Prescott Plan · Paradise, NV 89121

$106,900

3 bd · 2.0 ba · 1,232 sqft · Manufactured · 91 Days on market

Manufactured home Excellent condition

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Why this score? — see what drove the F 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 +7.5/15.0
• Condition / age +5.0/5.0
• Livability +3.8/5.0
• Cash flow +2.9/30.0
• Appreciation +2.5/10.0
• Rent growth +2.5/5.0
• Schools +1.2/10.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Manufactured-home adj. -2.0

Key facts

• Listed 90 days

🏗️ New construction. The $106,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $245,000.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $107k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-803 ($-10k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $107k).
• Recommended offer: $97k (9.0% below list) — sets the bar for market timing.
• Cap rate 2.4% vs local median 3.5% in Paradise — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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); 511 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 57d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% 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 $2k of loan paydown is wiped out by about $7k 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 91 days — a 9% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price.
• 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 $97,279 (9.0% 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 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.46% ✗
• Cap rate: 2.36%
• Cash-on-cash: -14.05%
• DSCR: 0.37
• GRM: 18.1

CMA / ARV

• ARV (median comp): $245,000
• List price: $106,900
• Delta: -56.37%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3635 Huerta Dr	0.20mi	3/2.0	1,344 (+9%)	10mo	$297,000	$221	67
3500 Cape Cod Dr	0.38mi	3/2.0	1,248 (+1%)	21mo	$270,000	$216	63
3489 Big Sur Dr	0.35mi	4/2.0 (+1)	1,344 (+9%)	5mo	$286,500	$213	59
3579 Isle Royale Dr	0.50mi	2/2.0 (-1)	1,152 (-6%)	2mo	$115,000	$100	59
3415 Big Sur Dr	0.44mi	3/2.0	1,152 (-6%)	18mo	$274,500	$238	53
4931 Vista Flora Way	0.37mi	3/2.0	1,350 (+10%)	17mo	$212,000	$157	52
3438 Isle Royale Dr	0.60mi	3/2.0	1,344 (+9%)	8mo	$275,000	$205	50
4948 Vista Flora Way	0.40mi	3/2.5	1,056 (-14%)	8mo	$286,000	$271	49
3657 Isle Royale Dr	0.47mi	2/2.0 (-1)	1,344 (+9%)	11mo	$251,000	$187	49
3357 Isle Royale Dr	0.65mi	2/2.0 (-1)	1,344 (+9%)	3mo	$245,000	$182	47
3423 Cape Cod Dr	0.44mi	4/2.0 (+1)	1,344 (+9%)	15mo	$300,000	$223	46
3560 Haleakala Dr	0.49mi	2/2.0 (-1)	1,056 (-14%)	3mo	$160,000	$152	46

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: -46.1%
• Equity multiple: -0.37×
• Total profit: $-94,148
• Equity at exit: $36,530

10-year hold

• IRR: —
• Equity multiple: -1.34×
• Total profit: $-160,551
• Equity at exit: $21,183

Cash invested: $68,600 (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: 64 active · 17 under contract
• Months of supply: 48.0 mo (2%/mo absorbed)
• Median asking: $122,900 ($91/sqft)
• Median days on market: 46 d
• This list price: 41% of active listings are priced below it
• ARV vs active asking: +117.5% 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: 511
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,126 high
• Mortgage (P&I): −$1,285
• Tax est. 1.5%: −$306 /mo · $3,675/yr
• Insurance: −$102
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $-803

Break-even live

Break-even rent $2,143

Max offer price $128,760

Occupancy floor —

Sensitivity live

Price	-10% $-634	-5% $-719	+0% $-803	+5% $-888	+10% $-973
Rent	-10% $-892	-5% $-848	+0% $-803	+5% $-759	+10% $-714
Rate	-1.0pp $-680	-0.5pp $-741	base $-803	+0.5pp $-867	+1.0pp $-931

