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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $260.29
- 40 Days on Market
- MLS # : 200016390
- Updated Date : 12/07/2020 at 17:11
CONSTRUCTION
- Beds : 4
- Floor Size : 2,017 sqft
- Baths : 2 full
Listing Agent
Keller Williams Group One Inc.
Listing Agent's Description
Beautiful single story home shows pride of ownership. Great location in North West Reno across from Rainbow Ridge Park with walking trails nearby. The home is adorned with hardwood floors, lots of light from the abundance of windows and cathedral ceiling in the main living area. The kitchen has extra cabinets built in for extra storage, a full custom backsplash which offers a spark of color in this functional white kitchen.
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PRICE & RENT TRENDS
Neighborhood: Sierra Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$752 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$695
|
||
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.
$525,000
PROJECTED PRICE
$2,070
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 11.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
0.25
YEARS SAVED
$99
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
-
$2,234
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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1449 Lindsay Drive Reno, NV 1
- 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1999
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- $0
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1454 Snow Summit Drive Reno, NV 2
- 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2013
LEASED 01/05/20- Rent
- Rent Per SQFT
- $2,095
- $1.19
-
6541 Breckenridge Reno, NV 3
- 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,100
- $1.14
-
1545 Grandpoint Way Reno, NV 4
- 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 1989
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,200
- $0.96
-
5230 Mountcrest Lane Reno, NV 5
- 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988
LEASED 11/16/20- Rent
- Rent Per SQFT
- $2,600
- $1.14
PROPERTY LISTING DETAILS
Keller Williams Group One Inc.
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200016390
Last Updated: 12/07/2020
