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16200 Tanea Reno, NV 89511

5 Beds 3 Baths 2,698 sqft Built 1999

$619,900

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $229.76
  • 3 Days on Market
  • MLS # : 200016107
  • Updated Date : 11/21/2020 at 16:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,698 sqft
  • Baths : 3 full
Listing Agent

Dickson Realty - Damonte Ranch

Listing Agent's Description

Beautiful 5 bedroom home located in the sought after Galena Meadows community in South Reno. This two story home is move in ready. Wonderfully maintained. Two bedrooms downstairs and 3 bedrooms upstairs. Spacious Bonus Room upstairs with ample built-ins for storage. Large backyard with covered deck, storage shed, gated garden area and RV parking.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Galena Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $142k547k

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

Neighborhood: Galena Meadows

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001400160018002000220024002600Rent in $11082647

* 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
Lenz Elementary School Primary Regular 502 23 10
Lenz Elementary School Middle Regular 502 23 10
Galena High School High Regular 1,345 8

Lenz Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 23
10
GreatSchools Rating

Lenz Elementary School

  • Education Level: Middle
  • # of students: 502
  • # of teachers: 23
10
GreatSchools Rating

Galena High School

  • Education Level: High
  • # of students: 1,345
  • # of teachers:
8
GreatSchools Rating
 

$557,910$681,890$619,900

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,287
Property Tax -$825
Property Insurance -$84
HOA -$130
Property Management Fees -$119
CASH FLOW
-$726

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.

$619,900

PROJECTED PRICE

$2,720

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 8.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,287

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$819

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
  • $2,734

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5954$2,800
$2,800
RENT COMPS ANALYSIS
  • 16200 Tanea Reno, NV 1
    • 5 beds 3 baths ∙ 2,698 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,698 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11590 Rivolli Drive Reno, NV 2
    • 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
    •  
  • 365 Terracina Way Reno, NV 3
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2010
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.02
    •  
  • 1762 Kodiak Circle Reno, NV 4
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2005
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Joseph Wieczorek
Dickson Realty - Damonte Ranch
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016107
Last Updated: 11/21/2020
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