126 Roark Dr · Walker Lake, NV 89415

$79,900

2 bd · 1.0 ba · 836 sqft · SingleFamily public records · 11 Days on market

Built 1976 0.41 ac 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 +29.7/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Calling all Investors and Handymen! This is your Handyman Special dream project! Located in a serene part of Walker Lake, this property sits up on a hill overlooking the beautiful Walker Lake. Close to the military town of Hawthorne, it has so much potential for anyone looking for peace and quiet away from all the bustling cities and night lights. Watching the stars at night and listening to the crickets chirp is what this property is all about. Repairs will be needed. Electricity is on, water is not.

Key facts

• 0.41 acre lot
• 2 parking spots
• Built 1976

Tags

• SERENE PART OF WALKER LAKE
• OVERLOOKING WALKER LAKE

Property features AI

Finance

• Other: No private pool or spa; No common walls
• HOA & community: Not a senior community

Exterior

• Parking: 2 parking spaces; No carport
• Utilities: Private water source; Septic tank sewer; Electricity connected; Water available
• Home design: Single family residence; One-story
• Construction: Asphalt roof; Brick/mortar foundation; Construction materials: Unknown; Built area approximately 836
• Exterior features: Patio; Other exterior porch/patio features; Mountain view (overlooks Walker Lake); No fencing

Interior

• Kitchen: Electric range; Gas cooktop; Additional refrigerator(s)
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Ceiling fans; High ceilings; No interior steps; Fireplace in family room
• Laundry & utility: Laundry room with electric dryer hookup; Hall laundry access

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $169 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).

Location & tenants

• Location reads 61/100 on livability (#74 in NV) — a middle-class / working-renter tenant base. Strengths: cost of living A+; Watch: health & safety C-, crime F, amenities F.
• Mineral County School District (town): math 16% / reading 31% proficiency, ranked #17 of 17 in NV (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Hawthorne Elementary (math 22% / reading 32%, grade F, #219 of 402 statewide, top 57%, 315 students, 100% FRL); Hawthorne Junior High (math 8% / reading 27%, grade F, #86 of 109 statewide, top 79%, 77 students, 100% FRL); Mineral County High School (math 10% / reading 30%, grade F, #93 of 131 statewide, top 74%, 147 students, 100% FRL) — zoned schools average 100% FRL vs 48% district-wide (52 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 55 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Mineral County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $22k; list at $80k implies a 265% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $122/mo.
• Climate carrying-cost: in FEMA flood zone AO (mandatory federal flood insurance); extreme-heat days projected 11→32/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 10.66%
• Cash-on-cash: 15.61%
• DSCR: 1.69
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -2.5%
• Equity multiple: 0.90×
• Total profit: $-2,126
• Equity at exit: $11,913

10-year hold

• IRR: 7.3%
• Equity multiple: 1.55×
• Total profit: $12,279
• Equity at exit: $6,908

Cash invested: $22,372 (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 89415

• Active inventory: 55
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,026 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$68 /mo · $810/yr
• Insurance: −$33
• Flood insurance flood zone: −$122 /mo · $1,468/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $169

Break-even live

Break-even rent $813

Max offer price $79,900

Occupancy floor 79%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-19
   days on market $79,900 Active 11 DOM
2. 2026-06-18
   days on market $79,900 Active 10 DOM
3. 2026-06-17
   days on market $79,900 Active 9 DOM
4. 2026-06-16
   days on market $79,900 Active 8 DOM
5. 2026-06-15
   days on market $79,900 Active 7 DOM
6. 2026-06-14
   days on market $79,900 Active 5 DOM
7. 2026-06-12
   days on market $79,900 Active 4 DOM
8. 2026-06-09
   remarks 506-char remark
9. 2026-06-09
   listed $79,900 Active 1 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: $810 · $68/mo
• Projected year-2 tax: $810 · $68/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AO · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 11 d/yr ≥96°F today · 32 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 15 unhealthy d/yr today · 17 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,318
• − Mortgage interest: −$4,476
• − Property taxes: −$810
• − Insurance: −$1,867
• − Repairs & maintenance: −$985
• − Management: −$985
• − Depreciation: −$2,324
• Taxable income: $869
• Est. tax owed @ 24.0%: −$209
• After-tax cash flow: $1,817/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: Mineral County School District
• NCES district ID: 3200330
• Math proficiency: 16% ▼ -5.00%
• Reading proficiency: 31% ▼ -7.00%
• Median HH income: $36,882
• Composite: 19.5/100
• National rank: #8770
• State rank: #17 of 17 in NV

Livability — Walker Lake

• Score: 61/100
• State rank: #74
• US rank: #18390

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walker Lake, NV
• Population (ZIP): 3,357

Population outlook (Mineral County) Hauer SSP2

• Today (2025): 3,850 people
• By 2030: 3,615 · -6.1%
• By 2040: 3,236 · -15.9%
• By 2050: 3,032 · -21.2%
• By 2075: 2,893 · -24.9%
• By 2100: 2,549 · -33.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 17% Two or more races 16% Black 4% Native American 3%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Slovak 4% Iranian 4% Italian 3%
• Foreign-born: 2% · Canada
• Languages at home: 93% English-only · Spanish 7%

Political lean MEDSL · Mineral

• 2024 margin: Solid R (+35.6) · D 31.0% · R 66.6% · Other 2.4%
• 2008→2024 swing: -33.4pp toward R · 2008: -2.2pp · 2024: -35.6pp
• All cycles: 2024: R+35.6 2020: R+25.4 2016: R+27.1 2012: R+10.7 2008: R+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -89.39%
• Current HPI: 147.4475
• Rent YoY: —
• Metro: —
• 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

+264.8% since first listed

2 events — show timeline

• 2026-06-08 Listed $79,900 NNRMLS
• 2002-08-15 Sold (Public Records) $21,900 Public Records

Property tax history

+0.5%/yr

Latest (2025): $810 · +2.0% YoY. Source: county tax records.