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3900 Lakeside Reno, NV 89509

3 Beds 2 Baths 1,775 sqft Built 1965

INVESTimate

$541,000

List Price

$1,860

$1,674 - $2,046

Rent Est.

$598,346  ( +10.60%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $304.79
  • 9 Days on Market
  • MLS # : 200011389
  • Updated Date : 08/24/2020 at 06:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,775 sqft
  • Baths : 2 full
Listing Agent

Krch Realty

Listing Agent's Description

Beautifully remodeled home, great central location, new vinyl windows, new carpet, new concrete driveway and walkways, fresh interior and exterior paint, tile roof, room to put in RV parking, extensive remodeling in the kitchen and baths with granite countertops and tile floors, pantry, and all new appliances. New garage door,new sewer line,large family room addition overlooking gorgeous backyard with mature trees and privacy.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coronet East

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $142k409k

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

Neighborhood: Coronet East

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
Huffaker Elementary School Primary Regular 481 25 7
Huffaker Elementary School Middle Regular 481 25 7
Galena High School High Regular 1,345 8

Huffaker Elementary School

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 25
7
GreatSchools Rating

Huffaker Elementary School

  • Education Level: Middle
  • # of students: 481
  • # of teachers: 25
7
GreatSchools Rating

Galena High School

  • Education Level: High
  • # of students: 1,345
  • # of teachers:
8
GreatSchools Rating
 

$486,900$595,100$541,000

PURCHASE PRICE

$1,674$2,046$1,860

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-$5.0k$0.0$5.0k$10k$15k

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 $1,860
EXPENSES Loan Payment -$1,996
Property Tax -$127
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$444

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.

$541,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 10.60%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$149,115

INVESTMENT

$149,115

Down Payment
$135,250
Rehab Estimate
$5,750
Closing Costs
$8,115

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,250
Loan Amount $405,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$9,205

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
  • $1,960

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,200
$2,200
RENT COMPS ANALYSIS
  • 3900 Lakeside Reno, 1
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1785 Shangri-la Reno, 2
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1959
    LEASED 05/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.18
    •  
  • 860 Meadow Springs Reno, 3
    • 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1975
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
PROPERTY LISTING DETAILS
Patty Steelman
Krch Realty
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011389
Last Updated: 08/24/2020
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