Condo Investment Properties for Sale in Sparks, NV
Listed for sale 1 day ago
$ 282,000
ROI
24.5
Cash Flow/m
376- 3 Bed
- 1 Bath
- 1026 sft
1009 Baywood Dr APT C, Sparks, NV, 89434
Listed for sale 2 days ago
$ 269,000
ROI
23.6Cash Flow/m
287- 2 Bed
- 2 Bath
- 1102 sft
2364 Roundhouse Rd, Sparks, NV, 89431
$ 217,500
ROI
23.9Cash Flow/m
251- 1 Bed
- 1 Bath
- 630 sft
1065 Baywood Dr APT B, Sparks, NV, 89434
$ 329,900
ROI
26.8Cash Flow/m
648- 3 Bed
- 2 Bath
- 1380 sft
1126 Bradley Sq, Sparks, NV, 89434
Why Invest in Sparks, Nevada?
Sparks, NV offers strong opportunities for condo investors seeking steady rental income in a growing metro area. With proximity to Reno and robust job growth, condos here deliver reliable cash flow. Average rents hover around $1,600 monthly, supporting cap rates near 5.5%. Renter occupancy exceeds 45%, bolstered by low vacancy and modest appreciation. Tight inventory at 1.8 months supply favors investors in this stable market.
7.2%
Avg. ROI
5.8%
Rental Yield
5.5%
Cap Rate
$420/mo
Avg. Cash Flow
$1620/mo
Avg. Rent
2.1%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields around 5.8% with high renter occupancy. Low inventory supports value stability. Proximity to jobs enhances demand.
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