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4867 Elkcreek Reno, NV 89519

4 Beds 3 Baths 3,275 sqft Built 1998

$750,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $229.01
  • 8 Days on Market
  • MLS # : 210003599
  • Updated Date : 03/27/2021 at 00:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,275 sqft
  • Baths : 3 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

This is where you want to live. Incredible views of the Sierras and Peavine, close to dining, schools, parks; this 4/3/3 home offers everything a family desires. The updated gourmet kitchen has seafoam granite countertops and a fantastic island with 5 burner gas range. The floorplan invites entertaining, and the family room has a comfortable fireplace to enjoy. Bedroom/office & full bath also on main level. The spacious and light lower level has a bonus room, bedrooms & baths. Master bath & closet are huge.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Traditions at Caughlin Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500k550k600k650k700kPrice in $153k707k

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

Neighborhood: Traditions at Caughlin Ranch

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q21200140016001800200022002400260028003000Rent in $11803047

* 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
Swope Middle School Middle Magnet 704 24 NA
Reno High School High Regular 1,668 71 10
Swope Middle School Middle Unknown NA

Swope Middle School

  • Education Level: Middle
  • # of students: 704
  • # of teachers: 24
NA
GreatSchools Rating

Reno High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 71
10
GreatSchools Rating

Swope Middle School

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

$675,000$825,000$750,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$2,605
Property Tax -$1,268
Property Insurance -$97
HOA -$65
Property Management Fees -$119
CASH FLOW
-$724

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.

$750,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.9%
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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,868

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
  • $3,821

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$4,2004$5,000
$5,000
RENT COMPS ANALYSIS
  • 4867 Elkcreek Reno, NV 1
    • 4 beds 3 baths ∙ 3,275 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,275 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4801 Turning Leaf Reno, NV 2
    • 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 2001
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.79
    •  
  • 3433 Eagle Ridge Reno, NV 3
    • 5 beds 4 baths ∙ 3,250 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,250 Sqft ∙ Built 2004
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.29
    •  
  • 4001 Whispering Pine Loop Reno, NV 4
    • 3 beds 4 baths ∙ 3,533 Sqft ∙ Built 2017 3 beds 4 baths ∙ 3,533 Sqft ∙ Built 2017
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.42
    •  
PROPERTY LISTING DETAILS
Trudy Brussard
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210003599
Last Updated: 03/27/2021
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