867 N Lamb Blvd #8 · Las Vegas, NV 89110

$32,900

2 bd · 1.0 ba · 832 sqft · Manufactured · 44 Days on market

Built 2026 Good condition

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +2.9/5.0
• Schools +2.6/10.0
• Appreciation +0.0/10.0

Listing remarks

* THIS IS A RESALE LISTING * Three Crowns is an active and exciting 55+ Senior Community. Nestle into your 2 bedroom, 1 bathroom home located inside of Three Crowns, a friendly and well-maintained community. Around you, enjoy the great features the community has to offer such as shuffleboard, a hot tub, and scenic views. This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

Key facts

• Hot tub
• Scenic views
• Shuffleboard

Tags

• SHUFFLEBOARD
• HOT TUB
• SCENIC VIEWS

Property features AI

Finance

• Other: Living area approximately 832; Plan name: 91428
• Financial info: Spec inventory new construction; listed as Active

Exterior

• Utilities: Central air conditioning
• Home design: Condo/Co-op (unit in a multi-unit building); Single-story unit

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning
• Interior features: Central air conditioning

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $33k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $781 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $33k).
• Recommended offer: $32k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#2 in NV, #1,723 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: crime 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 (+1.8%/yr); 260 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 $227 of loan paydown is wiped out by about $987 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 + 1.8% rent growth), your $9k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($32k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $31,913 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 3.88% ✓
• Cap rate: 34.79%
• Cash-on-cash: 101.79%
• DSCR: 5.53
• GRM: 2.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.78% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 5.66×
• Total profit: $42,908
• Equity at exit: $4,905

10-year hold

• IRR: —
• Equity multiple: 11.35×
• Total profit: $95,327
• Equity at exit: $2,845

Cash invested: $9,212 (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 89110

• Rents YoY: 1.8%
• Active inventory: 260
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,277 high
• Mortgage (P&I): −$173
• Tax est. 1.5%: −$41 /mo · $494/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$268
• Net cashflow: $781

Break-even live

Break-even rent $288

Max offer price $32,900

Occupancy floor 34%

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: $8,225
• Closing costs: $987
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
917 Bridgewater St Las Vegas, NV	2.0	1.0	749	$1,050	$1.40	44d	1	0.16mi
4156 Abrams Ave Las Vegas, NV	3.0	2.0	1005	$1,700	$1.69	44d	1	0.17mi
1400 Henry Ave Unit D Las Vegas, NV	2.0	1.0	898	$915	$1.02	44d	1	0.36mi
628 Triest Ct Apt D Las Vegas, NV	2.0	1.0	731	$950	$1.30	8d	1	0.36mi
870 Flagstone Way Las Vegas, NV	2.0	1.5	1102	$1,450	$1.32	24d	1	0.39mi
1440 Jamielinn Ln #102 Las Vegas, NV	2.0	2.0	1047	$1,150	$1.10	4d	1	0.42mi
882 Ripple Way Las Vegas, NV	2.0	1.5	1116	$1,499	$1.34	24d	1	0.43mi
4000 E Bonanza Rd Las Vegas, NV	1.0–2.0	1.0–2.0	850	$1,525	$1.79	3d	7	0.43mi
1111 N Lamb Blvd #125 Las Vegas, NV	2.0	2.0	1076	$1,299	$1.21	17d	1	0.51mi
894 Rhinegold Way Las Vegas, NV	2.0	1.5	1116	$1,340	$1.20	44d	1	0.51mi
1492 N Lamb Blvd Las Vegas, NV	1.0–2.0	1.0	739	$1,529	$2.07	2d	9	0.53mi
4302 Lynnann Dr Las Vegas, NV	2.0	1.5	952	$1,350	$1.42	44d	1	0.55mi
1517 Frank Aved St #202 Las Vegas, NV	2.0	2.0	895	$1,025	$1.15	15d	1	0.55mi
3961 Danny Melamed Ave #201 Las Vegas, NV	2.0	2.0	895	$999	$1.12	44d	1	0.55mi
3972 Danny Melamed Ave #102 Las Vegas, NV	2.0	2.0	895	$985	$1.10	44d	1	0.56mi
3979 E Owens Ave Unit 115 Las Vegas, NV	1.0	1.0	600	$1,055	$1.76	18d	1	0.57mi
3956 Danny Melamed Ave #101 Las Vegas, NV	2.0	2.0	895	$1,050	$1.17	2d	1	0.58mi
3956 Danny Melamed Ave #101 Las Vegas, NV	2.0	2.0	895	$1,050	$1.17	8d	1	0.58mi
3980 E Owens Ave Unit 105 Las Vegas, NV	1.0	1.0	620	$1,200	$1.94	44d	1	0.61mi
3980 E Owens Ave Unit 109 Las Vegas, NV	1.0	1.0	620	$1,200	$1.94	44d	1	0.61mi
3980 E Owens Ave Unit 211 Las Vegas, NV	1.0	1.0	620	$1,200	$1.94	44d	1	0.61mi
3980 E Owens Ave Unit 206 Las Vegas, NV	2.0	2.0	880	$1,400	$1.59	44d	1	0.61mi
3980 E Owens Ave Unit 122 Las Vegas, NV	2.0	2.0	880	$1,450	$1.65	44d	1	0.61mi
3700 E Bonanza Rd Las Vegas, NV	1.0–2.0	1.0–2.0	850	$1,260	$1.48	2d	8	0.65mi
824 Hedge Way #2 Las Vegas, NV	3.0	2.0	1022	$1,300	$1.27	22d	1	0.67mi
4521 E Bonanza Rd Las Vegas, NV	1.0–2.0	1.0–2.0	897	$1,827	$2.04	2d	14	0.73mi
1700 N Lamb Blvd Las Vegas, NV	2.0	2.0	989	$1,475	$1.49	8d	2	0.76mi
1001 N Pecos Rd Las Vegas, NV	1.0–3.0	1.0–2.0	875	$1,188	$1.36	3d	7	0.79mi
571 Roxella Ln Unit C Las Vegas, NV	2.0	1.5	1008	$1,250	$1.24	44d	1	0.83mi
3630 E Owens Ave Las Vegas, NV	2.0–3.0	1.0–2.0	924	$900	$0.97	2d	28	0.85mi
457 N Lamb Blvd Unit B Las Vegas, NV	1.0	1.0	599	$1,000	$1.67	20d	1	0.85mi
4160 E Tonopah Ave Unit 4160 Tonopah 115 Las Vegas, NV	2.0	1.0	803	$1,200	$1.49	22d	1	0.86mi
425 N Lamb Blvd Las Vegas, NV	1.0	1.0	599	$1,500	$2.50	44d	1	0.86mi
4220 E Tonopah Ave Apt 204 Las Vegas, NV	2.0	1.0	900	$1,000	$1.11	44d	1	0.88mi
4181 Terrestrial Ln Las Vegas, NV	2.0	1.0	803	$1,100	$1.37	44d	1	0.88mi
4181 Terrestrial Dr Unit 120 Las Vegas, NV	2.0	1.0	803	$1,050	$1.31	44d	1	0.88mi
405 N Lamb Blvd Las Vegas, NV	1.0	1.0	599	$1,000	$1.67	44d	1	0.89mi
429 N Lamb Blvd Las Vegas, NV	1.0	1.0	599	$1,500	$2.50	44d	1	0.89mi
1858 Dwarf Star Dr Unit 233 Las Vegas, NV	2.0	1.0	800	$1,200	$1.50	24d	1	0.95mi
4220 Stewart Ave Las Vegas, NV	1.0	1.0	550	$940	$1.71	44d	1	0.98mi

