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

4931 Meadow Springs Dr Reno, NV 89509

5 Beds 4 Baths 3,178 sqft Built 1978

$650,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $204.53
  • 4 Days on Market
  • MLS # : 210001612
  • Updated Date : 02/12/2021 at 01:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,178 sqft
  • Baths : 4 full
Listing Agent

Ferrari-lund Real Estate Reno

Listing Agent's Description

A beautiful southwest Reno home in desirable neighborhood and NO HOA. Close to shopping, restaurants, park, golf, tennis, downtown, freeway access. This spacious had a 3-car garage, a formal living room and dining room, updated kitchen counter tops and flooring, family room and fireplace. One bedroom and a full bathroom downstairs. Large master suite with a balcony, two closets, and large bathroom. A lot overlooking the living room makes a perfect home office.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Robert's

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $142k442k

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

Neighborhood: Robert's

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900Rent in $11081994

* 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
Pine 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

Pine Middle School

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

$585,000$715,000$650,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,258
Property Tax -$695
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
$124

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.

$650,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 8.2%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$46,977

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
  • $3,941

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,700
$3,700
RENT COMPS ANALYSIS
  • 4931 Meadow Springs Dr Reno, NV 1
    • 5 beds 4 baths ∙ 3,178 Sqft ∙ Built 1978 5 beds 4 baths ∙ 3,178 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7490 Lakeside Dr Reno, NV 2
    • 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 1965 4 beds 4 baths ∙ 2,994 Sqft ∙ Built 1965
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.24
    •  
PROPERTY LISTING DETAILS
Viktor Ganchev
Ferrari-lund Real Estate Reno
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210001612
Last Updated: 02/12/2021
BESbswy