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Property Details
Status | Active |
---|---|
MLS # | 250052194 |
Taxes | $1,483/ year |
Type | Single Family Residence |
Year Built | 1980 |
Lot Size | 0.145 AC / 6,316 SF |
County | Washoe County |
About
This cash-flowing rental brings in 2,050/month with a solid tenant already in place. Investors are increasingly looking for homes like this—occupied, stabilized, and producing income on day one. It's a smart alternative to vacant listings and lease-up timelines. Features include 2 bedrooms, 2 bathrooms, 1,155 sqft, a newer roof, and fresh exterior paint. Lease active through July 1, 2026. 5 Cap on current, actual rents. Maintained with annual inspections, prompt maintenance, and verified rent history. Available individually or as part of a nearby three-home portfolio including 1069 Palmwood Dr and 1544 Woodhaven Ln, for 1,295,000 for all three properties combined. Drive by only. Do not disturb tenants. Contact the listing agent for full financials.
Listing Agent
Every home is an investment, here are the numbers on this home.
$1,742/mo
Address Income
This is the propertie's net monthly income after collected rents and expenses, known and estimated.
4.98%
Annual Return (Cap Rate)
The Capitilization Rate or "Cap Rate" is the Net Operating Income divided by the Purchase Price.
$1,834/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)