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180 Mule Deer Dr Reno, NV 89523

4 Beds 3 Baths 2,692 sqft Built 2002

INVESTimate

$849,000

List Price

$2,730

$2,480 - $2,980

Rent Est.

$933,985  ( +10.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $315.38
  • 7 Days on Market
  • MLS # : 200011458
  • Updated Date : 08/21/2020 at 04:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,692 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Estate Depot

Listing Agent's Description

Unique property located in Mogul. Sitting on approx. 1.4 acre lot adjacent to 42 acres of National Forest.Single story custom built home with approximately 2,700 sq. feet has 4 bedrooms and 2.5 bathrooms, recently renewed with open floor plan and is nestled at the end of a private road. Front yard includes a large courtyard and mature landscaping. Enjoy lounging in the backyard on one of two Trex® decks, one off the great room and the other off the master bedroom, (see Extended remarks)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mogul

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420k440k460kPrice in $153k461k

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

Neighborhood: Mogul

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21200140016001800200022002400260028003000Rent in $11803028

* 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
Verdi Elementary School Primary Regular 215 11 8
Verdi Elementary School Middle Regular 215 11 8
Mcqueen High School High Regular 1,828 83 10

Verdi Elementary School

  • Education Level: Primary
  • # of students: 215
  • # of teachers: 11
8
GreatSchools Rating

Verdi Elementary School

  • Education Level: Middle
  • # of students: 215
  • # of teachers: 11
8
GreatSchools Rating

Mcqueen High School

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

$764,100$933,900$849,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$3,132
Property Tax -$435
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$1,040

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.

$849,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.01%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,132

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,302

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
  • $2,701

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,8504$2,995
$2,995
RENT COMPS ANALYSIS
  • 180 Mule Deer Dr Reno, 1
    • 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,692 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1579 Elk Run Trail Reno, 2
    • 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 2017
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.97
    •  
  • 1870 Scott Valley Reno, 3
    • 3 beds 3 baths ∙ 2,809 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,809 Sqft ∙ Built 2007
    property image
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.01
    •  
  • 1655 Crescent Point Ct. Reno, 4
    • 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,908 Sqft ∙ Built 2015
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jeffrey Lawrence
Real Estate Depot
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011458
Last Updated: 08/21/2020
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