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2441 Serena Reno, NV 89503

3 Beds 2 Baths 1,304 sqft Built 1994

$379,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $291.33
  • 2 Days on Market
  • MLS # : 210000037
  • Updated Date : 01/03/2021 at 01:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,304 sqft
  • Baths : 2 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Super cute NW Reno home has all the pride of ownership that you’ve been looking for and it’s move in ready! The open floor plan flows nicely, with plenty of windows and natural light. Tastefully updated, this home feels like new. The large landscaped backyard has a sizable concrete patio for outdoor enjoyment and entertaining. New roof and HVAC, landscaped front yard, blinds, exterior and interior paint, and laminate flooring. Close to everything!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sagecrest Estates

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Sagecrest Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11672208

* 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
Towles Elementary School Primary Regular 353 21 7
Towles Elementary School Middle Regular 353 21 7
Mcqueen High School High Regular 1,828 83 10

Towles Elementary School

  • Education Level: Primary
  • # of students: 353
  • # of teachers: 21
7
GreatSchools Rating

Towles Elementary School

  • Education Level: Middle
  • # of students: 353
  • # of teachers: 21
7
GreatSchools Rating

Mcqueen High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 83
10
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,402
Property Tax -$511
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$437

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.

$379,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 13.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,077

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
  • $1,666

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,9504$1,9995$2,200
$2,200
RENT COMPS ANALYSIS
  • 2441 Serena Reno, NV 1
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3949 Kings Row Reno, NV 2
    • 3 beds 3 baths ∙ 1,471 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,471 Sqft ∙ Built 1984
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.15
    •  
  • 3282 Pleasant Hills Drive Reno, NV 3
    • 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1998
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.21
    •  
  • 5821 September Cr. Reno, NV 4
    • 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2004
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.32
    •  
  • 1639 Commonwealth Circle Reno, NV 5
    • 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2002
    LEASED 08/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.43
    •  
PROPERTY LISTING DETAILS
Don Dees
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000037
Last Updated: 01/03/2021
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