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3109 May Rose Circle Reno, NV 89502

2 Beds 2 Baths 1,008 sqft Built 1994

$315,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roseview

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k347k

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

Neighborhood: Roseview

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081912

* 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
Hidden Valley Elementary School Primary Regular 511 28 2
Hidden Valley Elementary School Middle Regular 511 28 2
Wooster High School High Magnet 1,734 84 6

Hidden Valley Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 28
2
GreatSchools Rating

Hidden Valley Elementary School

  • Education Level: Middle
  • # of students: 511
  • # of teachers: 28
2
GreatSchools Rating

Wooster High School

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

$283,500$346,500$315,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

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
$0
1$02$1,400
$1,400
RENT COMPS ANALYSIS
  • 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
Marylen Staaleson
Re/max Complete Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016622
Last Updated: 12/12/2020
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