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1885 Fledge Creek Drive Reno, NV 89521

4 Beds 4 Baths 3,388 sqft Built 2015

$650,000

List Price

$3,420

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $191.85
  • 4 Days on Market
  • MLS # : 200015453
  • Updated Date : 11/06/2020 at 03:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,388 sqft
  • Baths : 3 full , 1 half
Listing Agent

Reno/tahoe Realty Group, Llc

Listing Agent's Description

Wonderfully Maintained Home! 4 Bedrooms, 3.5 Bathrooms, Office/Den (not included in the bedroom count. The downstairs Great Room living area is perfect has tall ceilings and a great design flow. Kitchen has lots of counter space an cabinetry; perfect for any level of cook. Master Bedroom is on the main level; it has his and her closets, double sinks, a garden tub, and access to the patio. Upstairs has an open loft area perfect for a media room or playroom. Hurry and take a look at this awesome home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villages at Damonte Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $153k444k

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

Neighborhood: Villages at Damonte Ranch

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802208

* 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
Double Diamond Elementary School Primary Regular 849 40 7
Depoali Middle School Middle Unknown 1,135 53 NA
Damonte Ranch High School High Regular 1,617 70 8

Double Diamond Elementary School

  • Education Level: Primary
  • # of students: 849
  • # of teachers: 40
7
GreatSchools Rating

Depoali Middle School

  • Education Level: Middle
  • # of students: 1,135
  • # of teachers: 53
NA
GreatSchools Rating

Damonte Ranch High School

  • Education Level: High
  • # of students: 1,617
  • # of teachers: 70
8
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$3,078$3,762$3,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,420
EXPENSES Loan Payment -$2,398
Property Tax -$1,283
Property Insurance -$99
HOA -$100
Property Management Fees -$119
CASH FLOW
-$579

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.

$650,000

PROJECTED PRICE

$3,420

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 11.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$3,591

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
  • $4,133

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,800
$3,800
RENT COMPS ANALYSIS
  • 1885 Fledge Creek Drive Reno, NV 1
    • 4 beds 4 baths ∙ 3,388 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,388 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9460 Baldacci Reno, NV 2
    • 4 beds 4 baths ∙ 3,115 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,115 Sqft ∙ Built 2018
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.22
    •  
PROPERTY LISTING DETAILS
Sarah Carmona Zink
Reno/tahoe Realty Group, Llc
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015453
Last Updated: 11/06/2020
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