Sparks, NV — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.2%
Below average
Monthly Cash Flow
-$1,469
After all expenses
Price-to-Rent
16.9
Overpriced for rent
DSCR
0.50
Fails
📊 Key Metrics
- Median Home Price
- $523,364
- Average Rent (3BR)
- $2,510/mo
- Price-to-Rent Ratio
- 16.9(high)
- 1% Rule
- 0.50%(fails — need 1%+)
- Cash-on-Cash Return
- -14.1%
- 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
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.53%
of assessed value (NV avg)
Median Income
$65,686
household (NV avg)
Rent-to-Income
45.9%
Stretched
Section 8 Max Rent
$2,510/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)