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2046 Scharr Circle Reno, NV 89509

3 Beds 4 Baths 2,361 sqft Built 1975

$615,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $260.48
  • 3 Days on Market
  • MLS # : 200016698
  • Updated Date : 12/11/2020 at 23:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,361 sqft
  • Baths : 4 full
Listing Agent

Dickson Realty - Downtown

Listing Agent's Description

Perched at the end of a coveted and quiet cul-de-sac in Carmel of Reno, this unique property offers unparalleled views and privacy. This home has been updated throughout, and is set up for modern life with three separate, private, and spacious flexible living areas. Each can function as living space, an office, media/game room, academic space, or zoom room. These owners love spending time out on the large deck taking in the sunsets. Come check it out! Agents, please see extended and private remarks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Driscoll Hills

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500kPrice in $153k528k

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

Neighborhood: Driscoll Hills

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001400160018002000220024002600Rent in $11802740

* 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
Gomm Elementary School Primary Magnet 436 19 10
Gomm Elementary School Middle Magnet 436 19 10
Reno High School High Regular 1,668 71 10

Gomm Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 19
10
GreatSchools Rating

Gomm Elementary School

  • Education Level: Middle
  • # of students: 436
  • # of teachers: 19
10
GreatSchools Rating

Reno High School

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

$553,500$676,500$615,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,269
Property Tax -$782
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$678

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.

$615,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.6%
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-$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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,006

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
  • $2,581

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,4954$2,750
$2,750
RENT COMPS ANALYSIS
  • 2046 Scharr Circle Reno, NV 1
    • 3 beds 4 baths ∙ 2,361 Sqft ∙ Built 1975 3 beds 4 baths ∙ 2,361 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2240 Saddle Ridge Ct. Reno, NV 2
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 1984
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.11
    •  
  • 3879 Cashill Blvd Reno, NV 3
    • 3 beds 3 baths ∙ 2,407 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,407 Sqft ∙ Built 1989
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.04
    •  
  • 4661 Ellicott Ct Reno, NV 4
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1992
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.13
    •  
PROPERTY LISTING DETAILS
Christopher Galli
Dickson Realty - Downtown
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016698
Last Updated: 12/11/2020
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