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4719 Parkvista Ct Reno, NV 89502

3 Beds 3 Baths 1,828 sqft Built 1992

$475,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $259.85
  • 2 Days on Market
  • MLS # : 200016110
  • Updated Date : 11/21/2020 at 19:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,828 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

Welcome home to Rosewood Lakes! This home has been tastefully updated and well taken care of. The kitchen boasts walnut cabinets, slab granite countertops, tile backsplash, stainless steel appliances and pendant drop lights. There's plenty of cabinet space and a wine/beverage cooler. Hardwood flooring throughout the downstairs, high ceilings in the entry and large family room. Upgraded master bathroom has a marble counter on the vanity, tile shower, bath enclosures & flooring.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rosewood Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360kPrice in $142k380k

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

Neighborhood: Rosewood Lakes

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2120013001400150016001700180019002000Rent in $11082063

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,753
Property Tax -$626
Property Insurance -$66
HOA -$45
Property Management Fees -$119
CASH FLOW
-$568

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.

$475,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 13.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$665

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
  • $2,175

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,495
$2,495
RENT COMPS ANALYSIS
  • 4719 Parkvista Ct Reno, NV 1
    • 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3775 Vantage Way Reno, NV 2
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1975
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 3150 Eaglewood Reno, NV 3
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1991
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.44
    •  
PROPERTY LISTING DETAILS
Sarah Hughes
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016110
Last Updated: 11/21/2020
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