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10641 Vista Bonita Lane Reno, NV 89521

3 Beds 2 Baths 1,593 sqft Built 2001

INVESTimate

$430,000

List Price

$1,820

$1,638 - $2,002

Rent Est.

$474,677  ( +10.39%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $269.93
  • 10 Days on Market
  • MLS # : 200011258
  • Updated Date : 08/24/2020 at 22:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,593 sqft
  • Baths : 2 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

A Fabulous home in the charming Double Diamond community. Features 3 bedrooms, 2 full bathrooms, easy care tile flooring throughout the home (except bedrooms have carpet), sunny dining area, breakfast bar, lots of cabinets and plenty of counter-space for the cook, over-sized garage with lots of storage and shelves. The backyard is very private with mature landscaping, raised garden beds, and is perfect for entertaining under the covered patio, SEE EXTENDED REMARKS

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Double Diamond

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Double Diamond

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802208

* 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
Double Diamond Elementary School Primary Regular 849 40 7
Depoali Middle School Middle Unknown 1,135 53 NA
Damonte Ranch High School High Regular 1,617 70 8

Double Diamond Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Depoali Middle School

  • Education Level: Middle
  • # of students: 1,135
  • # of teachers: 53
NA
GreatSchools Rating

Damonte Ranch High School

  • Education Level: High
  • # of students: 1,617
  • # of teachers: 70
8
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,587
Property Tax -$248
Property Insurance -$61
HOA -$115
Property Management Fees -$119
CASH FLOW
-$310

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$430,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.39%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,448

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
  • $1,832

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,0004$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 10641 Vista Bonita Lane Reno, 1
    • 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1648 Rocky Cove Reno, 2
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 2000
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.19
    •  
  • 10583 Crystal Bay Drive Reno, 3
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2003
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.13
    •  
  • 1755 Wind Ranch #b Reno, 4
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.14
    •  
  • 1915 Wind Ranch #a Reno, 5
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2008
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.14
    •  
PROPERTY LISTING DETAILS
Courtney Young
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011258
Last Updated: 08/24/2020
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