1018 I St · Las Vegas, NV 89106

$214,000

2 bd · 1.0 ba · 806 sqft · SingleFamily public records · 45 Days on market

Built 1955 6,970 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 +15.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• 1% rule +4.3/10.0
• Livability +4.0/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming single story home offers 2 bedrooms, 1 bathroom and sits on a large 6,970 SqFt lot with a gorgeous front courtyard. Open floor plan, with a gourmet kitchen includes island, newer appliances with cabinets and counter space. Quiet, established neighborhood near parks, schools, shopping, restaurants and entertainment.

Key facts

• Large lot
• Storage shed
• Guest house

Tags

• LARGE LOT
• STORAGE SHED
• GUEST HOUSE
• OPEN-CONCEPT LIVING ROOM

Property features AI

Exterior

• Parking: Open parking; RV access/parking
• Security: Barbed wire front yard fencing
• Utilities: Public water; Public sewer; Underground utilities
• Home design: Single-family property; Single story; West-facing; Resale
• Construction: Flat roof
• Exterior features: Private yard; Desert landscaping; Landscaped; Less than quarter acre lot

Interior

• Kitchen: Refrigerator
• Bedrooms: 2 possible bedrooms
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Tile flooring; Primary bedroom on the main level; Bedroom on main level
• Laundry & utility: Washer; Dryer; Electric dryer hookup on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $214k.

Deal economics

• At list price, monthly cash flow is $92 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (7.1% below list).
• Recommended offer: $199k (7.1% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Williams Tom Es (math 13% / reading 29%, grade F, #278 of 402 statewide, top 69%, 635 students, 100% FRL); Canyon Springs Hs (math 5% / reading 27%, grade F, #107 of 131 statewide, top 82%, 2,719 students, 100% FRL) — zoned schools average 100% FRL vs 52% district-wide (48 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-2.7%/yr); 123 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 61% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 14,754 units permitted in Clark County in 2024 (2,301 in 5+ unit buildings).
• At $1,989/mo this rent would consume 57% of the median local household income ($42k/yr) (locally 2362% 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 $1k of loan paydown is wiped out by about $6k 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 45 days — a 3% lower offer ($208k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 21y 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

• Watch-outs: built in 1955 — 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 $198,871 (7.1% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.93% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.85%
• DSCR: 1.08
• GRM: 9.0

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: -16.8%
• Equity multiple: 0.42×
• Total profit: $-34,605
• Equity at exit: $31,908

10-year hold

• IRR: -15.3%
• Equity multiple: 0.25×
• Total profit: $-44,975
• Equity at exit: $18,503

Cash invested: $59,920 (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 89106

• Home prices YoY: -23.5%
• Rents YoY: -2.7%
• Active inventory: 123
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,989 high
• Mortgage (P&I): −$1,122
• Tax est. 1.5%: −$268 /mo · $3,210/yr
• Insurance: −$89
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $92

Break-even live

Break-even rent $1,872

Max offer price $214,000

Occupancy floor 90%

Sensitivity live

Price	-10% $240	-5% $166	+0% $92	+5% $18	+10% $-56
Rent	-10% $-65	-5% $14	+0% $92	+5% $171	+10% $249
Rate	-1.0pp $200	-0.5pp $147	base $92	+0.5pp $37	+1.0pp $-20

