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1558 Backer Reno, NV 89523

3 Beds 2 Baths 1,703 sqft Built 1995

$440,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $258.37
  • 3 Days on Market
  • MLS # : 210000562
  • Updated Date : 01/17/2021 at 00:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Chase International-damonte

Listing Agent's Description

This single level home in NW Reno is in an awesome location with no side neighbors and no HOA! Beautiful wood flooring, vaulted ceilings and see thru gas fireplace adorns the living and family rooms. Spacious kitchen with great room concept. Master bedroom has dual sinks, shower stall and garden tub. This home is in walking distance to schools, shopping and more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Suncrest

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $142k403k

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

Neighborhood: Suncrest

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081912

* 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
Winnemucca Elementary School Primary Regular 630 33 7
Winnemucca Elementary School Middle Regular 630 33 7
Mcqueen High School High Regular 1,828 83 10

Winnemucca Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 33
7
GreatSchools Rating

Winnemucca Elementary School

  • Education Level: Middle
  • # of students: 630
  • # of teachers: 33
7
GreatSchools Rating

Mcqueen High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 83
10
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,528
Property Tax -$648
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$478

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.

$440,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 10.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$636

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
  • $2,010

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$2,0204$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1558 Backer Reno, NV 1
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2266 Sapphire Ridge Reno, NV 2
    • 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2002
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.12
    •  
  • 1790 Terrace Heights Lane Reno, NV 3
    • 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.21
    •  
  • 6541 Breckenridge Reno, NV 4
    • 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
    •  
  • 2340 Blue Canyon Ct Reno, NV 5
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2004
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.25
    •  
PROPERTY LISTING DETAILS
Robert Coons
Chase International-damonte
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000562
Last Updated: 01/17/2021
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