$515,000 Active
2205 Morninglory Drive
Sparks, NV 89434
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.5 Baths
·
1,784 Sq Ft

About This Property

INVESTOR ALERT - TENANT IS IN A LEASE UNTIL 1/2027. TENANT WOULD LIKE TO STAY IN THE PROPERTY - walk into instant income! Welcome home to this beautifully updated Sparks property offering comfort, charm, and investment potential all in one. Recent improvements include newer interior and exterior paint, newer roof shingles, newer windows with a lifetime warranty, and new kitchen flooring. The neutral color palette throughout creates a warm and inviting atmosphere while giving you the perfect blank canvas to customize and make it your own. The thoughtful floor plan features a formal living room with a cozy wood-burning fireplace and a beautiful bay window overlooking the backyard, allowing for plenty of natural light. The kitchen and living spaces flow comfortably for everyday living and entertaining alike. Spacious bedrooms and functional living areas provide flexibility and comfort for occupants and guests. Step outside to enjoy the backyard space with room for relaxing, gardening, or entertaining. Conveniently located near shopping, dining, schools, parks, and freeway access, this home offers both convenience and long-term value. Whether you are looking to expand your investment portfolio or secure a home with reliable rental income already in place, this property is an excellent opportunity you won't want to miss!

Listed by Felisa Cusimano-Martin — Dickson Realty - Sparks

Listing Details

Status Active
MLS # 260006650
Price/Sq Ft $289

Property History

May 26, 2026
Listed for sale
$515,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 1,784
Lot Size 0.11 acres
Stories 2
Year Built 1990
Property Type Single Family Residence
Subdivision Lewis Homes Sparks 12R
STR Jurisdiction Washoe County
APN 036-621-03
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level, Sprinklers In Rear
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air
Cooling Central Air
Financial
Annual Tax $2,193
Schools
Elementary School Dunn
Middle School Dilworth
High School Reed
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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% ($103,000)
Home price
$515,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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