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14185 Princequillo Ct Reno, NV 89521

3 Beds 3 Baths 2,688 sqft Built 2006

INVESTimate

$610,000

List Price

$2,550

$2,300 - $2,800

Rent Est.

$659,959  ( +8.19%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $226.93
  • 7 Days on Market
  • MLS # : 200011437
  • Updated Date : 08/23/2020 at 16:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,688 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Realty Affiliates-reno

Listing Agent's Description

We are living in our homes more. This green, energy efficient home will save you over $1000 per year in utility bills. RV, ATV, and boat storage is no longer a cost, and everything that sat in the storage locker can now come home. And what a beautiful single story home it is. Gorgeous hardwood floors greet you at the door and continue through the living/ dining room into the kitchen and great room. This location offers easy access to I-580, the new Veterans Parkway, Mt Rose ski area and Lake Tahoe. Turn-key

SEE MORE

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
 

$549,000$671,000$610,000

PURCHASE PRICE

$2,295$2,805$2,550

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 $2,550
EXPENSES Loan Payment -$2,251
Property Tax -$434
Property Insurance -$84
HOA -$38
Property Management Fees -$119
CASH FLOW
-$375

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.

$610,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.42%

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$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$15,457

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
  • $2,688

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,595
$2,595
RENT COMPS ANALYSIS
  • 14185 Princequillo Ct Reno, 1
    • 3 beds 3 baths ∙ 2,688 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,688 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11590 Rivolli Drive Reno, 2
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2013
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 365 Terracina Way Reno, 3
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2010
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.02
    •  
PROPERTY LISTING DETAILS
Paul Richards
Re/max Realty Affiliates-reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011437
Last Updated: 08/23/2020
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