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4095 Warren Way 
Reno, NV
89509
4 Beds 2 Baths 1,858 sqft
Built 1965
INVESTimate
$525,000
List Price
$144,875
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PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $282.56
- 3 Days on Market
- MLS # : 200011697
- Updated Date : 08/25/2020 at 02:25
CONSTRUCTION
- Beds : 4
- Floor Size : 1,858 sqft
- Baths : 2 full
Listing Agent
Ferrari-lund Real Estate Reno
Listing Agent's Description
Great southwest Reno location in a well established neighborhood with lots of mature trees and great curb appeal. Convenient to all shopping, freeway access, airport, schools and walking distance to Manzanita Park. New roof this year, water heater 1 year old, AC 4 years old. Large yard with covered patio and very private plus long driveway for extra parking. FP in living room, kitchen has a large breakfast island. Will be available for showings by September 14th.
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PRICE & RENT TRENDS
Neighborhood: Coronet East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coronet East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$407 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$530
|
||
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.
$525,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
1.25
YEARS SAVED
$3,386
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
-
$2,137
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
4095 Warren Way Reno, 1
- 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1965
![property image]()
- 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
![property image]()
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
![property image]()
LEASED 09/20/19- Rent
- Rent Per SQFT
- $2,200
- $1.16
-
2240 Saddle Ridge Ct. Reno, 4
- 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 1984
![property image]()
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,450
- $1.11
PROPERTY LISTING DETAILS
Ferrari-lund Real Estate Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200011697
Last Updated: 08/25/2020
