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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $202.38
- 2 Days on Market
- MLS # : 210000034
- Updated Date : 01/03/2021 at 00:45
CONSTRUCTION
- Beds : 3
- Floor Size : 2,100 sqft
- Baths : 3 full
Listing Agent
Ferrari-lund Real Estate Reno
Listing Agent's Description
Move-in ready home in the desirable Northwest Reno community. Step inside this meticulously maintained two-story home and feel immediately at ease. The main floor family room has a beautiful tile floor and large brick wall that houses the first of two fireplaces. Beyond that is a finished space that could easily be modified into a 4th bedroom or home office with en-suite remodeled bath. Upstairs, you will find gorgeous hardwood floors that flow throughout the living room, dining room, and bedrooms.
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PRICE & RENT TRENDS
Neighborhood: Northridge Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northridge Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$341 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$130
|
||
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.
$425,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 13.0% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.17
YEARS SAVED
$19,137
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
-
$2,016
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1755 Carlin Street Reno, NV 1
- 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1963 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1213 Gordon Reno, NV 2
- 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 1950
LEASED 07/20/19- Rent
- Rent Per SQFT
- $1,700
- $0.96
PROPERTY LISTING DETAILS
Ferrari-lund Real Estate Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210000034
Last Updated: 01/03/2021
