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Address Income - For Sale Signs (8)-1
1218 Junction Dr
Sparks, NV 89434
$420,000
2br | 2ba
1,155sf

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.

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.

$1,742/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)