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10081 Galilee Reno, NV 89506

4 Beds 3 Baths 2,190 sqft Built 2001

$415,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $189.50
  • 24 Days on Market
  • MLS # : 200016985
  • Updated Date : 01/09/2021 at 01:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,190 sqft
  • Baths : 2 full , 1 half
Listing Agent

Harcourts Nv1 Realty

Listing Agent's Description

Gorgeously renovated home available now in Stead! Situated on a corner lot, this home has room for everybody! Every update has been thoughtfully considered in this home. You’ll be blown away by the open concept kitchen featuring gorgeous white quartzite countertops. There is brand new carpet upstairs and in the bedrooms. The master retreat is so large there is space for a private, work-from-home office. The master walk in closet and bathroom feature tons of storage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sky Vista Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sky Vista Village

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9911912

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Stead Elementary School Primary Regular 701 42 4
Stead Elementary School Middle Regular 701 42 4
North Valleys High School High Regular 2,061 96 3

Stead Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 42
4
GreatSchools Rating

Stead Elementary School

  • Education Level: Middle
  • # of students: 701
  • # of teachers: 42
4
GreatSchools Rating

North Valleys High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 96
3
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,441
Property Tax -$650
Property Insurance -$74
HOA -$80
Property Management Fees -$119
CASH FLOW
-$484

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$415,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$240

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,850
$1,850
RENT COMPS ANALYSIS
  • 10081 Galilee Reno, NV 1
    • 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,190 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9688 Autumn Leaf Way Reno, NV 2
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2002
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
  • 9245 Red Baron Reno, NV 3
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2005
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jessica Hodges
Harcourts Nv1 Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016985
Last Updated: 01/09/2021
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