LINES. BUYER TO VERIFY ALL INFORMATION

Key facts

• Covered parking
• Walkable to park
• Open floor plans

Tags

• OPEN FLOOR PLANS
• NEW ROOF
• COVERED PARKING
• COMMUNITY WITH A POOL
• WALKABLE TO PARK
• WALKABLE TO BUS LINES

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/2.0-bath units multifamily listed at $575k.

Deal economics

• At list price, monthly cash flow is $335 ($4k/yr) — positive. Per door: $84/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $484k (15.8% below list).
• Recommended offer: $484k (15.8% below list) — sets the bar for 1% rule.

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, crime F, amenities 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.
• Zoned schools: Dearing Laura Es (math 12% / reading 18%, grade F, #338 of 402 statewide, top 85%, 837 students, 100% FRL); Mack Jerome Ms (math 8% / reading 17%, grade F, #102 of 109 statewide, top 94%, 1,069 students, 100% FRL); Chaparral Hs (math 3% / reading 15%, grade F, #128 of 131 statewide, top 98%, 2,256 students, 100% FRL) — zoned schools average 100% FRL vs 52% district-wide (48 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 12% at this address vs 30% district-wide (-18 pts) — the specific schools serving this property underperform the Clark County School District average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.1%/yr); 413 active listings in the ZIP; 14,754 units permitted in Clark County in 2024 (2,301 in 5+ unit buildings).
• At $4,839/mo this rent would consume 104% of the median local household income ($56k/yr) (locally 4080% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $17k 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.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($566k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $483,900 (15.8% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.84% ✗
• Cap rate: 6.99%
• Cash-on-cash: 2.50%
• DSCR: 1.11
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -15.4%
• Equity multiple: 0.46×
• Total profit: $-86,231
• Equity at exit: $85,734

10-year hold

• IRR: -12.3%
• Equity multiple: 0.36×
• Total profit: $-103,318
• Equity at exit: $49,715

Cash invested: $161,000 (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 89121

• Rents YoY: -0.1%
• Active inventory: 413
• Price-to-rent: 39.6×

Monthly cashflow live

• Estimated rent: $4,839 high
• Mortgage (P&I): −$3,015
• Tax from tax record: −$233 /mo · $2,792/yr
• Insurance: −$240
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,016
• Net cashflow: $335

Break-even live

Break-even rent $4,415

Max offer price $575,000

Occupancy floor 88%

Sensitivity live

Price	-10% $661	-5% $498	+0% $335	+5% $172	+10% $10
Rent	-10% $-47	-5% $144	+0% $335	+5% $526	+10% $718
Rate	-1.0pp $625	-0.5pp $481	base $335	+0.5pp $186	+1.0pp $35

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	2	$4,840
Total (4 units)			$4,839

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: $143,750
• Closing costs: $17,250
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-02-26
   status Pending
2. 2026-02-20
   status Active
3. 2026-02-17
   status Pending
4. 2026-01-30
   listed $575,000 Active
5. 2022-11-21
   soldstatus $535,000 Closed 388-char remark

   Show marketing remark (388 chars)

   AMAZING FOURPLEX OPPORTUNITY. .. ALL UNITS ARE (2) BEDROOMS (2) BATHROOMS. BUILDING IS IN EXCELLENT CONDITION. .OPEN FLOOR PLANS. WASHER/DRYER AND DISHWASHER IN ALL UNITS. NEW ROOF WAS JUST INSTALLED JULY 2022.. COVERED PARKING. . GREAT COMMUNITY WITH A POOL!! AWESOME INVESTMENT OPPORTUNITY!! HOA DUES INCLUDE TRASH, SEWER. .. WALK TO PARK AND BUS LINES. BUYER TO VERIFY ALL INFORMATION

6. 2022-11-21
   soldstatus $535,000

   Show marketing remark (388 chars)

