3751 S Nellis Blvd #441 · Paradise, NV 89121

$89,899

3 bd · 2.0 ba · 1,232 sqft · Manufactured · 104 Days on market

Manufactured home Built 2025 Average condition $73/sqft · 63% below area

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Why this score? — see what drove the C+ 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Condition / age +2.8/5.0
• Appreciation +2.5/10.0
• Rent growth +2.5/5.0
• Schools +1.2/10.0
• Manufactured-home adj. -5.6

Listing remarks MLS

HURRY IN! Be A Homeowner!

Key facts

• Built 2025
• Listed 103 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $90k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $390 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $82k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 3.5% in Paradise — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#10 in NV, #3,494 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A-, cost of living B; Watch: employment D+, crime D-.
• 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: Smith Hal Es (math 6% / reading 12%, grade F, #396 of 402 statewide, top 99%, 708 students, 100% FRL); Harney Kathleen & Tim Ms (math 12% / reading 25%, grade F, #81 of 109 statewide, top 74%, 1,279 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); 599 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 43d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $621 of loan paydown is wiped out by about $3k 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 + 0.0% rent growth), your $25k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts 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 $81,808 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 D 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. 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 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: 1.42% ✓
• Cap rate: 11.50%
• Cash-on-cash: 18.61%
• DSCR: 1.83
• GRM: 5.9

CMA / ARV

• ARV (median comp): $245,000
• List price: $89,899
• Delta: -63.31%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3650 Arbolado Dr	0.30mi	3/2.0	1,250 (+2%)	1mo	$245,000	$196	83
3635 Huerta Dr	0.33mi	3/2.0	1,344 (+9%)	12mo	$297,000	$221	59
3500 Cape Cod Dr	0.51mi	3/2.0	1,248 (+1%)	22mo	$270,000	$216	55
3579 Isle Royale Dr	0.63mi	2/2.0 (-1)	1,152 (-6%)	4mo	$115,000	$100	52
3489 Big Sur Dr	0.48mi	4/2.0 (+1)	1,344 (+9%)	7mo	$286,500	$213	52
3415 Big Sur Dr	0.57mi	3/2.0	1,152 (-6%)	20mo	$274,500	$238	46
4931 Vista Flora Way	0.49mi	3/2.0	1,350 (+10%)	19mo	$212,000	$157	46
3438 Isle Royale Dr	0.73mi	3/2.0	1,344 (+9%)	9mo	$275,000	$205	43
3657 Isle Royale Dr	0.59mi	2/2.0 (-1)	1,344 (+9%)	12mo	$251,000	$187	42
4948 Vista Flora Way	0.52mi	3/2.5	1,056 (-14%)	9mo	$286,000	$271	42
3423 Cape Cod Dr	0.58mi	4/2.0 (+1)	1,344 (+9%)	17mo	$300,000	$223	39
3560 Haleakala Dr	0.62mi	2/2.0 (-1)	1,056 (-14%)	4mo	$160,000	$152	39

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

Projected returns pro-forma

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

5-year hold

• IRR: 6.9%
• Equity multiple: 1.26×
• Total profit: $6,559
• Equity at exit: $13,404

10-year hold

• IRR: 13.4%
• Equity multiple: 1.93×
• Total profit: $23,298
• Equity at exit: $7,773

Cash invested: $25,172 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 70 active · 19 under contract
• Months of supply: 52.5 mo (2%/mo absorbed)
• Median asking: $109,900 ($89/sqft)
• Median days on market: 64 d
• This list price: 30% of active listings are priced below it
• ARV vs active asking: +123.9% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 89121

• Rents YoY: -0.1%
• Active inventory: 599
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,280 high
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $390

Break-even live

Break-even rent $786

Max offer price $89,899

Occupancy floor 65%

Sensitivity live

Price	-10% $452	-5% $421	+0% $390	+5% $359	+10% $328
Rent	-10% $289	-5% $340	+0% $390	+5% $441	+10% $491
Rate	-1.0pp $436	-0.5pp $413	base $390	+0.5pp $367	+1.0pp $343

