What are some good areas or zip codes in the Reno, Nevada market?

[Josh Rodriguez]

Hello BP,

My business partner and I are looking to invest in the Reno, Nevada area.

We are looking for at least a 3bed/2 bath single family home in the range of $325,000.

Does anyone know any good areas or zip codes we can run some numbers on?

Thank you in advance for your recommendations!

[Daniel Davis]

Hey Josh, I've got a 3 SFRs in the Reno market that cashflow $700 - $1000 a month. The $325,000 price range is a bit low for that market but if you are ok with putting in some renovation work, it could be possible. If you are ok with buying something on the Sparks side (894236/89512), which is an adjoining municipality just East of Reno, I think you could find something that wouldn't take too much work. In Reno proper will be tough to find a property with decent ROI in that price range.

I have lived here and been investing here for the last 5 years. I would love to connect and share my contacts with you.  I know a fantastic, investor focused realtor who invests out her herself who can put together some pro formas for you.  Happy to connect and discuss the market.  

-Daniel