Under $500K Investment Properties for Sale in Reno, NV
Listed for sale 1 day ago
$ 282,500
ROI
23.2
Cash Flow/m
270- 3 Bed
- 2 Bath
- 1305 sft
3790 Shirley Ave, Reno, NV, 89512
$ 449,000
ROI
21.1Cash Flow/m
168- 2 Bed
- 2 Bath
- 1651 sft
9900 Wilbur May Pkwy APT 4404, RENO, NV, 89521
Listed for sale 2 days ago
$ 243,900
ROI
24.0Cash Flow/m
286- 3 Bed
- 2 Bath
- 1064 sft
45 Iris Ct, Reno, NV, 89512
Listed for sale 2 days ago
$ 150,000
ROI
27.4Cash Flow/m
317- 3 Bed
- 2 Bath
- 1440 sft
114 Skidoo Ave, Reno, NV, 89506
Why Invest in Reno, Nevada?
Reno, NV offers strong investment opportunities in homes under $500k, particularly for cash-flow focused investors. The city's proximity to Lake Tahoe and growing tech sector drive consistent rental demand. With cap rates around 6-7% and annual appreciation of 4-5%, these properties deliver solid returns. Renter-occupied housing exceeds 45%, supported by a diversifying economy. Low entry prices make scaling portfolios accessible for new investors.
8.5%
Avg. ROI
6.2%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1650/mo
Avg. Rent
4.8%
1Y Appreciation
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