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PROPERTY INFO
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.
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PRICE & RENT TRENDS
Neighborhood: Sierra Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sierra Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$147,525
LOAN DETAILS
$1,858
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $133,750 |
| Loan Amount | $401,250 |
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
-
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
Dickson Realty - Caughlin
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210003192
Last Updated: 03/13/2021
