$435,000 Active Under Contract
8440 Cassilis Drive
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,264 Sq Ft

About This Property

Set on just under an acre, this well maintained North Valleys home offers extra outdoor space while keeping everyday conveniences close. The single level layout includes a living room with large windows and a wood burning stove. A sliding glass door opens from the living room to the side yard, while the galley kitchen connects to the adjoining dining area. Replaced windows and a recently installed well pump are additional updates. Both the front and back yards are fully fenced, including gates across the driveway. The patio is also fenced separately from the larger backyard. There is plenty of room for RV parking, trailers, toys, and outdoor equipment. The attached two car garage provides parking along with a workbench for projects. North Valleys Regional Park is a short walk away, with trails, sports fields, playgrounds, a skate park, a seasonal splash park, and acres of open space. Highway 395, grocery stores, shopping, dining, and other everyday services are just minutes away.

Listed by Garrett Stewart — Keller Williams Group One Inc.

Listing Details

Status Active Under Contract
MLS # 260011370
Days on Market 11
Price/Sq Ft $344

Property History

Sep 02, 2026
Listed for sale
$435,000
Sep 05, 2026
Pending
$435,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,264
Lot Size 0.92 acres
Stories 1
Year Built 1979
Property Type Single Family Residence
Subdivision Rancho 1
STR Jurisdiction Washoe County
APN 086-401-04
Parking
Garage Spaces 2
Total Parking 6
Parking Features Attached, Garage, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level
View Mountain(s), Peek
Roof Composition, Pitched
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Propane
Financial
Annual Tax $1,337
Schools
Elementary School Lemmon Valley
Middle School OBrien
High School North Valleys
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($87,000)
Home price
$435,000
Loan details
30-yr fixed, 6.5%
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