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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $280.94
- 5 Days on Market
- MLS # : 210000894
- Updated Date : 01/24/2021 at 04:15
CONSTRUCTION
- Beds : 2
- Floor Size : 1,317 sqft
- Baths : 2 full
Listing Agent
Exp Realty, Llc
Listing Agent's Description
Beautifully remodeled condo in the Fallen Leaf complex. Updated bathrooms, flooring, light fixtures, fireplace and more. Master bath is just one of the highlights of this property! Peak views of Mt Rose from both patios and many windows to allow lots of natural light. Newer washer and dryer stays and new water heater installed in September 2020. Concrete in the entrance way was treated and front screen door allows you to let the fresh air in while keeping any bugs out.
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PRICE & RENT TRENDS
Neighborhood: Fallen Leaf at Galena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fallen Leaf at Galena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$11 | |
| Property Insurance | -$55 | |
| HOA | -$225 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$26
|
||
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.
$370,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 12.5% |
| 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
$103,800
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
5.25
YEARS SAVED
$20,620
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
-
$1,686
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
17000 Wedge Pkwy #1011 Reno, NV 1
- 2 beds 2 baths ∙ 1,317 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,317 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
17000 Wedge Pkwy #2725 Reno, NV 2
- 2 beds 2 baths ∙ 1,477 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,477 Sqft ∙ Built 2005
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,895
- $1.28
PROPERTY LISTING DETAILS
Exp Realty, Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000894
Last Updated: 01/24/2021
