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4255 Primavera Ave Reno, NV 89502

4 Beds 2 Baths 1,530 sqft Built 1978

INVESTimate

$363,000

List Price

$1,490

$1,341 - $1,639

Rent Est.

$413,820  ( +14.00%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $237.25
  • 8 Days on Market
  • MLS # : 200011528
  • Updated Date : 08/26/2020 at 06:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,530 sqft
  • Baths : 2 full
Listing Agent

New Dimensions, Inc.

Listing Agent's Description

Turn Key beauty,fresh,clean and newly remodeled. The contemporary paint palette is color coordinated with the new carpet and luxury hard surface flooring.The open 4BR floorplan is great for entertaining or raising your young family. There is a cozy fireplace and central A/c. You can take the gang outside to enjoy the covered deck. Xeriscaped front features mature trees.New exterior paint and Brand new roof has just been installed. This home will not disappoint and is easy to show your buyers.

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
 

$326,700$399,300$363,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,339
Property Tax -$390
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$418

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.

$363,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 14.00%
Maintenance Year (1-5) 8.00%
Vacancy 4.08%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,945

INVESTMENT

$101,945

Down Payment
$90,750
Rehab Estimate
$5,750
Closing Costs
$5,445

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,339

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,750
Loan Amount $272,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,016

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
  • $1,178

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$13$1,6004$1,695
$1,695
RENT COMPS ANALYSIS
  • 4255 Primavera Ave Reno, 1
    • 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4939 Bay Ridge Ln. Reno, 2
    • 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1993
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1
    • $0.00
    •  
  • 2796 Randolph Reno, 3
    • 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, 4
    • 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
Philip Kenny
New Dimensions, Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011528
Last Updated: 08/26/2020
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