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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $224.72
- 4 Days on Market
- MLS # : 210001680
- Updated Date : 02/12/2021 at 17:55
CONSTRUCTION
- Beds : 4
- Floor Size : 1,780 sqft
- Baths : 2 full
Listing Agent
Keller Williams Group One Inc.
Listing Agent's Description
OPEN HOUSE SATURDAY 2/20/2021 FROM 11 AM TO 1 PM!! Come and view this amazing property with RV access that was recently renovated!! This beautiful home in the White Lake Ranch homes features 4 bedrooms, 2 full bathrooms, a 3 car garage, and plenty of living space spread throughout the entire home for you to enjoy. As you walk through the front door you are immediately greeted by an open great room for the dining and living room area where you and your guests can congregate and enjoy each other's company.
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PRICE & RENT TRENDS
Neighborhood: Peavine View Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peavine View Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$607 | |
| Property Insurance | -$65 | |
| HOA | -$25 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$325
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$400,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 10.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
1.33
YEARS SAVED
$2,441
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
-
$2,038
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
20959 White Rock Dr Reno, NV 1
- 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,780 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $0
- $0.00
-
17881 Mama Bear Court Reno, NV 2
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 2004
LEASED 09/16/19- Rent
- Rent Per SQFT
- $1,695
- $1.16
-
18346 Vineyard Reno, NV 3
- 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 2006
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.13
PROPERTY LISTING DETAILS
Keller Williams Group One Inc.
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210001680
Last Updated: 02/12/2021
