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

4516 China Rose Circle Reno, NV 89502

3 Beds 2 Baths 1,149 sqft Built 1994

INVESTimate

$350,000

List Price

$1,200

$1,080 - $1,320

Rent Est.

$395,465  ( +12.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $304.61
  • 8 Days on Market
  • MLS # : 200011383
  • Updated Date : 08/25/2020 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,149 sqft
  • Baths : 2 full
Listing Agent

Alder Properties

Listing Agent's Description

This pristinely landscaped three-bedroom, two-bathroom, two-car-garage home boasts tile counters, luxury vinyl plank flooring and a great room concept. Other features include walk-in shower, a nice shower/tub combo and a low maintenance backyard complete with covered patio that gives you a very private atmosphere. You'll love the convenience of being close to the Reno Convention Center, parks and Rattle Snake Skate Park, Meadowood Mall and so much more. This home is priced to sell and ready for viewings!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roseview

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $111k347k

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

Neighborhood: Roseview

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081912

* 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
Hidden Valley Elementary School Primary Regular 511 28 2
Hidden Valley Elementary School Middle Regular 511 28 2
Wooster High School High Magnet 1,734 84 6

Hidden Valley Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 28
2
GreatSchools Rating

Hidden Valley Elementary School

  • Education Level: Middle
  • # of students: 511
  • # of teachers: 28
2
GreatSchools Rating

Wooster High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,080$1,320$1,200

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 $1,200
EXPENSES Loan Payment -$1,291
Property Tax -$161
Property Insurance -$52
HOA -$10
Property Management Fees -$119
CASH FLOW
-$433

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.

$350,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 12.99%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,012

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
  • $885

    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
  • 4516 China Rose Circle Reno, 1
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1994
    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
Linda Church
Alder Properties
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011383
Last Updated: 08/25/2020
BESbswy