$539,000
Active
986 Montero Drive
Sparks, NV 89436
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
2.0
Baths
·
1,732
Sq Ft
About This Property
INVESTOR ALERT! Exceptional opportunity to add a tenant-occupied property to your investment portfolio with a lease in place through April 2027, providing immediate rental income. This well-maintained home offers 3 bedrooms and 2 bathrooms with a functional floor plan designed for comfortable living. Enjoy hard surface flooring throughout the main living areas with carpet in all bedrooms for added comfort. Conveniently located near shopping, dining, schools, and commuter routes, this property is an excellent addition to any investment portfolio. Don't miss this chance to secure a turnkey rental with long-term tenants already in place!
Listed by Felisa Cusimano-Martin — Dickson Realty - Sparks
Listing Details
Status
Active
MLS #
260009700
Days on Market
1
Price/Sq Ft
$311
Property History
Jul 28, 2026
Listed for sale
$539,000
Property Overview
Beds
3
Baths
2.0
Sq. Ft.
1,732
Lot Size
0.15 acres
Stories
1
Year Built
2000
Property Type
Single Family Residence
Subdivision
Kiley Ranch 1 Phase 2
STR Jurisdiction
Washoe County
APN
516-152-14
Parking
Garage Spaces
2
Total Parking
2
Parking Features
Attached, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
None
Lot Features
Level
Roof
Composition, Pitched, Shingle
Foundation
Crawl Space
Utilities & Systems
Heating
Forced Air
Cooling
Central Air
Financial
Annual Tax
$2,819
Schools
Elementary School
Sepulveda
Middle School
Sky Ranch
High School
Reed
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% ($107,800)
Home price
$539,000
Loan details
30-yr fixed, 6.5%
