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

4020 Camino Lindo Reno, NV 89502

4 Beds 3 Baths 2,216 sqft Built 1980

$405,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $182.76
  • 7 Days on Market
  • MLS # : 200016000
  • Updated Date : 11/19/2020 at 00:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,216 sqft
  • Baths : 2 full , 1 half
Listing Agent

Corcoran Global Living

Listing Agent's Description

Coming Soon! Photos to be taken week of Thanksgiving. Kitchen appliances recently upgraded, newer roof, fresh paint inside, large paver patio in back.

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
Dodson Elementary School Primary Regular 430 22 3
Dodson Elementary School Middle Regular 430 22 3
Wooster High School High Magnet 1,734 84 6

Dodson Elementary School

  • Education Level: Primary
  • # of students: 430
  • # of teachers: 22
3
GreatSchools Rating

Dodson Elementary School

  • Education Level: Middle
  • # of students: 430
  • # of teachers: 22
3
GreatSchools Rating

Wooster High School

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

$364,500$445,500$405,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,494
Property Tax -$482
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$209

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.

$405,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.48%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$10,604

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
  • $2,083

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,995
$1,995
RENT COMPS ANALYSIS
  • 4020 Camino Lindo Reno, NV 1
    • 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3775 Vantage Way Reno, NV 2
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1975
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
PROPERTY LISTING DETAILS
Laura Ferencik
Corcoran Global Living
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016000
Last Updated: 11/19/2020
BESbswy