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: $22,475
• Closing costs: $2,697
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3654 Vista del Monte Dr Las Vegas, NV	3.0	2.0	1056	$1,799	$1.70	0d	1	0.21mi
3800 S Nellis Blvd Las Vegas, NV	1.0–3.0	1.0–2.0	943	$1,565	$1.66	0d	13	0.28mi
3850 Mountain Vista St Las Vegas, NV	1.0–3.0	1.0–2.0	802	$1,442	$1.80	0d	8	0.31mi
5051 Sitka Ln Las Vegas, NV	3.0	2.0	1265	$1,225	$0.97	139d	1	0.34mi
5101 E Twain Ave Las Vegas, NV	1.0–2.0	1.0–2.0	780	$1,150	$1.47	139d	4	0.39mi
4455 E Twain Ave Las Vegas, NV	1.0–2.0	1.0–2.0	783	$1,293	$1.65	0d	6	0.42mi
3481 Cape Cod Dr Las Vegas, NV	2.0	2.0	840	$1,300	$1.55	99d	1	0.51mi
3956 Clear View Dr Las Vegas, NV	3.0	2.0	1306	$2,600	$1.99	113d	1	0.51mi
3599 Fort McHenry Dr Las Vegas, NV	3.0	1.0	977	$1,495	$1.53	42d	1	0.52mi
3490 Death Valley Dr Las Vegas, NV	3.0	2.0	1248	$1,550	$1.24	10d	1	0.54mi
4331 Cicada Way Las Vegas, NV	3.0	2.0	1155	$2,695	$2.33	6d	1	0.61mi
4014 Great Plains Way Las Vegas, NV	2.0	1.5	1152	$1,548	$1.34	100d	1	0.67mi
4880 Pancho Villa Dr Las Vegas, NV	3.0	1.0	1288	$1,600	$1.24	10d	1	0.73mi
4264 White Sands Ave Las Vegas, NV	4.0	2.0	1392	$1,650	$1.19	107d	1	0.74mi
3640 Yorba Linda Dr Las Vegas, NV	3.0	2.0	1422	$1,895	$1.33	10d	1	0.81mi
4943 Lana Dr Las Vegas, NV	3.0	2.0	1290	$1,900	$1.47	42d	1	0.84mi
4952 E Harmon Ave Las Vegas, NV	2.0	1.0	800	$1,900	$2.38	119d	1	0.87mi
3150 S Nellis Blvd Las Vegas, NV	1.0–3.0	1.0–2.0	978	$2,006	$2.05	0d	9	0.94mi
4392 Springdale Ct Las Vegas, NV	3.0	2.0	875	$1,900	$2.17	42d	1	0.97mi
4745 Marnell Dr Las Vegas, NV	4.0	2.0	1352	$1,800	$1.33	10d	1	0.99mi
3037 Aloha Ave Las Vegas, NV	3.0	2.0	1270	$1,700	$1.34	64d	1	1.00mi
4047 Grasmere Ave Las Vegas, NV	3.0	3.0	1476	$1,950	$1.32	5d	1	1.00mi
3021 Aloha Ave Las Vegas, NV	3.0	2.0	1270	$1,700	$1.34	42d	1	1.01mi
3400 Cabana Dr Las Vegas, NV	2.0–3.0	2.0	1124	$1,540	$1.37	8d	3	1.02mi
3400 Cabana Dr Las Vegas, NV	2.0	2.0	1053	$1,352	$1.28	83d	2	1.02mi
3400 Cabana Dr Las Vegas, NV	2.0	2.0	1053	$1,262	$1.20	42d	1	1.02mi
3400 Cabana Dr Las Vegas, NV	2.0–3.0	2.0	1124	$1,540	$1.37	2d	2	1.02mi
3400 Cabana Dr Las Vegas, NV	2.0–3.0	2.0	1124	$1,540	$1.37	6d	3	1.02mi
3400 Cabana Dr Las Vegas, NV	2.0–3.0	2.0	1124	$1,350	$1.20	118d	2	1.02mi
3400 Cabana Dr #2019 Las Vegas, NV	2.0	2.0	1053	$1,350	$1.28	111d	1	1.02mi
3055 S Nellis Blvd Las Vegas, NV	1.0–2.0	1.0–2.0	983	$1,426	$1.45	0d	34	1.03mi
4379 Hilldale Ave Las Vegas, NV	2.0	1.0	954	$1,485	$1.56	103d	1	1.04mi
4549 Oakdale Ave Las Vegas, NV	4.0	2.0	1496	$1,800	$1.20	94d	1	1.05mi
5421 E Harmon Ave Las Vegas, NV	1.0–2.0	1.0–2.0	523	$1,175	$2.25	0d	16	1.11mi
3012 S Mountain Vista St Unit MV Condo Las Vegas, NV	2.0	1.0	828	$945	$1.14	139d	1	1.15mi
4855 E Vegas Valley Dr Las Vegas, NV	1.0–3.0	1.0–2.0	949	$1,829	$1.93	3d	15	1.15mi
5692 Great Eagle Ct Las Vegas, NV	3.0	2.0	1436	$2,150	$1.50	6d	1	1.21mi
4382 Del Santos Dr Las Vegas, NV	3.0	2.0	1437	$2,500	$1.74	10d	1	1.22mi
4640 Vegas Valley Dr Las Vegas, NV	1.0–2.0	1.0–2.0	853	$1,340	$1.57	139d	1	1.24mi
2977 Juniper Hills Blvd #104 Las Vegas, NV	2.0	2.0	896	$1,050	$1.17	103d	1	1.25mi

