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18652 Crystal Peak Reno, NV 89508

4 Beds 3 Baths 2,291 sqft Built 2018

$415,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $181.14
  • 4 Days on Market
  • MLS # : 210000173
  • Updated Date : 01/08/2021 at 00:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,291 sqft
  • Baths : 2 full , 1 half
Listing Agent

Chase International-damonte

Listing Agent's Description

Are you ready? This beautiful barely lived in home is Chase Ready! All the guesswork has been taken out of the equation. Seller has completed home inspection, preliminary title report and is providing a home warranty to the buyer! Built in 2018 this single level home has beautiful upgrades with a kitchen that is an entertainers dream! Top of the line Zline stove/oven plus another Electrolux built in oven, Electrolux chefs refrigerator and freezer built in. Large island, white cabinetry and pantry.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89508

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $127k347k

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

Zip Code: 89508

ZipNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081912

* 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
Gomes Elementary School Primary Regular 496 24 7
Cold Springs Middle Schools Middle Regular 717 28 NA
North Valleys High School High Regular 2,061 96 3

Gomes Elementary School

  • Education Level: Primary
  • # of students: 496
  • # of teachers: 24
7
GreatSchools Rating

Cold Springs Middle Schools

  • Education Level: Middle
  • # of students: 717
  • # of teachers: 28
NA
GreatSchools Rating

North Valleys High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 96
3
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,441
Property Tax -$775
Property Insurance -$76
HOA -$114
Property Management Fees -$119
CASH FLOW
-$265

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.

$415,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,490

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
  • $2,497

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,850
$2,850
RENT COMPS ANALYSIS
  • 18652 Crystal Peak Reno, NV 1
    • 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2018
    property image
    • 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
    property image
    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
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.23
    •  
PROPERTY LISTING DETAILS
Robert Coons
Chase International-damonte
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000173
Last Updated: 01/08/2021
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