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4060 Laurel Park Way Reno, NV 89502

3 Beds 3 Baths 1,412 sqft Built 1998

$355,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $251.42
  • 5 Days on Market
  • MLS # : 200015365
  • Updated Date : 11/04/2020 at 22:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,412 sqft
  • Baths : 2 full , 1 half
Listing Agent

Chase International-damonte

Listing Agent's Description

Can you say move in ready? This comfortable and clean three bed, two plus one-half bath home has like new flooring, an updated kitchen with granite countertops and freshly painted kitchen cabinets. Walk through the front door to bright natural light streaming through the many windows, high ceilings in the entry foyer, and the half bath downstairs. The three bedrooms are upstairs and the master bedroom includes a walk in closet and oversized tub/shower in the bathroom.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laurel Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $102k347k

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

Neighborhood: Laurel Park

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,310
Property Tax -$505
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$381

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.

$355,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.0%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,171

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
  • $1,631

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,695
$1,695
RENT COMPS ANALYSIS
  • 4060 Laurel Park Way Reno, NV 1
    • 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 1998
    property image
    • 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
    property image
    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
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.18
    •  
PROPERTY LISTING DETAILS
Michelle Sturge
Chase International-damonte
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015365
Last Updated: 11/04/2020
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