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Address Income - For Sale Signs (8)-1
1069 Palmwood Dr
Sparks, NV 89434
$450,000
3br | 2ba
1,321sf

Property Details

Status Active
MLS # 250052193
Taxes $1,735/ year
Type Single Family Residence
Year Built 1977
Lot Size 0.145 AC / 6,316 SF
County Washoe County

About

This tenant-occupied rental delivers cash flow from day one—no need to market or guess on rents. More investors are now targeting tenant-occupied homes like this one as an easier, faster way to grow their portfolio with clarity and income from the start. Leased at 2,175/month through July 1, 2026, with full analytics available. Features include 3 bedrooms, 2 bathrooms, 1,321 sqft, and a freshly painted exterior (2024). 4.9 Cap Rate on actual rents. Professionally maintained with annual inspections, responsive repairs, and routine filter replacements. Available individually or with 1544 Woodhaven Ln and 1218 Junction Dr as part of a nearby Sparks portfolio, for 1,295,000 for all three properties combined. Drive by only. Do not disturb tenants. Contact the listing agent for individual or portfolio financials.

Website Agent Profile
Listing Agent
Jake Andronico
Home Investment Specialist
 
P. 415.233.1796
L. S0200197

Every home is an investment, here are the numbers on this home.

$1,838/mo

Address Income

This is the propertie's net monthly income after collected rents and expenses, known and estimated. 

4.90%

Annual Return (Cap Rate)

The Capitilization Rate or "Cap Rate" is the Net Operating Income divided by the Purchase Price. 

$1,965/mo

Monthly Payment (PITI)

This is the estimated monthly cost of financing the property, including principal, interest, property taxes, and insurance.

6.4% apr

Interest Rate

This is the annual percentage rate (APR) on the loan, which includes the interest rate plus any lender fees.

Investment Analysis

Download a full Multifamily Investment Property Analysis (MIPA)