$17,000 $19,000 ↓ $2,000 reduced Active

255 Gillman Springs Drive

Austin, NV 89310

STR Status Unknown

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About This Property

Can you imagine having your own little piece of Heaven? Far from city life, but reasonably close to needed services and stores (Hadley is 43 miles away, Austin is 27 miles away, Round Mountain is 40 miles away). Situated at the base of the Toiyabe Mountains, the views are spectacular. Hot Springs, Kingston Canyon, mule deer, wildlife, ATV life. This place is a dream., Views Galore! Situated at the base of the Toiyabe Mountain Range, this land has views in all directions. Located between Austin and Kingston. Buyer is also responsible for his/her/their own due diligence to determine allowed uses, etc. Only the back of lot is fenced.Seller will entertain all offers that are in writing. Seller is a builder/designer who has plans tailor made for this property, available by separate agreement Adjacent lot at 261 Gillman Springs Drive is also available for sale.

Listed by Kat Wilson — Atlas Red Realty

Listing Details

Status Active

MLS # 240010440

Days on Market 783

Property History

Aug 14, 2024

Listed for sale

$19,000

Property Overview

Lot Size 1.44 acres

Property Type Land

APN 004-021-04

Exterior & Lot

Lot Features Level, Corners Marked, Desert

View Desert, Mountain(s), Peek, Trees/Woods, Valley

Financial

Annual Tax $27

HOA Fee $80 / Annually

Schools

Elementary School Austin Combined

Middle School Austin Combined

High School Austin Combined

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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis

STRUCTURAL SCORE —

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PROJECTED GROSS ANNUAL REVENUE

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Avg Nightly

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Occupancy

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Cap Rate

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STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

Legal Occupancy

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$95 per month

Principal & interest

$86/mo

Property taxes

$2/mo

The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.

HOA dues

$7/mo

From MLS listing data.

Home insurance

$0/mo

Land — no home to insure, so no insurance estimate.

Down payment

20% ($3,400)

Home price

$17,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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