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1760 Sandpoint Circle Reno, NV 89509

3 Beds 3 Baths 3,152 sqft Built 1972

$950,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $301.40
  • 45 Days on Market
  • MLS # : 210002834
  • Updated Date : 03/07/2021 at 03:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,152 sqft
  • Baths : 3 full
Listing Agent

Sierra Sotheby's Intl. Realty

Listing Agent's Description

Situated on the 9th Fairway of Lakeridge Golf Course in a quiet cul-de-sac, you will find 1760 Sandpoint Circle. Enter through large double doors that welcome you into the living room is positioned between a wall of lighted glass display shelving and a stone fireplace with indoor planters. From the entry, you can see through the living room, dining room, a bonus area, to the uncovered patio, yard, to the golf course. Turn right from the entrance and you will find the home office with custom built- in

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Skyline Boulevard

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500kPrice in $153k534k

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

Neighborhood: Skyline Boulevard

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2120014001600180020002200240026002800Rent in $11802847

* 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
Swope Middle School Middle Magnet 704 24 NA
Reno High School High Regular 1,668 71 10
Swope Middle School Middle Unknown NA

Swope Middle School

  • Education Level: Middle
  • # of students: 704
  • # of teachers: 24
NA
GreatSchools Rating

Reno High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 71
10
GreatSchools Rating

Swope Middle School

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

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,300
Property Tax -$1,149
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$1,312

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.

$950,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,300

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$112

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
  • $3,908

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,700
$3,700
RENT COMPS ANALYSIS
  • 1760 Sandpoint Circle Reno, NV 1
    • 3 beds 3 baths ∙ 3,152 Sqft ∙ Built 1972 3 beds 3 baths ∙ 3,152 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7490 Lakeside Dr Reno, NV 2
    • 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 1965 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 1965
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.24
    •  
PROPERTY LISTING DETAILS
Tamara Fegert
Sierra Sotheby's Intl. Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002834
Last Updated: 03/07/2021
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