$609,000 Active Under Contract
560 Peter Circle
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
1,948 Sq Ft
Virtual Tour

About This Property

Opportunity meets flexibility with this beautifully updated single-story home, perfectly positioned on a spacious corner lot with NO HOA—a rare find offering both freedom and functionality. This corner lot has room to add RV access and even extend the back yard or add a dog run. Step inside to discover a thoughtfully upgraded interior featuring a modernized kitchen, refreshed bathrooms, and generously sized bedrooms designed for comfortable everyday living. The inviting living room is enhanced with a built-in sound system—perfect for movie nights or hosting friends—while a separate family room adds versatility and features a cozy fireplace with an electric insert (plus a gas stub ready for conversion). This home is truly move-in ready with all appliances included, and for those seeking a turnkey opportunity, furnishings and game items are negotiable. Even more appealing, the property offers short-term rental income potential of 40,000-50,000 annually—making it an excellent option for both homeowners and investors. Enjoy the benefits of a cul-de-sac setting with minimal through traffic, additional street parking, and convenient access to nearby shopping, dining, and freeway connections. With no HOA and no short-term rental restrictions, this property offers unmatched versatility—live in it, invest in it, or both. Please note: Ring camera system is excluded and will be removed prior to closing. No sign on property per seller request.

Listed by Margaret Finel — RE/MAX Professionals-Sparks

Listing Details

Status Active Under Contract
MLS # 260004146
Days on Market 29
Price/Sq Ft $313

Property History

Apr 09, 2026
Listed for sale
$609,000
Current
Pending
$609,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,948
Lot Size 0.18 acres
Stories 1
Year Built 1974
Property Type Single Family Residence
Subdivision Reno Heights
APN 006-271-24
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Corner Lot, Cul-De-Sac, Level, Sprinklers In Rear
View Desert, Mountain(s), Trees/Woods
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,066
Schools
Elementary School Elmcrest
Middle School Clayton
High School McQueen
📊

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($121,800)
Home price
$609,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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