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4400 Alder Reno, NV 89502

4 Beds 2 Baths 1,700 sqft Built 1962

$352,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $207.06
  • 5 Days on Market
  • MLS # : 210000113
  • Updated Date : 01/07/2021 at 17:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Dickson Realty - Damonte Ranch

Listing Agent's Description

Charming home overflowing with character located in an established Reno neighborhood could very well be what you have been looking for. Functional floor plan features two bedrooms and one bathroom downstairs and two and one upstairs. The living room is highlighted by a cozy and efficient gas log fireplace. This oversized corner lot on a 1/5th of an acre features a Trex style deck and an abundance of mature fruit trees. Convenient location is close to everything - freeways, shopping, schools and more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Smithridge Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $99k347k

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

Neighborhood: Smithridge 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
Smithridge Stem Academy Primary Regular 731 42 3
Pine Middle School Middle Magnet 1,022 43 NA
Damonte Ranch High School High Regular 1,617 70 8

Smithridge Stem Academy

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 42
3
GreatSchools Rating

Pine Middle School

  • Education Level: Middle
  • # of students: 1,022
  • # of teachers: 43
NA
GreatSchools Rating

Damonte Ranch High School

  • Education Level: High
  • # of students: 1,617
  • # of teachers: 70
8
GreatSchools Rating
 

$316,800$387,200$352,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,223
Property Tax -$295
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$210

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.

$352,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.73%
Appreciation Year (1-5) 13.5%
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$0.0$5.0k$10k$15k$20k

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$99,030

INVESTMENT

$99,030

Down Payment
$88,000
Rehab Estimate
$5,750
Closing Costs
$5,280

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,000
Loan Amount $264,000
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$41,033

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
  • $1,927

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,8954$2,200
$2,200
RENT COMPS ANALYSIS
  • 4400 Alder Reno, NV 1
    • 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,700 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1090 E Huffaker Ln #b Reno, NV 2
    • 3 beds 3 baths ∙ 1,395 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,395 Sqft ∙ Built 1974
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
  • 3930 Amador Way Reno, NV 3
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1975
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.13
    •  
  • 860 Meadow Springs Reno, NV 4
    • 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
Justin Hertz
Dickson Realty - Damonte Ranch
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000113
Last Updated: 01/07/2021
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