$370,000 $390,000 ↓ $20,000 reduced Active
1291 Rayburn Drive
Reno, NV 89503

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STR Status Unknown
3 Beds
·
2.0 Baths
·
1,314 Sq Ft

Our data on this home

Home insurance $1,300 – $2,000/yr Standard homeowners policy

About This Property

Discover the potential of 1291 Rayburn Dr in Reno! Located in the desirable 89503 area, this property offers an exciting opportunity for a homeowner or investor looking to make a space their own. Previously used as a rental, the home is ready for its next chapter and offers plenty of potential to personalize and create a space that fits your vision. Enjoy access to shopping, dining, parks, schools, and major roadways, making it easy to enjoy everything Reno has to offer. Whether you're searching for a place to call home or looking for your next investment opportunity, this property is worth a look. The home features an electrical panel that was replaced prior to listing and a new furnace and thermostat installed February 2025. Bring your ideas and envision the possibilities at 1291 Rayburn Dr! *Listing agent is related to the seller.

Listed by James Davis — Chase International-Damonte

Listing Details

Status Active
MLS # 260012361
Days on Market 23
Price/Sq Ft $282

Property History

Sep 25, 2026
Listed for sale
$390,000
Oct 07, 2026
Price reduced
$370,000 $390,000 ↓ $20,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,314
Lot Size 0.04 acres
Stories 2
Year Built 1977
Property Type Townhouse
Subdivision Sierra Loma 3
APN 001-340-78
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Corner Lot, Landscaped, Sprinklers In Front
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Natural Gas
Financial
Annual Tax $1,101
HOA Fee $378 / Monthly
HOA / Community Sierra Loma
Schools
Elementary School Towles
Middle School Clayton
High School McQueen
HOA & Community
Community Amenities Clubhouse, Landscaping, Parking, Pool
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
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Home Insurance Estimate

Standard homeowners policy for this home

$1,300 – $2,000/yr
about $138/mo
Est. Rebuild Cost (Coverage A)
$394,200

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$2,479 per month
Principal & interest
$1,871/mo
Property taxes
$92/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$378/mo
From MLS listing data.
Home insurance
$138/mo
Estimated ~$1,300–$2,000/yr — get a local broker quote for accuracy.
Down payment
20% ($74,000)
Home price
$370,000
Loan details
30-yr fixed, 6.5%
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