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13935 Kewanna Trl Reno, NV 89521

3 Beds 2 Baths 1,534 sqft Built 1973

INVESTimate

$459,950

List Price

$1,990

$1,791 - $2,189

Rent Est.

$507,095  ( +10.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $299.84
  • 3 Days on Market
  • MLS # : 200011667
  • Updated Date : 08/25/2020 at 17:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,534 sqft
  • Baths : 2 full
Listing Agent

Ferrari-lund R.e. Sparks

Listing Agent's Description

This meticulously maintained home sits on a quiet street with mature trees and amazing views of Mt. Rose. The house backs to Virginia Foothills Park. The home is on a half acre lot with a circle driveway and a fully fenced front yard so you can enjoy the wild horses without them enjoying your grass. Inside there is an updated kitchen with custom hickory cabinets and ample counter space.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Virginia Footills

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $153k447k

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

Neighborhood: Virginia Footills

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802212

* 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
 

$413,955$505,945$459,950

PURCHASE PRICE

$1,791$2,189$1,990

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

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 $1,990
EXPENSES Loan Payment -$1,697
Property Tax -$406
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$292

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.

$459,950

PROJECTED PRICE

$1,990

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.25%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,637

INVESTMENT

$127,637

Down Payment
$114,988
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,988
Loan Amount $344,963
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$11,036

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,990
$1,990
RENT COMPS ANALYSIS
  • 13935 Kewanna Trl Reno, 2
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.30
    •  
  • 14030 Tourmaline Drive Reno, 1
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1977
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.32
    •  
PROPERTY LISTING DETAILS
Amanda Alfaro
Ferrari-lund R.e. Sparks
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011667
Last Updated: 08/25/2020
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