Listing history 14 events

1. 2026-06-18
   days on market $32,900 Active 44 DOM
2. 2026-06-17
   days on market $32,900 Active 43 DOM
3. 2026-06-16
   days on market $32,900 Active 42 DOM
4. 2026-06-15
   days on market $32,900 Active 41 DOM
5. 2026-06-13
   days on market $32,900 Active 39 DOM
6. 2026-06-10
   price $32,900 Active 35 DOM
7. 2026-06-09
   days on market $50,600 Active 35 DOM
8. 2026-06-08
   days on market $50,600 Active 34 DOM
9. 2026-06-08
   days on market $50,600 Active 33 DOM
10. 2026-06-03
    days on market $50,600 Active 29 DOM
11. 2026-06-02
    days on market $50,600 Active 28 DOM
12. 2026-06-01
    days on market $50,600 Active 27 DOM
13. 2026-05-31
    days on market $50,600 Active 26 DOM
14. 2026-05-05
    listed $50,600 Active 470-char remark

ⓘ 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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,323
• − Mortgage interest: −$1,843
• − Property taxes: −$494
• − Insurance: −$164
• − Repairs & maintenance: −$1,226
• − Management: −$1,226
• − Depreciation: −$957
• Taxable income: $9,414
• Est. tax owed @ 24.0%: −$2,259
• After-tax cash flow: $7,118/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 · 2 photos

Good 75/100 Cosmetic rehab

This manufactured home is in good condition with a cosmetic rehab level, featuring a clean exterior, intact roof, and good interior walls. It has a decent curb appeal and is located in a well-maintained community. Updates such as painting the exterior and replacing windows can significantly enhance its value.

Value-add opportunities

• Resale Paint exterior siding — Fresh paint can enhance curb appeal and the home's overall appearance.
• Both Replace windows — New windows can improve energy efficiency and increase the home's value for both resale and rental purposes.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Fresh paint can enhance curb appeal and the home's overall appearance. ↑
• Both Replace windows — New windows can improve energy efficiency and increase the home's value for both resale and rental purposes. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Las Vegas

• Score: 80/100
• State rank: #2
• US rank: #1723

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Las Vegas, NV
• County: Clark County · 2,306,105 people
• City population: 1,643,591
• Metro: Las Vegas-Henderson-Paradise, NV
• Population (ZIP): 69,107
• Household income: $61,001
• Rent vs Own: 45.5% rent · 54.5% own
• Severe rent burden: 3134.0

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 0.55)
• Race & ethnicity: Hispanic / Latino 63% White 20% Two or more races 18% Black 8% Asian 5% Native American 2%
• Hispanic origin (detail): Mexican 52% Cuban 3%
• Common ancestry: Lithuanian 1% Italian 1% Romanian 1%
• Foreign-born: 31% · Canada
• Languages at home: 42% English-only · Spanish 53% 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: ▼ -165.11%
• Current HPI: 299.1815
• Rent YoY: ▲ 1.78%
• 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