$635,000 Active Under Contract
5560 E Rainbow Ridge Court
Reno, NV 89523
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
2,272 Sq Ft
Virtual Tour

About This Property

Beautifully refreshed and truly move-in ready! This spacious 4-bedroom, 3-bath home on a quiet cul-de-sac with an oversized, 1/3+ acre lot has room for everyone. The interior shines with new, neutral interior paint throughout, brand-new carpet and vinyl flooring, updated 2-inch blinds, fresh exterior paint, partial new fencing, and a full professional cleaning just completed. Inside, you'll be impressed by the soaring ceilings, large windows, and abundant natural light. The functional floorplan includes a sunken living room, a full bathroom, and a bedroom on the main level (also ideal for an office!). The kitchen features slate flooring and opens to the cozy family room with a fireplace as its centerpiece. The generously-sized primary suite is a true retreat, with high ceilings, mountain views, garden tub, dual vanities, and a large, walk-in closet. Outside, discover a huge, private backyard that serves as a blank canvas with endless potential to create your dream outdoor space, built for entertaining, play, and unforgettable outdoor living. The oversized, finished 3-car garage has ample room for vehicles, storage, or projects and includes a 220v sub-panel! Other features include a newer water heater with recirculating pump (2022), roof replaced in 2013, and central A/C. Ideally located next to the Chalk Creek watershed and walking path to Rainbow Ridge Park, with shopping, dining, downtown, and midtown just minutes away. Well-priced and packed with value; make your private showing appointment today!

Listed by Alicia Gardner — Redfin

Listing Details

Status Active Under Contract
MLS # 260005030
Days on Market 13
Price/Sq Ft $279

Property History

Apr 24, 2026
Listed for sale
$635,000
Current
Pending
$635,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,272
Lot Size 0.35 acres
Stories 2
Year Built 1988
Property Type Single Family Residence
Subdivision Sierra Highlands 5
APN 039-451-03
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters, None
Lot Features Cul-De-Sac, Gentle Sloping, Landscaped, Level, Sprinklers In Front
View Mountain(s)
Construction Masonite
Roof Composition, Pitched, Shingle
Foundation Concrete Perimeter, Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,917
Schools
Elementary School Winnemucca, Sarah
Middle School Billinghurst
High School McQueen
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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% ($127,000)
Home price
$635,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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