$925,000 Active Under Contract
610 Desert Shadows Lane
Fernley, NV 89408
STR Status Unknown

About This Property

Embark on a lucrative venture with this 23-lot subdivision in the thriving city of Fernley. Each lot spans over 0.25+ acres, offering ample space for constructing larger homes and versatile floorplans tailored to modern living. Benefit from complete peace of mind with all water rights securely banked with the City of Fernley, ensuring a seamless build-out process and long-term sustainability for your development project., Nestled amidst breathtaking mountain vistas, these lots promise residents an idyllic setting that captures the essence of Nevada’s natural beauty. Located within a stone’s throw of Fernley High School, this subdivision offers the perfect balance of serene residential living and convenient access to educational excellence. With the groundwork laid out and the city’s support, transform this subdivision into a sought-after enclave that resonates with the aspirations of discerning homeowners. As Fernley continues to expand, seize this chance to be at the forefront of its residential development. This is more than just land; it’s the foundation for a thriving community.

Listed by Robert Herrera — Sierra Nevada Properties-Frnly

Listing Details

Status Active Under Contract
MLS # 230003303
Days on Market 1149

Property History

Apr 13, 2023
Listed for sale
$925,000
Current
Pending
$925,000
Property Overview
Lot Size 8.63 acres
Property Type Land
APN 021-541-56
Exterior & Lot
Lot Features Sloped Up, Corners Marked
View Mountain(s)
Financial
Annual Tax $1,315
Schools
Elementary School Cottonwood
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
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% ($185,000)
Home price
$925,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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