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3485 Cashill Reno, NV 89509

4 Beds 3 Baths 4,080 sqft Built 1971

INVESTimate

$599,000

List Price

$3,190

$2,940 - $3,440

Rent Est.

$662,494  ( +10.60%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $146.81
  • 6 Days on Market
  • MLS # : 200011546
  • Updated Date : 08/23/2020 at 23:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,080 sqft
  • Baths : 3 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Slumpstone Cashill home on .23 acre has a 4 bd 3 ba, oversized 2 car garage 4080 sq. ft. 2055 sq. ft on the main level 2025 on the lower level with a one bedroom and full bath, laundry room, two separate areas with a large game room/rec room and bar area as well. Peaceful Courtyard entry and a zeroscaped front yard with many dwarf fruit and nut trees. Backyard has fire pit, lawn area, lots of fruit trees and a large wonderful garden. RV parking as well. Priced to sell for $629,000 = $154. sq ft.

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PRICE & RENT TRENDS

Neighborhood: Southwest Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450kPrice in $153k477k

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

Neighborhood: Southwest Terrace

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2120013001400150016001700180019002000210022002300Rent in $11802334

* 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
Caughlin Ranch Elementary School Primary Magnet 557 25 10
Caughlin Ranch Elementary School Middle Magnet 557 25 10
Reno High School High Regular 1,668 71 10

Caughlin Ranch Elementary School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 25
10
GreatSchools Rating

Caughlin Ranch Elementary School

  • Education Level: Middle
  • # of students: 557
  • # of teachers: 25
10
GreatSchools Rating

Reno High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 71
10
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$2,210
Property Tax -$656
Property Insurance -$114
Property Management Fees -$119
CASH FLOW
$91

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.

$599,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 10.60%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$52,258

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
  • $3,733

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$4,000
$4,000
RENT COMPS ANALYSIS
  • 3485 Cashill Reno, 1
    • 4 beds 3 baths ∙ 4,080 Sqft ∙ Built 1971 4 beds 3 baths ∙ 4,080 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2278 Pioneer Dr. Reno, 2
    • 4 beds 4 baths ∙ 4,022 Sqft ∙ Built 1983 4 beds 4 baths ∙ 4,022 Sqft ∙ Built 1983
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.90
    •  
  • 3965 Skyline Blvd Reno, 3
    • 4 beds 4 baths ∙ 4,300 Sqft ∙ Built 1978 4 beds 4 baths ∙ 4,300 Sqft ∙ Built 1978
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.93
    •  
PROPERTY LISTING DETAILS
Debra Bily-nevin
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011546
Last Updated: 08/23/2020
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