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2630 Trentham Way Reno, NV 89509

5 Beds 3 Baths 3,077 sqft Built 1972

$699,900

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $227.46
  • 5 Days on Market
  • MLS # : 200017140
  • Updated Date : 12/26/2020 at 23:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,077 sqft
  • Baths : 3 full
Listing Agent

Dickson Realty - Damonte Ranch

Listing Agent's Description

New top to bottom! Located in the highly sought after area of Old Southwest Reno! This home has been remodeled and reimagined down to the studs and has not been lived in since. See our 3D Tour! New Items include: Roof, vinyl double pane windows, RHEEM furnace and air conditioner, Rinnai Flash Hot Water Heater, all light fixtures and electrical inside and out. Large gourmet kitchen, slab granite countertops, porcelain backsplash, brand new ovens, stove top, refrigerator, and over/under cabinet lighting.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Idlewild Park

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Idlewild Park

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802208

* 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
Gomm Elementary School Primary Magnet 436 19 10
Gomm Elementary School Middle Magnet 436 19 10
Reno High School High Regular 1,668 71 10

Gomm Elementary School

  • Education Level: Primary
  • # of students: 436
  • # of teachers: 19
10
GreatSchools Rating

Gomm Elementary School

  • Education Level: Middle
  • # of students: 436
  • # of teachers: 19
10
GreatSchools Rating

Reno High School

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

$629,910$769,890$699,900

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,582
Property Tax -$549
Property Insurance -$92
Property Management Fees -$119
CASH FLOW
-$412

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.

$699,900

PROJECTED PRICE

$2,930

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 11.8%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$18,680

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
  • $3,385

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,300
$3,300
RENT COMPS ANALYSIS
  • 2630 Trentham Way Reno, NV 1
    • 5 beds 3 baths ∙ 3,077 Sqft ∙ Built 1972 5 beds 3 baths ∙ 3,077 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3795 Brighton Way Reno, NV 2
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1990
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.10
    •  
PROPERTY LISTING DETAILS
Chris Whitney
Dickson Realty - Damonte Ranch
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200017140
Last Updated: 12/26/2020
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