$573,000
Active
113-123 Sario Drive
Fernley, NV 89408
STR Status Unknown
About This Property
Purchase price includes all 6 lots, each perfectly suited for building executive homes. All utilities and including water rights dedicated to the city of Fernley. With growing demand for housing in the area, now is the perfect time to invest in development projects and capitalize on the current market trends. Don't let this opportunity slip away. Contact me for more information or to schedule a showing.
Listed by Erika Cutler — Skyline Realty, Inc.
Listing Details
Status
Active
MLS #
240002194
Days on Market
822
Property History
Mar 05, 2024
Listed for sale
$573,000
Property Overview
Lot Size
0.30 acres
Property Type
Land
Subdivision
Fernley Hills Ph 1
APN
020-622-01
Exterior & Lot
Lot Features
Level, Open Lot, Corners Marked, Curbs
Financial
Annual Tax
$672
Schools
Elementary School
Fernley
Middle School
Silverland
High School
Fernley
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED ANNUAL REVENUE
$142,500
($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
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
$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($114,600)
Home price
$573,000
Loan details
30-yr fixed, 6.5%
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