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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $312.50
- 5 Days on Market
- MLS # : 200016622
- Updated Date : 12/12/2020 at 13:37
CONSTRUCTION
- Beds : 2
- Floor Size : 1,008 sqft
- Baths : 2 full
Listing Agent
Re/max Complete Realty
Listing Agent's Description
Choice Roseview area near Southeast Connector. Desirable floorplan with entry and bathroom tile floors. Sunshine flows into functional kitchen w/gas range, double sinks, built-in microwave & pantry. Living/dining area boasts alcove for entertainment items, cathedral ceilings and lovely view of patio. En suite bathroom has double sinks,large walk-in shower,2nd bath w/tub. Washer/dryer area/hallway. Location is walking distance to shopping, park & is gateway to Lake Tahoe & many areas of summer/winter sports.
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PRICE & RENT TRENDS
Neighborhood: Roseview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Roseview
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$426 | |
| Property Insurance | -$49 | |
| HOA | -$10 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$376
|
||
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.
$315,000
PROJECTED PRICE
$1,390
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 13.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
0.58
YEARS SAVED
$588
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
-
$1,401
COMP ESTIMATED VALUE -
$1.39
COMP AVG. RENT PER SQFT
Comps Range
-
3109 May Rose Circle Reno, NV 1
- 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4575 China Rose Circle Reno, NV 2
- 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,008 Sqft ∙ Built 1994
![property image]()
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,400
- $1.39
PROPERTY LISTING DETAILS
Re/max Complete Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200016622
Last Updated: 12/12/2020
