Incline Village, NV — Rental Investment Analysis
🔴POOR— negative cash flow likelyData: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.
Investment Summary
As of 2026, Incline Village, NV has a -0.2% cap rate, indicating limited cash flow potential at current prices of $2,148,712 median.
Incline Village is very expensive relative to rents — expect negative cash flow. At $2,148,712 median home price, Incline Village requires significant capital. A 20% down payment alone is $429,742. With 3-bedroom rents around $2,960/month, the -0.2% cap rate tells the story. Cash flow is deeply negative at -$12,053/month with standard assumptions. This market requires appreciation to justify the investment.
At 0.16% on the 1% rule, rents are low relative to purchase prices. You'd need a significant discount from asking price to make the numbers work. DSCR of -0.02 is below 1.0, meaning rental income doesn't cover the mortgage. DSCR lenders will likely decline this market at current prices.
Bottom line: At current valuations, Incline Village doesn't make sense for rental investors focused on returns. Look at lower-cost markets unless you have specific local knowledge.
Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.
Cap Rate
-0.2%
Below average
Monthly Cash Flow
-$12,053
After all expenses
Price-to-Rent
61.0
Overpriced for rent
DSCR
-0.02
Fails
Key Metrics
- Median Home Price
- $2,148,712
- Average Rent (3BR)
- $2,960/mo
- Price-to-Rent Ratio
- 61.0(high)
- 1% Rule
- 0.16%(fails — need 1%+)
- Cash-on-Cash Return
- -28.5%
- Vacancy Rate
- 8.0%
Market Strength
- Unemployment Rate
- 5.3%(+1% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +0.7% YoY
Property Tax Rate
0.53%
of assessed value (NV avg)
Median Income
$65,686
household (NV avg)
Rent-to-Income
54.1%
Stretched
Section 8 Max Rent
$2,960/mo
3BR voucher payment
NV Investor Climate
Landlord Friendly
6/10
State Income Tax
None
Property Tax
0.53% effective
Population Trend
+0.7% (3yr)