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: $53,500
• Closing costs: $6,420
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1209 H St Las Vegas, NV	3.0	2.0	1125	$2,200	$1.96	24d	1	0.19mi
1209 H St Las Vegas, NV	3.0	2.0	1125	$2,200	$1.96	22d	1	0.19mi
98 S Martin Luther King Blvd Las Vegas, NV	3.0	1.0–2.0	757	$1,382	$1.82	45d	13	0.75mi
255 Promenade Pl Las Vegas, NV	3.0	1.0–3.5	1850	$2,730	$1.48	0d	267	0.78mi
250 Promenade Pl Las Vegas, NV	1.0–2.0	1.0–2.5	984	$3,230	$3.28	0d	47	0.83mi
250 S City Pkwy Las Vegas, NV	2.0	1.0–3.0	1207	$3,665	$3.04	0d	27	0.85mi
904 Biltmore Dr Las Vegas, NV	2.0	1.0	984	$1,470	$1.49	45d	1	0.91mi
611 Bell Dr Las Vegas, NV	3.0	1.0	832	$1,850	$2.22	45d	1	0.92mi
2200 Carter Cir Las Vegas, NV	2.0	1.0	923	$1,222	$1.32	45d	8	1.01mi
1011 N 4th St Las Vegas, NV	1.0	1.0	750	$1,250	$1.67	45d	1	1.03mi
150 Las Vegas Blvd N Las Vegas, NV	1.0–3.0	1.5–2.5	1347	$2,650	$1.97	45d	7	1.16mi
150 Las Vegas Blvd N Las Vegas, NV	1.0–3.0	1.5–2.5	1405	$2,932	$2.09	9d	6	1.16mi
501 Desert Ln Las Vegas, NV	2.0	1.0	715	$1,376	$1.92	45d	5	1.19mi
717 Van Ert Ave North Las Vegas, NV	3.0	1.0	988	$1,750	$1.77	45d	1	1.20mi
1911 Princeton St Unit C North Las Vegas, NV	1.0	1.0	572	$995	$1.74	45d	1	1.25mi
353 E Bonneville Ave Las Vegas, NV	1.0–2.0	1.0–2.5	1190	$3,300	$2.77	0d	11	1.31mi
353 E Bonneville Ave Las Vegas, NV	1.0–2.0	1.0–2.5	1190	$4,000	$3.36	6d	12	1.31mi
353 E Bonneville Ave Las Vegas, NV	2.0	1.0–2.0	958	$4,000	$4.17	45d	20	1.31mi
1525 Pinto Ln Las Vegas, NV	1.0–2.0	1.0	775	$1,350	$1.74	45d	2	1.34mi
701 N 13th St Las Vegas, NV	1.0–2.0	1.0	591	$1,285	$2.17	45d	15	1.38mi
625 N 12th St Unit 1 Las Vegas, NV	2.0	2.0	874	$1,195	$1.37	45d	1	1.41mi
200 Hoover Ave Las Vegas, NV	2.0	1.0–2.0	1200	$2,990	$2.49	0d	4	1.44mi
200 Hoover Ave Las Vegas, NV	2.0	1.0–2.0	1279	$3,000	$2.35	45d	4	1.44mi
200 Hoover Ave Las Vegas, NV	1.0–2.0	1.0–2.0	1200	$2,600	$2.17	5d	3	1.44mi
901 Fremont St Las Vegas, NV	3.0	1.0–2.0	862	$2,304	$2.67	0d	35	1.46mi
320 N 10th St Unit A Las Vegas, NV	3.0	2.0	996	$1,750	$1.76	45d	1	1.46mi
210 N 10th St Unit 3 Las Vegas, NV	1.0	1.0	576	$775	$1.35	45d	1	1.48mi
311 N 11th St Unit D Las Vegas, NV	1.0	1.0	657	$995	$1.51	45d	1	1.49mi

