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11425 Verazae Dr Reno, NV 89521

4 Beds 3 Baths 2,300 sqft Built 2011

INVESTimate

$485,000

List Price

$2,280

$2,052 - $2,508

Rent Est.

$524,722  ( +8.19%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2011
  • Price/Sqft : $210.87
  • 10 Days on Market
  • MLS # : 200011361
  • Updated Date : 08/22/2020 at 22:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,300 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homenv

Listing Agent's Description

The best of Curti Ranch! This 4 bedroom 2.5 bath charmer boasts unobstructed views and is adjacent to community walking trails. Granite counters, large laundry room (appliances stay with the home), a fun great room upstairs and bedrooms with those fabulous views are just some of the highlights. The back yard is quite lovely with a covered patio and a nicely manicured lawn. Home will be professionally cleaned and carpets washed! Welcome home!

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PRICE & RENT TRENDS

Neighborhood: Curti Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Curti Ranch

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
Brown Elementary School Primary Regular 886 43 8
Depoali Middle School Middle Unknown 1,135 53 NA
Damonte Ranch High School High Regular 1,617 70 8

Brown Elementary School

  • Education Level: Primary
  • # of students: 886
  • # of teachers: 43
8
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
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,052$2,508$2,280

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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,789
Property Tax -$370
Property Insurance -$76
HOA -$52
Property Management Fees -$119
CASH FLOW
-$126

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.

$485,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.19%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$24,748

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
  • $2,292

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$2,3004$2,500
$2,500
RENT COMPS ANALYSIS
  • 11425 Verazae Dr Reno, 1
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10830 Walnut Ridge Drive Reno, 2
    • 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,953 Sqft ∙ Built 2014
    property image
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 10131 Mesa Cortona Drive Reno, 3
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2015
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.06
    •  
  • 11590 Rivolli Drive Reno, 4
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2013
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Irene Voronel
Homenv
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011361
Last Updated: 08/22/2020
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