Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1870 Rolling Brook Lane Reno, NV 89519

3 Beds 3 Baths 2,434 sqft Built 1999

$700,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $287.59
  • 3 Days on Market
  • MLS # : 210000493
  • Updated Date : 01/15/2021 at 17:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,434 sqft
  • Baths : 2 full , 1 half
Listing Agent

Charles Kitchen Realty

Listing Agent's Description

Pride of ownership is the hallmark of this upscale home located in the foothills of southwest Reno. Situated on a spacious lot the house has three bedrooms and a three car garage. The attractive interior has high ceilings and wood floors in the living area and carpeted bedrooms. The living/ dining room has built-in shelves as does the separate office. The gourmet kitchen has Corian type counter tops, gas cook top, double ovens, microwave, French door refrigerator, pantry, and dinette area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Evans Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650kPrice in $153k652k

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

Neighborhood: Evans Creek Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2120014001600180020002200240026002800Rent in $11802866

* 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
Huffaker Elementary School Primary Regular 481 25 7
Huffaker Elementary School Middle Regular 481 25 7
Reno High School High Regular 1,668 71 10

Huffaker Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 25
7
GreatSchools Rating

Huffaker Elementary School

  • Education Level: Middle
  • # of students: 481
  • # of teachers: 25
7
GreatSchools Rating

Reno High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 71
10
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,431
Property Tax -$1,100
Property Insurance -$79
HOA -$85
Property Management Fees -$119
CASH FLOW
-$884

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.

$700,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$139

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
  • $3,481

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,200
$3,200
RENT COMPS ANALYSIS
  • 1870 Rolling Brook Lane Reno, NV 1
    • 3 beds 3 baths ∙ 2,434 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,434 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7972 Rusty Rd Reno, NV 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 1992
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.43
    •  
PROPERTY LISTING DETAILS
Charles Kitchen
Charles Kitchen Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000493
Last Updated: 01/15/2021
BESbswy