$395,000 Active
990 Ralph Court
Sparks, NV 89434
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
1,786 Sq Ft

About This Property

The value is already baked in. This 4-bedroom, single-level home is priced below comparable sales to reflect its condition, giving the right buyer instant equity potential the moment they pick up a tool. Sitting on a generously sized, pie-shaped flat lot in a desirable court location, the property offers the kind of privacy and usable outdoor space that is increasingly hard to find. The floor plan flows well, a functional layout that makes renovation planning straightforward, not a puzzle. Major mechanical systems have been updated for peace of mind: the AC and furnace were replaced in 2018, and the water heater in 2022. Transparency is a priority here. A completed Home Inspection and Pest Inspection are available for review, no surprises, no guesswork. The seller is not making repairs, and the price reflects that honestly. Whether you are an investor, a contractor, or a buyer who knows a good canvas when they see one, this is a rare chance to get into a well-located home at a well-below-market price. Do not miss this one. Homes priced like this do not wait around.

Listed by Annette Junell — Keller Williams Group One Inc.

Listing Details

Status Active
MLS # 260006243
Days on Market 2
Price/Sq Ft $221

Property History

May 18, 2026
Listed for sale
$395,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,786
Lot Size 0.20 acres
Stories 1
Year Built 1973
Property Type Single Family Residence
Subdivision Lewis Homes Sparks 1
APN 036-162-20
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Cul-De-Sac, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Construction Unknown
Roof Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air
Cooling Central Air
Financial
Annual Tax $1,519
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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($79,000)
Home price
$395,000
Loan details
30-yr fixed, 6.5%
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