$399,980 Active
1940 Four Iron Court
Fernley, NV 89408
STR Status Unknown
3 Beds
·
2.0 Baths
·
1,574 Sq Ft

About This Property

Welcome to one of Fernley's best values! Perfectly positioned in the desirable Desert Lakes community, this well-maintained 3-bedroom, 2-bath home offers 1,575 square feet of comfortable living, a rare 3-car garage, and a thoughtfully designed single-level floor plan. Bright, open living spaces create an inviting atmosphere for everyday living and entertaining, while the spacious backyard offers room to relax, play, or personalize. Located just minutes from the golf course, parks, schools, and everyday conveniences, this home combines small-town charm with easy access to the Tahoe-Reno Industrial Center and USA Parkway. As Fernley continues to experience significant residential, commercial, and employment growth, this property represents more than just a home! This is an opportunity to invest in one of Northern Nevada's fastest-growing communities. Whether you're purchasing your first home, downsizing, or adding to your investment portfolio, this is one you won't want to miss.

Listed by Jena Lanini — Coldwell Banker Select Mt Rose

Listing Details

Status Active
MLS # 260008992
Price/Sq Ft $254

Property History

Jul 15, 2026
Listed for sale
$399,980
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,574
Lot Size 0.19 acres
Stories 1
Year Built 2004
Property Type Single Family Residence
Subdivision Desert Lakes
APN 020-553-42
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front
Construction Stucco
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $2,300
HOA Fee $100 / Annually
HOA / Community Desert Lakes
Schools
Elementary School East Valley
Middle School Fernley
High School Fernley
HOA & Community
Community Amenities None
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STR Investment Analysis

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

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% ($79,996)
Home price
$399,980
Loan details
30-yr fixed, 6.5%
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