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17305 Aquamarine Dr Reno, NV 89508

5 Beds 3 Baths 2,273 sqft Built 2000

$450,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $197.98
  • 4 Days on Market
  • MLS # : 210001653
  • Updated Date : 02/12/2021 at 00:45
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,273 sqft
  • Baths : 3 full
Listing Agent

Krch Realty

Listing Agent's Description

This immaculately maintained home in Cold Springs is on a large lot with NO HOA. There are 5 spacious bedrooms, 2 of which are masters. 3 full bathrooms and a 2 car garage. All windows and sliding glass doors were replaced in 2017. New ceiling fans and outdoor lighting. Exterior was painted 2 years ago. Fully landscaped xeriscape with gazebo in the back for great entertaining. Home is available to show 2/25/2021.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cold Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Cold Springs

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9911912

* 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
Gomes Elementary School Primary Regular 496 24 7
North Valleys High School High Regular 2,061 96 3
Nancy Gomes Elementary School Primary Unknown NA

Gomes Elementary School

  • Education Level: Primary
  • # of students: 496
  • # of teachers: 24
7
GreatSchools Rating

North Valleys High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 96
3
GreatSchools Rating

Nancy Gomes Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,563
Property Tax -$585
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
-$442

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.

$450,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,390

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
  • $2,159

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,200
$2,200
RENT COMPS ANALYSIS
  • 17305 Aquamarine Dr Reno, NV 1
    • 5 beds 3 baths ∙ 2,273 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,273 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18113 Cherryleaf Court Reno, NV 2
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2002
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 17720 Davenport Lane Reno, NV 3
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
PROPERTY LISTING DETAILS
Stacy Brooks
Krch Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001653
Last Updated: 02/12/2021
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