1829 Princeton St · North Las Vegas, NV 89030

$99,900

2 bd · 2.0 ba · 912 sqft · SingleFamily public records · 7 Days on market

Built 1930 5,227 sqft lot

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Why this score? — see what drove the B- 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 +7.8/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Barbequed to Perfection! Well, almost. The 1930 built home suffered a minor setback mid-last month when some uninvited guests were unable to successfully navigate the intricacies of a modern stove, and burned the place down. It is now being offered to you, the ambitious investor, and will be sold to the highest bidder next week. This property was previously configured as a house with and additional studio, a guest house and two storage sheds. The main house was split into two units, the front unit suffered most of the damage. The rear studio and guest house appear unaffected by the fire. The power meter has been removed and all utilities are now off. Bring your favorite contractor and your

Key facts

• 5,227 sq ft lot
• Built 1930
• Listed 7 days

Property features AI

Exterior

• Parking: Open parking
• Utilities: Public water; Public sewer; Cable available; No photovoltaics
• Home design: Single-family property; Single-story; Resale condition
• Construction: Composition/Shingle roof; Resale (existing) construction
• Exterior features: Private yard; Back yard block fencing; Faces east; Less than quarter acre lot

Interior

• Kitchen: Kitchen (details available)
• Bedrooms: Space for 2 possible bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central electric cooling
• Interior features: Bedroom on main level; Unfurnished; Carpet flooring; Other interior features: None
• Laundry & utility: Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).

Location & tenants

• Location reads 74/100 on livability (#14 in NV, #4,471 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, cost of living B; Watch: crime D+, schools 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.
• Market conditions: Rents rising (+3.0%/yr); 151 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% 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).
• This rent runs 32% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 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 + 3.0% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.28% ✓
• Cap rate: 11.27%
• Cash-on-cash: 17.76%
• DSCR: 1.79
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.04% rent growth · sell at horizon

5-year hold

• IRR: 9.3%
• Equity multiple: 1.36×
• Total profit: $10,195
• Equity at exit: $14,895

10-year hold

• IRR: 18.4%
• Equity multiple: 2.53×
• Total profit: $42,889
• Equity at exit: $8,638

Cash invested: $27,972 (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 89030

• Home prices YoY: -27.7%
• Rents YoY: 3.0%
• Active inventory: 151
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,280 high
• Mortgage (P&I): −$524
• Tax from tax record: −$31 /mo · $377/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $414

Break-even live

Break-even rent $756

Max offer price $99,900

Occupancy floor 63%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1911 Princeton St Unit C North Las Vegas, NV	1.0	1.0	572	$995	$1.74	43d	1	0.11mi
1834 Jefferson St North Las Vegas, NV	2.0	1.0	825	$1,020	$1.24	43d	1	0.67mi
1011 N 4th St Las Vegas, NV	1.0	1.0	750	$1,250	$1.67	43d	1	0.68mi
2125 Las Vegas Blvd N North Las Vegas, NV	1.0–3.0	1.0–2.0	781	$1,172	$1.50	43d	15	0.74mi
717 Van Ert Ave North Las Vegas, NV	3.0	1.0	988	$1,750	$1.77	43d	1	0.81mi
711 E Nelson Ave North Las Vegas, NV	1.0–3.0	1.0–2.0	661	$1,055	$1.59	43d	16	0.82mi
451 Sand Sage Ave Unit A North Las Vegas, NV	2.0	2.0	986	$1,350	$1.37	43d	1	0.88mi
904 Biltmore Dr Las Vegas, NV	2.0	1.0	984	$1,470	$1.49	43d	1	0.91mi
1209 H St Las Vegas, NV	3.0	2.0	1125	$2,200	$1.96	21d	1	0.99mi
1209 H St Las Vegas, NV	3.0	2.0	1125	$2,200	$1.96	20d	1	0.99mi
611 Bell Dr Las Vegas, NV	3.0	1.0	832	$1,850	$2.22	43d	1	1.11mi
1309 N 22nd St Las Vegas, NV	1.0	1.0	701	$850	$1.21	23d	1	1.14mi
701 N 13th St Las Vegas, NV	1.0–2.0	1.0	591	$1,285	$2.17	43d	15	1.18mi
1309 N 23rd St Las Vegas, NV	2.0	1.0	885	$990	$1.12	43d	1	1.21mi
1420 Putnam Ave Unit 4 North Las Vegas, NV	3.0	1.0	900	$1,295	$1.44	23d	1	1.22mi
1417 E Cartier Ave Unit 18B North Las Vegas, NV	1.0	1.0	800	$945	$1.18	43d	1	1.24mi
2504 Flower Ave North Las Vegas, NV	3.0	2.0	958	$1,650	$1.72	23d	1	1.24mi
625 N 12th St Unit 1 Las Vegas, NV	2.0	2.0	874	$1,195	$1.37	43d	1	1.31mi
2109 Daley St North Las Vegas, NV	2.0	1.0	750	$1,080	$1.44	43d	1	1.39mi
2109 Daley St Unit B North Las Vegas, NV	2.0	1.0	700	$1,080	$1.54	21d	1	1.39mi
2100 Daley St Unit D North Las Vegas, NV	1.0	1.0	600	$900	$1.50	7d	1	1.42mi
2100 Daley St North Las Vegas, NV	1.0	1.0	600	$920	$1.53	43d	1	1.42mi
2605 Tuskegee St North Las Vegas, NV	3.0	2.0	1034	$1,695	$1.64	43d	1	1.42mi
2106 Daley St Unit B North Las Vegas, NV	2.0	1.0	670	$1,020	$1.52	43d	1	1.42mi

Listing history 6 events

1. 2026-06-18
   days on market $99,900 Active 7 DOM
2. 2026-06-17
   days on market $99,900 Active 6 DOM
3. 2026-06-16
   days on market $99,900 Active 5 DOM
4. 2026-06-15
   days on market $99,900 Active 4 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $99,900 Active 2 DOM

ⓘ 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: $377 · $31/mo
• Projected year-2 tax: $589 · $49/mo
• Expected delta: +$212/yr (+$18/mo · 56.4%)

ⓘ 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 · 19 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: $15,356
• − Mortgage interest: −$5,596
• − Property taxes: −$377
• − Insurance: −$500
• − Repairs & maintenance: −$1,228
• − Management: −$1,228
• − Depreciation: −$2,906
• Taxable income: $3,521
• Est. tax owed @ 24.0%: −$845
• After-tax cash flow: $4,123/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 — North Las Vegas

• Score: 74/100
• State rank: #14
• US rank: #4471

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Las Vegas, NV
• County: Clark County · 2,306,105 people
• City population: 274,675
• Metro: Las Vegas-Henderson-Paradise, NV
• Population (ZIP): 51,341
• Household income: $47,937
• Rent vs Own: 64.7% rent · 35.3% own
• Severe rent burden: 2821.0

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: Predominantly Hispanic (73%)
• Race & ethnicity: Hispanic / Latino 73% Two or more races 26% Black 14% White 8% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 65%
• Foreign-born: 33% · Canada
• Languages at home: 34% English-only · Spanish 64% 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: ▼ -117.09%
• Current HPI: 305.5742
• Rent YoY: ▲ 3.04%
• 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

+185.4% since first listed

4 events — show timeline

• 2026-06-11 Listed $99,900 GLVAR
• 2023-06-29 Sold (Public Records) $179,900 Public Records
• 1987-09-03 Sold (Public Records) $35,000 Public Records
• 1980-05-07 Sold (Public Records) $35,000 Public Records

Property tax history

-1.7%/yr

Latest (2025): $377 · +7.2% YoY. Source: county tax records.