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2075 Red Willow Dr Reno, NV 89521

5 Beds 3 Baths 2,710 sqft Built 2010

$525,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $193.73
  • 3 Days on Market
  • MLS # : 200015793
  • Updated Date : 11/14/2020 at 01:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,710 sqft
  • Baths : 3 full
Listing Agent

Re/max Gold

Listing Agent's Description

Immaculate 5 bedroom home with a loft home in Cyan, South Meadows. Nicely appointed with granite counter tops, all new carpet and laminate throughout. High ceilings and neutral tone. Gas Fireplace and a Tandem 3 car garage. Interior has just been completely repainted, walls, baseboard, & doors. Garage has a split air system. Garage floor has been epoxied. Super family house with a great yard for the kids.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Virginia Footills

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $153k447k

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

Neighborhood: Virginia Footills

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802212

* 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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,937
Property Tax -$1,039
Property Insurance -$85
HOA -$85
Property Management Fees -$119
CASH FLOW
-$594

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.

$525,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$614

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,670

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,936

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,670
1$2,6702$2,7003$2,9504$3,700
$3,700
RENT COMPS ANALYSIS
  • 2075 Red Willow Dr Reno, NV 1
    • 5 beds 3 baths ∙ 2,710 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,710 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.99
    •  
  • 9720 Rolling Rocks Reno, NV 2
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1998
    property image
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 1985 Angel Ridge Drive Reno, NV 3
    • 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,938 Sqft ∙ Built 2014
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.00
    •  
  • 9885 Kerrydale Ct. Reno, NV 4
    • 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2014
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.29
    •  
PROPERTY LISTING DETAILS
Karen Cornell
Re/max Gold
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015793
Last Updated: 11/14/2020
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