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10450 San Fernando Road Reno, NV 89508

3 Beds 2 Baths 1,984 sqft Built 1984

$435,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $219.25
  • 4 Days on Market
  • MLS # : 200017172
  • Updated Date : 12/26/2020 at 06:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,984 sqft
  • Baths : 2 full
Listing Agent

Ferrari-lund Real Estate Reno

Listing Agent's Description

Incredible VIEWS! Beautiful 3 bdrm, 2 bth home w/lg family bonus rm on 1 ac! Kitchen w/new built-in microwave, slab granite counters & breakfast bar. Bdrms all on main level, lg bonus rm, perfect for entertaining, office or additional bdrms. Beautifully redone bathrooms, City close, country quiet, ride your horse or AVT & ride from home, BLM is right there, yet 14 minutes from downtown. Ready to move into, bring all your toys or work trucks! New roof in 2015, 2018 New well pump &... See Private Remarks

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silver Knolls - Red Rock

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360kPrice in $142k366k

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

Neighborhood: Silver Knolls - Red Rock

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081956

* 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
Silver Lake Elementary School Primary Regular 630 32 5
Cold Springs Middle Schools Middle Regular 717 28 NA
North Valleys High School High Regular 2,061 96 3

Silver Lake Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 32
5
GreatSchools Rating

Cold Springs Middle Schools

  • Education Level: Middle
  • # of students: 717
  • # of teachers: 28
NA
GreatSchools Rating

North Valleys High School

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

$391,500$478,500$435,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,605
Property Tax -$443
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$216

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.

$435,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 13.5%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,585

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
  • $2,123

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$2,100
$2,100
RENT COMPS ANALYSIS
  • 10450 San Fernando Road Reno, NV 1
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10585 Trailmaster Reno, NV 2
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1985
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
  • 10570 Trailmaster Reno, NV 3
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1989
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.19
    •  
PROPERTY LISTING DETAILS
Carl Jorgensen
Ferrari-lund Real Estate Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200017172
Last Updated: 12/26/2020
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