$250,000
Active
1241 W Newlands Drive
Fernley, NV 89408
STR Status Unknown
2
Beds
·
1.0
Baths
·
900
Sq Ft
About This Property
The adjoining property 1235 W. Newlands is also for sale. There is the option to purchase these two properties together. This property is conveniently located off of HWY 80 with only a 20 min commute to TRIC. It is close to shopping, dining, and Renown Urgent Care. There is a private backyard ready for landscaping and a spacious patio to sit out front. Washer and dryer do not convey with property.
Listed by Rachael Eberle — Ferrari-Lund Real Estate Reno
Listing Details
Status
Active
MLS #
250051956
Price/Sq Ft
$278
Property History
Jun 23, 2025
Listed for sale
$250,000
Property Overview
Beds
2
Baths
1.0
Sq. Ft.
900
Lot Size
0.10 acres
Stories
1
Year Built
1982
Property Type
Single Family Residence
Subdivision
Sandia Ph 3A
APN
020-331-04
Parking
Garage Spaces
1
Total Parking
1
Parking Features
Additional Parking, Garage
Attached Garage
Yes
Exterior & Lot
Exterior Features
Rain Gutters
Lot Features
Sprinklers In Front, Sprinklers In Rear
View
Mountain(s), Trees/Woods
Roof
Composition, Shingle
Foundation
Slab
Utilities & Systems
Heating
Natural Gas, Wall Furnace
Cooling
Evaporative Cooling, Wall/Window Unit(s)
Financial
Annual Tax
$1,033
Schools
Elementary School
Cottonwood
Middle School
Fernley
High School
Fernley
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% ($50,000)
Home price
$250,000
Loan details
30-yr fixed, 6.5%
