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2480 Sagittarius Drive Reno, NV 89509

4 Beds 3 Baths 2,400 sqft Built 1977

INVESTimate

$649,900

List Price

$2,180

$1,962 - $2,398

Rent Est.

$718,789  ( +10.60%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1977
  • Price/Sqft : $270.79
  • 8 Days on Market
  • MLS # : 200011422
  • Updated Date : 08/24/2020 at 06:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 3 full
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

Location, location, location! Situated in one of Southwest Reno's most sought after neighborhoods, only 3 miles to popular midtown, approximately 4 miles to both UNR and the airport and minutes from major shopping. The home sits high above the street (no drainage issues) on over half an acre with no direct back neighbors. Gorgeous, unobstructed mountain and valley views. Long over sized driveway (23' x 47') ideal for 5th wheel, RV etc.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelot Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500kPrice in $153k505k

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

Neighborhood: Camelot Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21200130014001500160017001800190020002100220023002400Rent in $11802451

* 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
Caughlin Ranch Elementary School Primary Magnet 557 25 10
Caughlin Ranch Elementary School Middle Magnet 557 25 10
Reno High School High Regular 1,668 71 10

Caughlin Ranch Elementary School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 25
10
GreatSchools Rating

Caughlin Ranch Elementary School

  • Education Level: Middle
  • # of students: 557
  • # of teachers: 25
10
GreatSchools Rating

Reno High School

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

$584,910$714,890$649,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

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$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$2,398
Property Tax -$206
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
-$621

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.

$649,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.60%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,265

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
  • $2,624

    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
  • 2480 Sagittarius Drive Reno, 1
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2240 Saddle Ridge Ct. Reno, 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, 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, 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
Gerald Morrissey
Allison James Estates & Homes
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011422
Last Updated: 08/24/2020
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