$385,000 Active Under Contract
288 Fallen Leaf Lane
Fernley, NV 89408
STR Status Unknown
3 Beds
·
2.0 Baths
·
1,618 Sq Ft

About This Property

**Back on market! Buyers could not perform** Welcome to this charming 3-bedroom, 2-bath home nestled in the growing community of Fernley! Ideally located near the Fernley Golf Club, local restaurants, and schools, this property offers both convenience and comfort. Step inside to discover a functional and inviting layout perfect for everyday living. Whether you're relaxing at home or entertaining guests, this space is designed to fit your lifestyle. With no HOA, you'll enjoy added freedom and flexibility, an increasingly rare find. This home presents an incredible opportunity for first-time homebuyers looking to put down roots or investors seeking to expand their portfolio in a high-demand area. Don't miss your chance to own a well-located home with great potential in a thriving market!

Listed by Kami Porterfield — RE/MAX Professionals-Reno

Listing Details

Status Active Under Contract
MLS # 260004492
Days on Market 27
Price/Sq Ft $238

Property History

Apr 15, 2026
Listed for sale
$385,000
Current
Pending
$385,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,618
Lot Size 0.14 acres
Stories 1
Year Built 2004
Property Type Single Family Residence
Subdivision Desert Springs Ph 6
APN 020-763-27
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage, None
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Sprinklers In Rear
Roof Composition, Shingle
Foundation Slab
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $2,162
Schools
Elementary School East Valley
Middle School Silverland
High School Fernley
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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% ($77,000)
Home price
$385,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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