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3060 Creekwood Drive Reno, NV 89502

4 Beds 3 Baths 2,630 sqft Built 1995

$688,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $261.60
  • 5 Days on Market
  • MLS # : 210002636
  • Updated Date : 03/04/2021 at 01:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,630 sqft
  • Baths : 3 full
Listing Agent

Corcoran Global Living

Listing Agent's Description

Be the first to live in this highly upgraded & newly remodeled home. The inviting & open atmosphere was crafted by P&T Design. Over $150,000 was spent to enhance & update every space inside & out. Enjoy a great location & expansive views from your first cup of coffee on the peaceful back deck, to basking in the sun on the window seat in the spacious kitchen, to relaxing in the large tub in the deluxe en suite. Every detail in this one of a kind home was carefully considered & will exceed your expectations!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rosewood Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360kPrice in $142k380k

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

Neighborhood: Rosewood Lakes

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2120013001400150016001700180019002000Rent in $11082063

* 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
Vaughn Middle School Middle Regular 650 37 NA
Wooster High School High Magnet 1,734 84 6
Pine Middle School Middle Unknown NA

Vaughn Middle School

  • Education Level: Middle
  • # of students: 650
  • # of teachers: 37
NA
GreatSchools Rating

Wooster High School

  • Education Level: High
  • # of students: 1,734
  • # of teachers: 84
6
GreatSchools Rating

Pine Middle School

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

$619,200$756,800$688,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,390
Property Tax -$781
Property Insurance -$83
HOA -$45
Property Management Fees -$119
CASH FLOW
-$508

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.

$688,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 13.4%
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$500k$1.0M$1.5M$2.0M$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,070

INVESTMENT

$188,070

Down Payment
$172,000
Rehab Estimate
$5,750
Closing Costs
$10,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,390

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,000
Loan Amount $516,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,304

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
  • $3,603

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,600
$3,600
RENT COMPS ANALYSIS
  • 3060 Creekwood Drive Reno, NV 1
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3089 Creekwood Drive Reno, NV 2
    • 5 beds 3 baths ∙ 2,630 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,630 Sqft ∙ Built 1995
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.37
    •  
PROPERTY LISTING DETAILS
Petra Wayland
Corcoran Global Living
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002636
Last Updated: 03/04/2021
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