$475,000
Active
5088 Cassandra Way
Reno, NV 89523
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
2.0
Baths
·
1,223
Sq Ft
About This Property
Welcome to 5088 Cassandra Drive, a lovely single-story home nestled in one of Reno's established Northwest neighborhoods. This move-in ready residence offers an inviting blend of comfort, functionality, and curb appeal with charming craftsman-inspired architecture, mature landscaping, and a private setting. Inside, vaulted ceilings and abundant natural light create a spacious feel throughout the main living areas. The open-concept layout features durable wood-look flooring, fresh interior paint, and a bright kitchen equipped with brand new stainless steel appliances. The adjoining dining area flows seamlessly to the backyard, making everyday living and entertaining effortless.
Listed by Alyssa McDermott — Stitser Properties
Listing Details
Status
Active
MLS #
260007272
Price/Sq Ft
$388
Property History
Jun 07, 2026
Listed for sale
$475,000
Property Overview
Beds
3
Baths
2.0
Sq. Ft.
1,223
Lot Size
0.10 acres
Stories
1
Year Built
1992
Property Type
Single Family Residence
Subdivision
Sierra Highlands 12
STR Jurisdiction
Washoe County
APN
039-712-20
Parking
Garage Spaces
2
Total Parking
2
Parking Features
Attached, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Sprinklers In Front
View
Peek
Roof
Composition, Pitched, Shingle
Foundation
Crawl Space
Utilities & Systems
Heating
Forced Air, Natural Gas
Financial
Annual Tax
$2,683
Schools
Elementary School
Winnemucca, Sarah
Middle School
Billinghurst
High School
McQueen
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% ($95,000)
Home price
$475,000
Loan details
30-yr fixed, 6.5%
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Or call directly: 530.613.5207
