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11240 White Sage Dr Reno, NV 89506

4 Beds 2 Baths 1,260 sqft Built 1976

$329,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $261.83
  • 5 Days on Market
  • MLS # : 200015497
  • Updated Date : 11/06/2020 at 21:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,260 sqft
  • Baths : 2 full
Listing Agent

Assist-2-sell Buyers & Sellers

Listing Agent's Description

Like a Brand New Home. Home has had a major update. New Kitchen, New bathrooms, New drywall, new insulation, newly drywalled and painted garage, new carpet, new flooring throughout. You will not be disappointed! Close in Stead location. Room to park a RV. No HOA. Home is in a Coming Soon Status as the Seller adds a few extra touches. All wiring and insulation has been brought up to 2020 codes. Permits available Showings Start 11/25/2020 Call Listing agent Janet Oliver for more information

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Sage Estates South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Sierra Sage Estates South

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9801912

* 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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,217
Property Tax -$291
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$1

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.

$329,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.0%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,5104$1,680
$1,680
RENT COMPS ANALYSIS
  • 11240 White Sage Dr Reno, NV 4
    • 4 beds 2 baths ∙ 1,260 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,260 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.33
    •  
  • 6735 Lotus Reno, NV 1
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1982
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.27
    •  
  • 6865 Lotus Reno, NV 2
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1984
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.41
    •  
  • 6725 Peppermint Dr Reno, NV 3
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1982
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.40
    •  
PROPERTY LISTING DETAILS
Janet Oliver
Assist-2-sell Buyers & Sellers
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015497
Last Updated: 11/06/2020
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