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345 Sondrio Way Reno, NV 89521

3 Beds 2 Baths 1,837 sqft Built 2009

INVESTimate

$488,000

List Price

$1,970

$1,773 - $2,167

Rent Est.

$527,967  ( +8.19%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2009
  • Price/Sqft : $265.65
  • 11 Days on Market
  • MLS # : 200011362
  • Updated Date : 08/25/2020 at 23:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,837 sqft
  • Baths : 2 full
Listing Agent

Chase International-damonte

Listing Agent's Description

This beautiful newer home is located in the Curti Ranch neighborhood, featuring mature trees that provide privacy for entertaining and must see upgrades. This impeccable home has 1,837 sq ft., 3 bed, 2 full bath and a bonus den for an office or an additional living space. This home has granite countertops, kitchen pantry, recessed lighting, wood and tile floors with professional landscaping front/back featuring two entertaining sections completed with pavers and a firepit for those summer nights.

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PRICE & RENT TRENDS

Neighborhood: Curti Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Curti Ranch

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
Brown Elementary School Primary Regular 886 43 8
Depoali Middle School Middle Unknown 1,135 53 NA
Damonte Ranch High School High Regular 1,617 70 8

Brown Elementary School

  • Education Level: Primary
  • # of students: 886
  • # of teachers: 43
8
GreatSchools Rating

Depoali Middle School

  • Education Level: Middle
  • # of students: 1,135
  • # of teachers: 53
NA
GreatSchools Rating

Damonte Ranch High School

  • Education Level: High
  • # of students: 1,617
  • # of teachers: 70
8
GreatSchools Rating
 

$439,200$536,800$488,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,801
Property Tax -$332
Property Insurance -$66
HOA -$113
Property Management Fees -$119
CASH FLOW
-$461

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.

$488,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.19%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,070

INVESTMENT

$135,070

Down Payment
$122,000
Rehab Estimate
$5,750
Closing Costs
$7,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,801

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,000
Loan Amount $366,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,433

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
  • $2,021

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$1,9954$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 345 Sondrio Way Reno, 1
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11680 Cervino Reno, 2
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2013
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.07
    •  
  • 550 Pesaro Reno, 3
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2013
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.07
    •  
  • 465 Cortono Reno, 4
    • 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,837 Sqft ∙ Built 2008
    property image
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
  • 11710 Cervino Drive Reno, 5
    • 4 beds 3 baths ∙ 1,972 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,972 Sqft ∙ Built 2013
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
PROPERTY LISTING DETAILS
Theresa Nelson
Chase International-damonte
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011362
Last Updated: 08/25/2020
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