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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $235.74
- 3 Days on Market
- MLS # : 200016690
- Updated Date : 12/11/2020 at 22:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,227 sqft
- Baths : 2 full , 1 half
Listing Agent
Pmi Reno
Listing Agent's Description
Formal model home with builder's upgrades. This 4-bedroom, 2.5 Bath home has a great layout w/ a den and half bath downstairs. The paint, and flooring are less than a year old. Great kitchen for entertain and not missing anything. Includes refrigerator, microwave, and dishwash. The formal living is open with a short wall separating the family room. Large, separate formal dining room off the kitchen.
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PRICE & RENT TRENDS
Neighborhood: Silverado Ranch Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverado Ranch Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,360 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$771 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$541
|
||
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.
$525,000
PROJECTED PRICE
$2,360
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.04% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.52% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
0.92
YEARS SAVED
$2,408
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,316
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
5320 Twin Creeks Dr Reno, NV 1
- 4 beds 3 baths ∙ 2,227 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,227 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2781 Harding Reno, NV 2
- 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2004
![property image]()
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,825
- $0.96
-
2260 Emerald View Court Reno, NV 3
- 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 2002
![property image]()
LEASED 06/18/19- Rent
- Rent Per SQFT
- $2,095
- $1.02
-
5230 Mountcrest Lane Reno, NV 4
- 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 1988
![property image]()
LEASED 11/16/20- Rent
- Rent Per SQFT
- $2,600
- $1.14
PROPERTY LISTING DETAILS
Pmi Reno
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200016690
Last Updated: 12/11/2020