Listing history 47 events

1. 2026-06-21
   days on market $214,000 Active 45 DOM
2. 2026-06-18
   days on market $214,000 Active 42 DOM
3. 2026-06-17
   days on market $214,000 Active 41 DOM
4. 2026-06-16
   days on market $214,000 Active 40 DOM
5. 2026-06-15
   days on market $214,000 Active 39 DOM
6. 2026-06-13
   days on market $214,000 Active 37 DOM
7. 2026-06-09
   days on market $214,000 Active 33 DOM
8. 2026-06-08
   days on market $214,000 Active 32 DOM
9. 2026-06-07
   days on market $214,000 Active 31 DOM
10. 2026-06-03
    days on market $214,000 Active 27 DOM
11. 2026-06-02
    days on market $214,000 Active 26 DOM
12. 2026-06-01
    days on market $214,000 Active 25 DOM
13. 2026-05-31
    days on market $214,000 Active 24 DOM
14. 2026-05-07
    listed $217,000 Active 279-char remark
15. 2026-05-06
    status Active
16. 2026-05-06
    price $217,000
17. 2026-05-01
    historical
18. 2025-10-08
    status Pending
19. 2025-09-26
    status Active
20. 2025-09-26
    price $215,000
21. 2024-07-05
    status Pending
22. 2024-07-05
    historical
23. 2024-05-27
    price $250,000
24. 2024-05-01
    listed $260,000 Active
25. 2023-03-21
    soldstatus $208,000 Closed

    Show marketing remark (331 chars)

    This charming single story home offers 2 bedrooms, 1 bathroom and sits on a large 6,970 SqFt lot with a gorgeous front courtyard. Open floor plan, with a gourmet kitchen includes island, newer appliances with cabinets and counter space. Quiet, established neighborhood near parks, schools, shopping, restaurants and entertainment.

26. 2023-03-21
    soldstatus $208,000

    Show marketing remark (331 chars)

    This charming single story home offers 2 bedrooms, 1 bathroom and sits on a large 6,970 SqFt lot with a gorgeous front courtyard. Open floor plan, with a gourmet kitchen includes island, newer appliances with cabinets and counter space. Quiet, established neighborhood near parks, schools, shopping, restaurants and entertainment.

27. 2023-02-20
    status Pending

    Show marketing remark (331 chars)

    This charming single story home offers 2 bedrooms, 1 bathroom and sits on a large 6,970 SqFt lot with a gorgeous front courtyard. Open floor plan, with a gourmet kitchen includes island, newer appliances with cabinets and counter space. Quiet, established neighborhood near parks, schools, shopping, restaurants and entertainment.

28. 2023-02-07
    status Active

    Show marketing remark (331 chars)

    This charming single story home offers 2 bedrooms, 1 bathroom and sits on a large 6,970 SqFt lot with a gorgeous front courtyard. Open floor plan, with a gourmet kitchen includes island, newer appliances with cabinets and counter space. Quiet, established neighborhood near parks, schools, shopping, restaurants and entertainment.

29. 2023-01-22
    status Pending

    Show marketing remark (331 chars)

    This charming single story home offers 2 bedrooms, 1 bathroom and sits on a large 6,970 SqFt lot with a gorgeous front courtyard. Open floor plan, with a gourmet kitchen includes island, newer appliances with cabinets and counter space. Quiet, established neighborhood near parks, schools, shopping, restaurants and entertainment.

30. 2023-01-19
    status Active

    Show marketing remark (331 chars)

    This charming single story home offers 2 bedrooms, 1 bathroom and sits on a large 6,970 SqFt lot with a gorgeous front courtyard. Open floor plan, with a gourmet kitchen includes island, newer appliances with cabinets and counter space. Quiet, established neighborhood near parks, schools, shopping, restaurants and entertainment.

31. 2023-01-06
    status Pending

    Show marketing remark (331 chars)

    This charming single story home offers 2 bedrooms, 1 bathroom and sits on a large 6,970 SqFt lot with a gorgeous front courtyard. Open floor plan, with a gourmet kitchen includes island, newer appliances with cabinets and counter space. Quiet, established neighborhood near parks, schools, shopping, restaurants and entertainment.

32. 2022-12-13
    listed $210,000 Active

    Show marketing remark (331 chars)

    This charming single story home offers 2 bedrooms, 1 bathroom and sits on a large 6,970 SqFt lot with a gorgeous front courtyard. Open floor plan, with a gourmet kitchen includes island, newer appliances with cabinets and counter space. Quiet, established neighborhood near parks, schools, shopping, restaurants and entertainment.