Listing history 18 events

1. 2026-06-30
   days on market $89,899 Active 104 DOM
2. 2026-06-30
   days on market $89,899 Active 103 DOM
3. 2026-06-22
   days on market $89,899 Active 101 DOM
4. 2026-06-21
   days on market $89,899 Active 100 DOM
5. 2026-06-03
   days on market $89,899 Active 98 DOM
6. 2026-06-02
   days on market $89,899 Active 97 DOM
7. 2026-06-01
   days on market $89,899 Active 96 DOM
8. 2026-05-31
   days on market $89,899 Active 95 DOM
9. 2026-04-16
   status Active 25-char remark

   Show marketing remark (25 chars)

   HURRY IN! Be A Homeowner!

10. 2026-04-16
    price $89,899 25-char remark

    Show marketing remark (25 chars)

    HURRY IN! Be A Homeowner!

11. 2025-09-19
    historical 25-char remark

    Show marketing remark (25 chars)

    HURRY IN! Be A Homeowner!

12. 2025-09-03
    status Active 25-char remark

    Show marketing remark (25 chars)

    HURRY IN! Be A Homeowner!

13. 2025-09-03
    historical 25-char remark

    Show marketing remark (25 chars)

    HURRY IN! Be A Homeowner!

14. 2025-08-30
    status Active 25-char remark

    Show marketing remark (25 chars)

    HURRY IN! Be A Homeowner!

15. 2025-08-30
    historical 25-char remark

    Show marketing remark (25 chars)

    HURRY IN! Be A Homeowner!

16. 2025-08-08
    status Active 25-char remark

    Show marketing remark (25 chars)

    HURRY IN! Be A Homeowner!

17. 2025-08-07
    historical 25-char remark

    Show marketing remark (25 chars)

    HURRY IN! Be A Homeowner!

18. 2025-07-31
    listed $89,900 Active 25-char remark

    Show marketing remark (25 chars)

    HURRY IN! Be A Homeowner!

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

Taxation est. · year 1

• Rental income: $15,366
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$449
• − Repairs & maintenance: −$1,229
• − Management: −$1,229
• − Depreciation: −$2,615
• Taxable income: $3,458
• Est. tax owed @ 24.0%: −$830
• After-tax cash flow: $3,854/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.

Condition & rehab AI · 3 photos

Average 55/100 Cosmetic rehab Est. rehab $6,160–$18,480 screening

This manufactured home requires some cosmetic updates to its kitchen and bathroom, which can significantly enhance its resale and rental value.

Repairs flagged

• Minor Kitchen cabinets — Cabinets appear slightly worn but not damaged.
• Minor Bathroom flooring — Carpeted flooring in the bathroom shows some wear.
• Minor Kitchen countertops — Granite countertops appear clean but could be refreshed with a sealant.
• Minor Bathroom fixtures — Standard toilet and sink setup could be updated for a more modern look.

Value-add opportunities

• Both Paint interior walls — Fresh paint can make the home appear more modern and appealing to buyers. ↑
• Both Replace kitchen cabinets — New cabinets can significantly enhance the kitchen's appearance and functionality. ↑
• Both Install new flooring in bathroom — New flooring can improve the bathroom's appearance and make it more functional. ↑
• Both Update kitchen countertops — Fresh countertops can make the kitchen more modern and appealing to buyers. ↑
• Both Replace bathroom fixtures — Modern fixtures can make the bathroom more functional and appealing to buyers. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 12/100

Zoned Schools

Elementary Smith Hal Es F NV #396/402 Nat'l #39,659/41,679 Middle Harney Kathleen & Tim Ms F NV #81/109 Nat'l #12,017/14,009 High Chaparral Hs F NV #128/131 Nat'l #16,600/17,239

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

B Composite livability gradescore 76/100

Livability — Paradise

• Score: 76/100
• State rank: #10
• US rank: #3494

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Paradise, NV
• County: Clark County · 2,504,101 people
• City population: 227,885
• 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: 11% of renters

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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%

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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%

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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

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Industry mix (Fortune 500 HQ in NV)

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

Price history

-0.0% since first listed

10 events — show timeline

• 2026-04-16 Relisted — Zillow
• 2026-04-16 Price Changed $89,899 Zillow
• 2025-09-19 Delisted — Zillow
• 2025-09-03 Relisted — Zillow
• 2025-09-03 Delisted — Zillow
• 2025-08-30 Relisted — Zillow
• 2025-08-30 Delisted — Zillow
• 2025-08-08 Relisted — Zillow
• 2025-08-07 Delisted — Zillow
• 2025-07-31 Listed $89,900 Zillow