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: $61,250
• Closing costs: $7,350
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3800 S Nellis Blvd Las Vegas, NV	1.0–2.0	1.0–2.0	868	$1,476	$1.70	9d	13	0.16mi
5051 Sitka Ln Las Vegas, NV	3.0	2.0	1265	$1,225	$0.97	93d	1	0.21mi
5101 E Twain Ave Las Vegas, NV	1.0–2.0	1.0–2.0	780	$1,150	$1.47	93d	4	0.26mi
3481 Cape Cod Dr Las Vegas, NV	2.0	2.0	840	$1,300	$1.55	52d	1	0.39mi
3850 Mountain Vista St Las Vegas, NV	1.0–3.0	1.0–2.0	802	$1,357	$1.69	27d	9	0.43mi
4455 E Twain Ave Las Vegas, NV	1.0–3.0	1.0–2.0	871	$1,572	$1.80	9d	7	0.52mi
3956 Clear View Dr Las Vegas, NV	3.0	2.0	1306	$2,600	$1.99	67d	1	0.64mi
4014 Great Plains Way Las Vegas, NV	2.0	1.5	1152	$1,548	$1.34	53d	1	0.80mi
4264 White Sands Ave Las Vegas, NV	4.0	2.0	1392	$1,650	$1.19	60d	1	0.87mi
3400 Cabana Dr Las Vegas, NV	2.0	2.0	1053	$1,298	$1.23	13d	2	0.89mi
3400 Cabana Dr Las Vegas, NV	2.0–3.0	2.0	1124	$1,350	$1.20	71d	2	0.89mi
3400 Cabana Dr Las Vegas, NV	2.0	2.0	1053	$1,352	$1.28	36d	2	0.89mi
3400 Cabana Dr #2019 Las Vegas, NV	2.0	2.0	1053	$1,350	$1.28	64d	1	0.89mi
4952 E Harmon Ave Las Vegas, NV	2.0	1.0	800	$1,900	$2.38	72d	1	0.91mi
3055 S Nellis Blvd Las Vegas, NV	1.0–2.0	1.0–2.0	983	$1,432	$1.46	9d	35	0.93mi
3037 Aloha Ave Las Vegas, NV	3.0	2.0	1270	$1,700	$1.34	18d	1	0.94mi
3021 Aloha Ave Las Vegas, NV	3.0	2.0	1270	$1,800	$1.42	52d	1	0.96mi
4549 Oakdale Ave Las Vegas, NV	4.0	2.0	1496	$1,800	$1.20	47d	1	1.03mi
4379 Hilldale Ave Las Vegas, NV	2.0	1.0	954	$1,485	$1.56	57d	1	1.05mi
4855 E Vegas Valley Dr Las Vegas, NV	1.0–3.0	1.0–2.0	949	$1,554	$1.64	11d	12	1.09mi
5421 E Harmon Ave Las Vegas, NV	1.0–3.0	1.0–2.0	575	$1,415	$2.46	9d	12	1.09mi
3012 S Mountain Vista St Unit MV Condo Las Vegas, NV	2.0	1.0	828	$945	$1.14	93d	1	1.11mi
2977 Juniper Hills Blvd #104 Las Vegas, NV	2.0	2.0	896	$1,050	$1.17	57d	1	1.15mi
2975 Juniper Hills Blvd #204 Las Vegas, NV	2.0	2.0	884	$1,000	$1.13	93d	1	1.16mi
2975 Juniper Hills Blvd #201 Las Vegas, NV	2.0	2.0	884	$995	$1.13	9d	1	1.16mi
2979 Juniper Hills Blvd #203 Las Vegas, NV	2.0	2.0	889	$1,195	$1.34	69d	1	1.16mi
2985 Juniper Hills Blvd #203 Las Vegas, NV	2.0	2.0	884	$900	$1.02	42d	1	1.18mi
2985 Juniper Hills Blvd #102 Las Vegas, NV	2.0	2.0	891	$1,225	$1.37	64d	1	1.18mi
2967 Juniper Hills Blvd Las Vegas, NV	2.0	2.0	884	$1,190	$1.35	67d	1	1.19mi
2967 Juniper Hills Blvd #203 Las Vegas, NV	2.0	2.0	884	$1,190	$1.35	93d	1	1.19mi
2967 Juniper Hills Blvd #104 Las Vegas, NV	2.0	4.0	891	$1,350	$1.52	93d	1	1.19mi
4640 Vegas Valley Dr Las Vegas, NV	1.0–2.0	1.0–2.0	853	$1,340	$1.57	93d	1	1.20mi
2968 Juniper Hills Blvd #104 Las Vegas, NV	2.0	2.0	896	$1,250	$1.40	42d	1	1.20mi
2963 Juniper Hills Blvd #204 Las Vegas, NV	2.0	2.0	884	$1,250	$1.41	65d	1	1.20mi
2963 Juniper Hills Blvd #204 Las Vegas, NV	2.0	2.0	884	$1,250	$1.41	93d	1	1.20mi
2982 Juniper Hills Blvd #202 Las Vegas, NV	3.0	2.0	1074	$1,700	$1.58	93d	1	1.22mi
2980 Juniper Hills Blvd #201 Las Vegas, NV	2.0	2.0	889	$1,100	$1.24	13d	1	1.22mi
2980 Juniper Hills Blvd #204 Las Vegas, NV	2.0	2.0	889	$925	$1.04	21d	1	1.22mi
2980 Juniper Hills Blvd #103 Las Vegas, NV	2.0	2.0	896	$1,090	$1.22	61d	1	1.22mi
2980 Juniper Hills Blvd Las Vegas, NV	2.0	2.0	896	$1,090	$1.22	52d	1	1.22mi

Listing history 5 events

1. 2026-06-03
   days on market $106,900 Active 91 DOM
2. 2026-06-02
   days on market $106,900 Active 90 DOM
3. 2026-06-01
   days on market $106,900 Active 89 DOM
4. 2026-05-31
   days on market $106,900 Active 88 DOM
5. 2026-03-04
   listed $106,900 Active

ⓘ 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: $13,516
• − Mortgage interest: −$13,724
• − Property taxes: −$3,675
• − Insurance: −$1,225
• − Repairs & maintenance: −$1,081
• − Management: −$1,081
• − Depreciation: −$7,127
• Taxable loss: −$14,397
• Est. tax savings @ 24.0%: +$3,455
• After-tax cash flow: $-6,184/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 · 1 photo

Excellent 100/100 None rehab

This manufactured home is in excellent condition with no visible repairs or maintenance needed. It is move-in ready and has the potential for minor updates to enhance its resale and rental value.

Value-add opportunities

• Both Painting the exterior siding — Fresh paint can enhance the curb appeal and increase the home's value. ↑
• Both Landscaping improvements — Enhancing the landscaping can improve the home's curb appeal and attract more potential buyers or renters. ↑
• Both Interior cleaning and staging — A clean and staged interior can make the home more appealing to potential buyers or renters. ↑
• Both Upgrading the HVAC system — A new or upgraded HVAC system can improve comfort and energy efficiency, which is attractive to buyers and renters. ↑
• Both Adding a small patio or deck — An outdoor living space can increase the home's appeal and value, especially for potential buyers or renters who enjoy outdoor activities. ↑

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

1 event — show timeline

• 2026-03-04 Listed $106,900 Zillow