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21130 Mount Lewis Reno, NV 89508

3 Beds 2 Baths 1,702 sqft Built 2001

$385,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $226.20
  • 8 Days on Market
  • MLS # : 210001563
  • Updated Date : 02/10/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,702 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Sierra Nevada

Listing Agent's Description

Great 3 bedroom, 2 bath, 1702 square foot located on a corner lot complete with RV access, updated kitchen with breakfast bar, tons of cabinets, large master suite with garden tub, stall shower, dual sinks, back patio with mountain views, storage shed

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Peavine View Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $128k347k

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

Neighborhood: Peavine View Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081912

* 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
Gomes Elementary School Primary Regular 496 24 7
North Valleys High School High Regular 2,061 96 3
Nancy Gomes Elementary School Primary Unknown NA

Gomes Elementary School

  • Education Level: Primary
  • # of students: 496
  • # of teachers: 24
7
GreatSchools Rating

North Valleys High School

  • Education Level: High
  • # of students: 2,061
  • # of teachers: 96
3
GreatSchools Rating

Nancy Gomes Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,337
Property Tax -$557
Property Insurance -$63
HOA -$25
Property Management Fees -$119
CASH FLOW
-$302

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.

$385,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,775

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
  • $1,949

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$2,000
$2,000
RENT COMPS ANALYSIS
  • 21130 Mount Lewis Reno, NV 1
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2001
    property image
    • 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
    property image
    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
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.13
    •  
PROPERTY LISTING DETAILS
Penny Tenpenny
Keller Williams Sierra Nevada
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001563
Last Updated: 02/10/2021
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