   AMAZING FOURPLEX OPPORTUNITY. .. ALL UNITS ARE (2) BEDROOMS (2) BATHROOMS. BUILDING IS IN EXCELLENT CONDITION. .OPEN FLOOR PLANS. WASHER/DRYER AND DISHWASHER IN ALL UNITS. NEW ROOF WAS JUST INSTALLED JULY 2022.. COVERED PARKING. . GREAT COMMUNITY WITH A POOL!! AWESOME INVESTMENT OPPORTUNITY!! HOA DUES INCLUDE TRASH, SEWER. .. WALK TO PARK AND BUS LINES. BUYER TO VERIFY ALL INFORMATION

7. 2022-10-06
   status Pending 388-char remark

   Show marketing remark (388 chars)

   AMAZING FOURPLEX OPPORTUNITY. .. ALL UNITS ARE (2) BEDROOMS (2) BATHROOMS. BUILDING IS IN EXCELLENT CONDITION. .OPEN FLOOR PLANS. WASHER/DRYER AND DISHWASHER IN ALL UNITS. NEW ROOF WAS JUST INSTALLED JULY 2022.. COVERED PARKING. . GREAT COMMUNITY WITH A POOL!! AWESOME INVESTMENT OPPORTUNITY!! HOA DUES INCLUDE TRASH, SEWER. .. WALK TO PARK AND BUS LINES. BUYER TO VERIFY ALL INFORMATION

8. 2022-08-01
   listed $529,000 Active 388-char remark

   Show marketing remark (388 chars)

   AMAZING FOURPLEX OPPORTUNITY. .. ALL UNITS ARE (2) BEDROOMS (2) BATHROOMS. BUILDING IS IN EXCELLENT CONDITION. .OPEN FLOOR PLANS. WASHER/DRYER AND DISHWASHER IN ALL UNITS. NEW ROOF WAS JUST INSTALLED JULY 2022.. COVERED PARKING. . GREAT COMMUNITY WITH A POOL!! AWESOME INVESTMENT OPPORTUNITY!! HOA DUES INCLUDE TRASH, SEWER. .. WALK TO PARK AND BUS LINES. BUYER TO VERIFY ALL INFORMATION

9. 2003-09-30
   soldstatus $256,000
10. 1999-07-08
    soldstatus $185,000
11. 1990-03-21
    soldstatus $180,000

ⓘ 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: $2,792 · $233/mo
• Projected year-2 tax: $3,392 · $283/mo
• Expected delta: +$601/yr (+$50/mo · 21.5%)

ⓘ 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 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $58,068
• − Mortgage interest: −$32,209
• − Property taxes: −$2,792
• − Insurance: −$2,875
• − Repairs & maintenance: −$4,645
• − Management: −$4,645
• − Depreciation: −$16,727
• Taxable loss: −$5,826
• Est. tax savings @ 24.0%: +$1,398
• After-tax cash flow: $5,421/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): 68,406
• Household income: $55,758
• Rent vs Own: 48.7% rent · 51.3% own
• Severe rent burden: 4080.0

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 0.65)
• Race & ethnicity: Hispanic / Latino 49% White 31% Two or more races 16% Black 11% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 30% Puerto Rican 1% Cuban 5%
• Common ancestry: Lithuanian 2% Romanian 1% Slovak 1%
• Foreign-born: 27% · Canada, Dominican Republic, Jamaica
• Languages at home: 57% English-only · Spanish 37% 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: ▼ -241.85%
• Current HPI: 302.201
• Rent YoY: ▼ -0.10%
• 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

+219.4% since first listed

11 events — show timeline

• 2026-02-26 Pending — GLVAR
• 2026-02-20 Relisted — GLVAR
• 2026-02-17 Pending — GLVAR
• 2026-01-30 Listed $575,000 GLVAR
• 2022-11-21 Sold (Public Records) $535,000 Public Records
• 2022-11-21 Sold (MLS) $535,000 GLVAR
• 2022-10-06 Pending — GLVAR
• 2022-08-01 Listed $529,000 GLVAR
• 2003-09-30 Sold (Public Records) $256,000 Public Records
• 1999-07-08 Sold (Public Records) $185,000 Public Records
• 1990-03-21 Sold (Public Records) $180,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $2,792 · +7.9% YoY. Source: county tax records.