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17361 Desert Lake Dr Reno, NV 89508

5 Beds 3 Baths 2,273 sqft Built 2004

INVESTimate

$409,900

List Price

$2,040

$1,836 - $2,244

Rent Est.

$459,170  ( +12.02%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $180.33
  • 6 Days on Market
  • MLS # : 200011573
  • Updated Date : 08/26/2020 at 06:13
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,273 sqft
  • Baths : 3 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Upgrades, Upgrades, Upgrades. This Charming Woodland Village Smart home is absolutely stunning.Located on a beautifully landscaped, private corner lot.Enjoy the gorgeous park with water features right down the road, including the YMCA family center.

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PRICE & RENT TRENDS

Neighborhood: Woodland Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $118k347k

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

Neighborhood: Woodland Village

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081912

* 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
Cold Springs Middle Schools Middle Regular 717 28 NA
North Valleys High School High Regular 2,061 96 3

Gomes Elementary School

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

Cold Springs Middle Schools

  • Education Level: Middle
  • # of students: 717
  • # of teachers: 28
NA
GreatSchools Rating

North Valleys High School

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

$368,910$450,890$409,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,512
Property Tax -$622
Property Insurance -$75
HOA -$114
Property Management Fees -$119
CASH FLOW
-$403

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.

$409,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.02%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,547

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$2,200
$2,200
RENT COMPS ANALYSIS
  • 17361 Desert Lake Dr Reno, 1
    • 5 beds 3 baths ∙ 2,273 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,273 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18113 Cherryleaf Court Reno, 2
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2002
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lindsay Clarke
Re/max Professionals
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011573
Last Updated: 08/26/2020
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