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Cap Rate Analysis: Gardnerville Ranchos, NV

Investment metrics, interactive calculators, and data-driven analysis for Gardnerville Ranchos rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $680,000 median price and $2,440/mo median rent
Est. Cap Rate
2.73%
1% Rule
0.36%
Fails
GRM
23.2x
Price / Income
10.8x

Market Data

Median Home Price$680,000
Median Monthly Rent$2,440
Property Tax Rate0.56%
Population50,000
Population Growth2.2% / yr
Median Household Income$63,120
Vacancy Rate5%
Annual Appreciation3.2%

Cap Rate Calculator — Gardnerville Ranchos

Pre-filled with Gardnerville Ranchos medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.56% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.36%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$16,020
net operating income
Gross Rent Multiplier
23.2x
High (>15)
1% Rule
0.36%
✗ Fails
Monthly Cash Flow
$1,335
before debt service
Annual Breakdown
Gross Rental Income$29,280
Less Vacancy−$1,464
Effective Income$27,816
Less Operating Expenses−$11,796
Net Operating Income$16,020
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Cash-on-Cash Return — Gardnerville Ranchos

Factor in financing to see your actual return on invested capital in Gardnerville Ranchos.

$
$170,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-12.04%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$190,400
$170,000 down + $20,400 closing
Monthly Mortgage
$3,325
on $510K loan
Monthly Cash Flow
$-1,910
after all expenses
Annual Cash Flow
$-22,918
before taxes
Cash Flow Breakdown
Monthly Rent$2,440
Less Expenses−$1,025
Less Mortgage−$3,325
Monthly Cash Flow$-1,910

Is Gardnerville Ranchos a Good Place to Invest in Rental Property?

Gardnerville Ranchos, NV has a population of 50,000 and has been growing at 2.2% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $680,000 paired with median rents of $2,440/mo produces an estimated cap rate of 2.73%.

Property taxes at 0.56% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 5% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 10.8x, homes cost about 10.8 times the local median income of $63,120. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 3.2% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Gardnerville Ranchos is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

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