Single-Family Rental Average Cap Rates in Reno, NV
September 2023
What are the average cap rates for Reno single-family rentals? At Address Income, a real estate brokerage firm that uses Wall Street-level analysis to help investors make better decisions, we’ve analyzed over 1,300 active single-family homes in Reno and found that the majority of these homes cash flow around a 4% cap rate, with outliers in the 5% range and even some reaching 6%.
For those unfamiliar, a cap rate measures a property’s investment potential. It’s calculated by dividing the property’s net operating income (NOI) by its purchase price. A higher cap rate indicates a stronger investment, meaning the property generates more income than its cost.
Our findings suggest Reno offers promising potential for real estate investors with strong cash flow returns. However, it’s important to remember that cap rates vary based on several factors, including location, property condition, and amenities.
How Address Income Can Help You
At Address Income, we offer a range of services to help investors make informed real estate decisions:
Investment strategy development: We’ll help you identify your investment goals and create a personalized strategy.
Property search and analysis: Our experienced investment agents will help you find properties that meet your criteria and analyze their potential profitability.
Transaction support: We’ll assist you in negotiating and closing on investment properties.
Property management: Our services help you manage investment properties and maximize profits.
If you’re serious about real estate investing, Address Income is here to help you achieve your goals. Visit us to learn more about how we can support your investment journey.
