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3030 Roxbury Drive Reno, NV 89521

4 Beds 3 Baths 2,505 sqft Built 1999

$600,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $239.52
  • 2 Days on Market
  • MLS # : 210003583
  • Updated Date : 03/21/2021 at 00:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,505 sqft
  • Baths : 3 full
Listing Agent

Krch Realty

Listing Agent's Description

Don't miss this VIEW!! Four bedrooms, or three bedrooms plus main floor office with built-ins, plus loft. Three full baths and three car garage. Spacious master suite with sitting area. Large kitchen with nook and french doors to backyard with pond and waterfall. Stucco with tile roof and gas fireplace. Professional photos coming soon. Please call listing agent with any questions. Showings to start April 7 or sooner.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silverado Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Silverado Ranch Estates

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
Melton Elementary School Primary Regular 582 30 9
Billinghurst Middle School Middle Regular 931 44 NA
Mcqueen High School High Regular 1,828 83 10

Melton Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 30
9
GreatSchools Rating

Billinghurst Middle School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 44
NA
GreatSchools Rating

Mcqueen High School

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

$540,000$660,000$600,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,084
Property Tax -$975
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$779

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.

$600,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 9.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $150,000
Loan Amount $450,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$111

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
  • $2,639

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,6004$2,800
$2,800
RENT COMPS ANALYSIS
  • 3030 Roxbury Drive Reno, NV 1
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1545 Grandpoint Way Reno, NV 2
    • 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 1989
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
  • 5230 Mountcrest Lane Reno, NV 3
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.14
    •  
  • 7021 Heatherwood Drive Reno, NV 4
    • 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,652 Sqft ∙ Built 2001
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Louisa Higley
Krch Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003583
Last Updated: 03/21/2021
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