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1960 Campfire Place Reno, NV 89511

5 Beds 3 Baths 2,715 sqft Built 1994

$624,900

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $230.17
  • 2 Days on Market
  • MLS # : 200015547
  • Updated Date : 11/08/2020 at 00:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,715 sqft
  • Baths : 3 full
Listing Agent

Engel & Voelkers Lake Tahoe

Listing Agent's Description

Beautiful 5 Bedroom 3 Bath home located on a quiet culdesac in the highly desirable South Reno, Sterling Ranch Neighborhood near Galena High School, and only 30 minutes from beautiful Lake Tahoe. Recently painted with a large 3 car garage that is equipped with a rear garage door which increases access to garage storage. Whether you need access to lawn care equipment, tools, or bicycles, this rear door allows you to do so without the hassle of moving your vehicles around.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sterling Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500kPrice in $153k518k

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

Neighborhood: Sterling Ranch

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2120013001400150016001700180019002000210022002300Rent in $11802371

* 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
Lenz Elementary School Primary Regular 502 23 10
Lenz Elementary School Middle Regular 502 23 10
Galena High School High Regular 1,345 8

Lenz Elementary School

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 23
10
GreatSchools Rating

Lenz Elementary School

  • Education Level: Middle
  • # of students: 502
  • # of teachers: 23
10
GreatSchools Rating

Galena High School

  • Education Level: High
  • # of students: 1,345
  • # of teachers:
8
GreatSchools Rating
 

$562,410$687,390$624,900

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,306
Property Tax -$832
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
-$711

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.

$624,900

PROJECTED PRICE

$2,630

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.9%
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

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$171,349

INVESTMENT

$171,349

Down Payment
$156,225
Rehab Estimate
$5,750
Closing Costs
$9,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,225
Loan Amount $468,675
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,559

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
  • $2,751

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5954$2,800
$2,800
RENT COMPS ANALYSIS
  • 1960 Campfire Place Reno, NV 1
    • 5 beds 3 baths ∙ 2,715 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,715 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11590 Rivolli Drive Reno, NV 2
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2013
    property image
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.98
    •  
  • 365 Terracina Way Reno, NV 3
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2010
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.02
    •  
  • 1762 Kodiak Circle Reno, NV 4
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2005
    property image
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Cory Coombes
Engel & Voelkers Lake Tahoe
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015547
Last Updated: 11/08/2020
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