33. 2017-07-14
    soldstatus $92,000 Sold
34. 2017-07-14
    soldstatus $92,000
35. 2017-06-09
    historical Contingent Offer
36. 2017-05-31
    status Active
37. 2017-05-23
    historical
38. 2017-05-18
    listed $89,000 Active
39. 2010-04-23
    historical
40. 2010-04-23
    soldstatus $25,000
41. 2009-10-19
    listed $20,000
42. 2006-03-30
    soldstatus $155,000
43. 2006-03-30
    soldstatus $155,000
44. 2005-12-02
    listed $155,000
45. 2004-07-27
    soldstatus $66,150
46. 1989-08-17
    soldstatus $26,000
47. 1984-07-18
    soldstatus $27,020

ⓘ 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

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 19 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: $23,865
• − Mortgage interest: −$11,987
• − Property taxes: −$3,210
• − Insurance: −$1,070
• − Repairs & maintenance: −$1,909
• − Management: −$1,909
• − Depreciation: −$6,225
• Taxable loss: −$2,447
• Est. tax savings @ 24.0%: +$587
• After-tax cash flow: $1,693/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 — 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): 27,565
• Household income: $42,007
• Rent vs Own: 68.8% rent · 31.2% own
• Severe rent burden: 2362.0

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 0.67)
• Race & ethnicity: Hispanic / Latino 45% Black 32% Two or more races 17% White 14% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 35% Puerto Rican 1% Cuban 1%
• Foreign-born: 23% · Canada, China
• Languages at home: 60% English-only · Spanish 37% Tagalog/Filipino 2%

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: ▼ -96.75%
• Current HPI: 314.4955
• Rent YoY: ▼ -2.70%
• 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

+692.0% since first listed

35 events — show timeline

• 2026-05-20 Price Changed $214,000 GLVAR
• 2026-05-07 Listed $217,000 GLVAR
• 2026-05-06 Relisted — GLVAR
• 2026-05-06 Price Changed $217,000 GLVAR
• 2026-05-01 Listing Removed — GLVAR
• 2025-10-08 Pending — GLVAR
• 2025-09-26 Relisted — GLVAR
• 2025-09-26 Price Changed $215,000 GLVAR
• 2024-07-05 Pending — GLVAR
• 2024-07-05 Listing Removed — GLVAR
• 2024-05-27 Price Changed $250,000 GLVAR
• 2024-05-01 Listed $260,000 GLVAR
• 2023-03-21 Sold (Public Records) $208,000 Public Records
• 2023-03-21 Sold (MLS) $208,000 GLVAR
• 2023-02-20 Pending — GLVAR
• 2023-02-07 Relisted — GLVAR
• 2023-01-22 Pending — GLVAR
• 2023-01-19 Relisted — GLVAR
• 2023-01-06 Pending — GLVAR
• 2022-12-13 Listed $210,000 GLVAR
• 2017-07-14 Sold (Public Records) $92,000 Public Records
• 2017-07-14 Sold (MLS) $92,000 GLVAR
• 2017-06-09 Contingent — GLVAR
• 2017-05-31 Relisted — GLVAR
• 2017-05-23 Listing Removed — GLVAR
• 2017-05-18 Listed $89,000 GLVAR
• 2010-04-23 Sold (Public Records) $25,000 Public Records
• 2010-04-23 Listing Removed — GLVAR
• 2009-10-19 Listed $20,000 GLVAR
• 2006-03-30 Sold (Public Records) $155,000 Public Records
• 2006-03-30 Sold (MLS) $155,000 GLVAR
• 2005-12-02 Listed $155,000 GLVAR
• 2004-07-27 Sold (Public Records) $66,150 Public Records
• 1989-08-17 Sold (Public Records) $26,000 Public Records
• 1984-07-18 Sold (Public Records) $27,020 Public Records

Property tax history

-2.1%/yr

Latest (2025): $328 · +7.1% YoY. Source: county tax records.