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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $193.40
- 4 Days on Market
- MLS # : 210002019
- Updated Date : 02/19/2021 at 22:04
CONSTRUCTION
- Beds : 5
- Floor Size : 2,016 sqft
- Baths : 2 full , 1 half
Listing Agent
Chase International-damonte
Listing Agent's Description
Great 5 bedroom 2.5 bath Lifestyle home with large paved RV Parking for all your toys! Premium corner lot at the end of a quiet cul-de sac in the Woodland Village master planned community. New grey interior paint with updated light fixtures. Spacious kitchen with solid surface countertops, breakfast bar, oak cabinets complete with door hardware. Formal dining is right off the kitchen and has access to the backyard.
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PRICE & RENT TRENDS
Neighborhood: Woodland Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodland Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,354 |
| Property Tax | -$576 | |
| Property Insurance | -$70 | |
| HOA | -$114 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$403
|
||
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.
$389,900
PROJECTED PRICE
$1,830
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 12.0% |
| 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
$109,074
LOAN DETAILS
$1,354
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,475 |
| Loan Amount | $292,425 |
0.58
YEARS SAVED
$640
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
-
$1,915
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
18169 Alexandria Dr. Reno, NV 1
- 5 beds 3 baths ∙ 2,016 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,016 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $0
- $0.00
-
18113 Cherryleaf Court Reno, NV 2
- 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2002
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,200
- $0.95
-
17720 Davenport Lane Reno, NV 3
- 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003
LEASED 01/13/21- Rent
- Rent Per SQFT
- $2,200
- $0.95
PROPERTY LISTING DETAILS
Chase International-damonte
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210002019
Last Updated: 02/19/2021
