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PROPERTY INFO
FACTS
- Single Family
- Built In 1958
- Price/Sqft : $238.10
- 2 Days on Market
- MLS # : 210001450
- Updated Date : 02/07/2021 at 02:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,008 sqft
- Baths : 1 full
Listing Agent
Solid Source Realty
Listing Agent's Description
THE GOOD: Newer Roof, heating unit and swamp cooler. All approx. 3 yrs old. Hardwood floors, large back yard, convenient location. Close to airport, freeway and Costco. THE BAD: Needs paint, inside and out. Has fuse electrical panel, needs several general repairs of the honey-do variety. THE UGLY: Kitchen and bathroom have to be remodeled. contact agent for photos.
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PRICE & RENT TRENDS
Neighborhood: Academy Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Academy Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$247 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$92
|
||
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.
$240,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.73% |
| Appreciation Year (1-5) | 13.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.08% |
| 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
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
7.33
YEARS SAVED
$21,954
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
-
$1,446
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
1635 Lehigh Reno, NV 1
- 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1958
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
450 Claremont Reno, NV 2
- 3 beds 1 baths ∙ 1,068 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,068 Sqft ∙ Built 1953
![property image]()
LEASED 10/04/19- Rent
- Rent Per SQFT
- $1,650
- $1.54
-
865 Cordone Reno, NV 3
- 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1964
![property image]()
LEASED 01/13/21- Rent
- Rent Per SQFT
- $1,750
- $1.33
PROPERTY LISTING DETAILS
Solid Source Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210001450
Last Updated: 02/07/2021
