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3861 Amador Way Reno, NV 89502

4 Beds 2 Baths 1,537 sqft Built 1976

$379,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $247.17
  • 4 Days on Market
  • MLS # : 210003519
  • Updated Date : 03/19/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,537 sqft
  • Baths : 2 full
Listing Agent

Sierra Nevada Properties-reno

Listing Agent's Description

Move in ready. Ideal for first time homebuyer. Close to mall and soon to be open Northern Nevada Medical Center. Newly installed built-in microwave. Newly installed garage door. Nicely enclosed patio at the back. Fully landscape front and back areas.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Donner Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Donner Springs

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21000110012001300140015001600170018001900Rent in $9911912

* 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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,320
Property Tax -$395
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$163

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.

$379,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 14.0%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
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-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,844

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
  • $1,737

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,895
$1,895
RENT COMPS ANALYSIS
  • 3861 Amador Way Reno, NV 1
    • 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,537 Sqft ∙ Built 1976
    • 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
    •  
  • 3930 Amador Way Reno, NV 3
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1975
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.13
    •  
PROPERTY LISTING DETAILS
Raul Belleza
Sierra Nevada Properties-reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003519
Last Updated: 03/19/2021
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