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3330 Sandra Drive #none #none Reno, NV 89503

3 Beds 2 Baths 1,176 sqft Built 1963

$335,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $285.63
  • 2 Days on Market
  • MLS # : 210001749
  • Updated Date : 02/13/2021 at 22:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

Haute Properties Nv

Listing Agent's Description

Great starter or investment home Northwest Reno. Bring your buyers; this one won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $117k347k

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

Neighborhood: Sierra Heights

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2110012001300140015001600170018001900Rent in $10251912

* 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
Archie Clayton Pre-ap Academy Middle Magnet 727 33 NA
Mcqueen High School High Regular 1,828 83 10
Archie Clayton Pre-ap Academy Middle Unknown NA

Archie Clayton Pre-ap Academy

  • Education Level: Middle
  • # of students: 727
  • # of teachers: 33
NA
GreatSchools Rating

Mcqueen High School

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

Archie Clayton Pre-ap Academy

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

$302,310$369,490$335,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,167
Property Tax -$279
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
-$107

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.

$335,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 14.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,764

INVESTMENT

$94,764

Down Payment
$83,975
Rehab Estimate
$5,750
Closing Costs
$5,039

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,167

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,975
Loan Amount $251,925
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$11,751

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
  • $1,505

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,700
$1,700
RENT COMPS ANALYSIS
  • 3330 Sandra Drive #none Reno, NV 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1442 Surf Way Reno, NV 2
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1965
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.36
    •  
  • 1785 W 6th St Reno, NV 3
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1960
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.20
    •  
PROPERTY LISTING DETAILS
Kenneth Angst
Haute Properties Nv
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001749
Last Updated: 02/13/2021
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