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1080 Shadelands Court 
Reno, NV
89523
4 Beds 3 Baths 1,733 sqft
Built 1994
INVESTimate
$439,900
List Price
$122,324
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PROPERTY INFO
FACTS
- Built In 1994
- Price/Sqft : $253.84
- 3 Days on Market
- MLS # : 200011676
- Updated Date : 08/24/2020 at 21:58
CONSTRUCTION
- Beds : 4
- Floor Size : 1,733 sqft
- Baths : 2 full , 1 half
Listing Agent
Dickson Realty - Caughlin
Listing Agent's Description
Beautiful home in the heart of Northwest Reno with soaring ceilings, distressed hickory flooring, both formal and informal living/dining spaces, and a wonderfully done zeroscaped front and back yard with mature fruit trees The nicely updated kitchen opens to the great room and breakfast nook with access to the well shaded and private back yard. Upstairs you'll find all bedrooms with vaulted ceilings including the large master. This cul-du-sac location is close to shopping, gyms, and walking trails.
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PRICE & RENT TRENDS
Neighborhood: Mae Anne Avenue
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mae Anne Avenue
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$574 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$520
|
||
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.
$439,900
PROJECTED PRICE
$1,860
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 14.35% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$122,324
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,975 |
| Loan Amount | $329,925 |
0.5
YEARS SAVED
$796
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
-
$1,937
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
1080 Shadelands Court Reno, 1
- 4 beds 3 baths ∙ 1,733 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,733 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6326 Blue Lakes Ct. Reno, 2
- 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1992
LEASED 03/07/19- Rent
- Rent Per SQFT
- $1,695
- $1.06
-
2266 Sapphire Ridge Reno, 3
- 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2002
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,695
- $1.12
-
6374 Park Place Reno, 4
- 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1995
LEASED 05/20/19- Rent
- Rent Per SQFT
- $1,850
- $1.15
-
6541 Breckenridge Reno, 5
- 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,100
- $1.14
PROPERTY LISTING DETAILS
Dickson Realty - Caughlin
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200011676
Last Updated: 08/24/2020
