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11240 Bondshire Dr Reno, NV 89511

4 Beds 3 Baths 2,288 sqft Built 1988

INVESTimate

$619,000

List Price

$2,240

$2,016 - $2,464

Rent Est.

$670,315  ( +8.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $270.54
  • 8 Days on Market
  • MLS # : 200011375
  • Updated Date : 08/24/2020 at 15:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,288 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Group One Inc.

Listing Agent's Description

Great 4 bedroom home in a great location of Old South Suburban Reno. All bathrooms and kitchen updated a few years ago. Large yard with fruit trees and multiple storage sheds. Plenty of room for all your toys and animals with RV parking. Long driveway for plenty of off street parking and a 3 car garage with a large separate room for a shop at the back of the garage. Possible water rights available as irrigation water trench/ditch pass through the back of the property. Easy access to S. Virginia St.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southern Comfort

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500kPrice in $153k544k

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

Neighborhood: Southern Comfort

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21200130014001500160017001800190020002100220023002400Rent in $11802491

* 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
Lenz Elementary School Primary Regular 502 23 10
Lenz Elementary School Middle Regular 502 23 10
Galena High School High Regular 1,345 8

Lenz Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 23
10
GreatSchools Rating

Lenz Elementary School

  • Education Level: Middle
  • # of students: 502
  • # of teachers: 23
10
GreatSchools Rating

Galena High School

  • Education Level: High
  • # of students: 1,345
  • # of teachers:
8
GreatSchools Rating
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,284
Property Tax -$240
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$479

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.

$619,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.29%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$12,039

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
  • $2,334

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,300
$2,300
RENT COMPS ANALYSIS
  • 11240 Bondshire Dr Reno, 1
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1516 Diamond Country Drive Reno, 2
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1997
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 550 W Patriot Reno, 3
    • 4 beds 2 baths ∙ 2,266 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,266 Sqft ∙ Built 1991
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jerry Bellinger
Keller Williams Group One Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011375
Last Updated: 08/24/2020
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