Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3592 Herons Circle Reno, NV 89502

3 Beds 3 Baths 1,464 sqft Built 1999

$395,500

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $270.15
  • 6 Days on Market
  • MLS # : 210002149
  • Updated Date : 02/28/2021 at 06:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,464 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Great 2 story home tucked away in the well-established gated community, close to Veterans parkway for easy commute to USA parkway and Reno/Sparks facilities, walkable distance to Mira Loma Park. The home boasts new paint, vaulted ceilings and low-maintenance yard so you could enjoy many outdoor opportunities Reno/Tahoe has to offer. The bedrooms are located on the second floor along with the laundry.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Heron's Landing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $130k347k

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

Neighborhood: Heron's Landing

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
Vaughn Middle School Middle Regular 650 37 NA
Wooster High School High Magnet 1,734 84 6
Pine Middle School Middle Unknown NA

Vaughn Middle School

  • Education Level: Middle
  • # of students: 650
  • # of teachers: 37
NA
GreatSchools Rating

Wooster High School

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

Pine Middle School

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

$355,950$435,050$395,500

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,374
Property Tax -$550
Property Insurance -$58
HOA -$105
Property Management Fees -$119
CASH FLOW
-$496

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.

$395,500

PROJECTED PRICE

$1,710

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,558

INVESTMENT

$110,558

Down Payment
$98,875
Rehab Estimate
$5,750
Closing Costs
$5,933

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,374

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,875
Loan Amount $296,625
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$109

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
  • $1,691

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,695
$1,695
RENT COMPS ANALYSIS
  • 3592 Herons Circle Reno, NV 1
    • 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2796 Randolph Reno, NV 2
    • 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1985
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.13
    •  
  • 3505 Heron's Circle Reno, NV 3
    • 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,435 Sqft ∙ Built 1998
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.18
    •  
PROPERTY LISTING DETAILS
Sreeneetha Gorla
Exp Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002149
Last Updated: 02/28/2021
BESbswy