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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $265.76
- 2 Days on Market
- MLS # : 210002063
- Updated Date : 02/21/2021 at 03:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,881 sqft
- Baths : 2 full
Listing Agent
Harcourts Nv1 Realty
Listing Agent's Description
Have you ever dreamed of owning a beautiful home in Northwest Reno with a custom deck, built in barbeque, and gorgeous terraced yard? This beautiful one story home has a neutral colors scheme and is ready for your personal touch. Currently 3 bedrooms (originally 4), but the wall could easily be put back up at Buyer's expense to make 4 bedrooms again. This home is conveniently located just one block away from Westergard Elementary School, and 2 blocks from restaurants, and shopping!
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PRICE & RENT TRENDS
Neighborhood: Northgate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northgate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,736 |
| Property Tax | -$601 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$463
|
||
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.
$499,900
PROJECTED PRICE
$2,060
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.04% |
| Appreciation Year (1-5) | 9.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.52% |
| 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
$138,224
LOAN DETAILS
$1,736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
1.25
YEARS SAVED
$2,624
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
-
$2,243
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
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1667 Havencrest Reno, NV 1
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- $0
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1790 Terrace Heights Lane Reno, NV 2
- 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988
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LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,020
- $1.21
-
6541 Breckenridge Reno, NV 3
- 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994
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LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,100
- $1.14
-
7883 Morgan Pointe Circle Reno, NV 4
- 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 2002
![property image]()
LEASED 01/08/21- Rent
- Rent Per SQFT
- $2,195
- $1.17
-
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
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,200
- $1.25
PROPERTY LISTING DETAILS
Harcourts Nv1 Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210002063
Last Updated: 02/21/2021
