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4660 Edmonton Drive Reno, NV 89511

4 Beds 3 Baths 2,807 sqft Built 1999

$685,000

List Price

$2,790

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $244.03
  • 3 Days on Market
  • MLS # : 210001376
  • Updated Date : 02/05/2021 at 21:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,807 sqft
  • Baths : 3 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Showings hourly - call 775-3241 for appts.. Offers will be reviewed late Saturday, Feb. 6. Located in the wonderful neighborhood of “Rolling Hills” just off the Mount Rose Highway, this 4 bedroom, 3 bath, 3 car garage, 2808 sq. ft. home won’t last long. In addition to the 4 bedrooms, there is an extra room upstairs for an office, den or made into another bedroom. One of the 4 bedrooms and one of the bathrooms is on the main level. The front of the home faces South which is nice for snow melt : )

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Galena Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550kPrice in $153k558k

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

Neighborhood: Galena Terrace

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001400160018002000220024002600Rent in $11802657

* 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
Pine Middle School Middle Magnet 1,022 43 NA
Galena High School High Regular 1,345 8
Herz Middle School Middle Unknown NA

Pine Middle School

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

Galena High School

  • Education Level: High
  • # of students: 1,345
  • # of teachers:
8
GreatSchools Rating

Herz Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,511$3,069$2,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,790
EXPENSES Loan Payment -$2,379
Property Tax -$898
Property Insurance -$87
HOA -$16
Property Management Fees -$119
CASH FLOW
-$709

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$685,000

PROJECTED PRICE

$2,790

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 11.8%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,642

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
  • $2,919

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,800
$2,800
RENT COMPS ANALYSIS
  • 4660 Edmonton Drive Reno, NV 1
    • 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1762 Kodiak Circle Reno, NV 2
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2005
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kathy Leggett
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001376
Last Updated: 02/05/2021
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