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1777 Fox Run Rd. Reno, NV 89523

4 Beds 3 Baths 2,323 sqft Built 1989

$535,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $230.31
  • 3 Days on Market
  • MLS # : 210003192
  • Updated Date : 03/13/2021 at 17:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,323 sqft
  • Baths : 3 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Don't miss out on this beautiful NW home! Incredibly maintained this property features 4 bedrooms, 3 bath, 2323sq/ft, 3 car garage, granite countertops, stainless steel appliance, luxury vinyl plank, plantation shutters, warm southwest colors, cedar paneled accent wall w/flat screen TV, NO HOA, newer driveway, private lot with large covered patio, mountain top views and lovely elm trees! Fantastic location minutes to UNR, downtown Reno and I-80.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k359k

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

Neighborhood: Sierra Highlands

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11031912

* 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
Billinghurst Middle School Middle Regular 931 44 NA
Mcqueen High School High Regular 1,828 83 10
Billinghurst Middle School Middle Unknown NA

Billinghurst Middle School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 44
NA
GreatSchools Rating

Mcqueen High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 83
10
GreatSchools Rating

Billinghurst Middle School

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

$481,500$588,500$535,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,858
Property Tax -$678
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$382

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.

$535,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 11.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,350

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
  • $2,555

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,6004$2,800
$2,800
RENT COMPS ANALYSIS
  • 1777 Fox Run Rd. Reno, NV 1
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3283 Spring Creek Circle Reno, NV 2
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1993
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 5230 Mountcrest Lane Reno, NV 3
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.14
    •  
  • 7021 Heatherwood Drive Reno, NV 4
    • 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 2001
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Tess Best
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003192
Last Updated: 03/13/2021
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