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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $286.20
- 5 Days on Market
- MLS # : 200016856
- Updated Date : 12/17/2020 at 22:56
CONSTRUCTION
- Beds : 3
- Floor Size : 2,044 sqft
- Baths : 2 full
Listing Agent
Re/max Gold
Listing Agent's Description
Enjoy mountain views from this beautifully updated waterfront home in Hidden Valley. Renovated in 2018, this home is bright and welcoming with new flooring throughout. The spacious kitchen has quartz countertops, custom backsplash and stainless steel appliances. The bathrooms have granite countertops, undermount sinks and custom tile shower surrounds. Separate formal dining, living and family rooms. Spend time taking in the views of Boynton Slough and Mt. Rose from the large back deck.
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PRICE & RENT TRENDS
Neighborhood: Hidden Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hidden Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$2,158 |
| Property Tax | -$599 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$477
|
||
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.
$585,000
PROJECTED PRICE
$2,470
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.04% |
| Appreciation Year (1-5) | 9.1% |
| 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
$160,775
LOAN DETAILS
$2,158
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $146,250 |
| Loan Amount | $438,750 |
1.67
YEARS SAVED
$7,759
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$2,943
COMP ESTIMATED VALUE -
$1.44
COMP AVG. RENT PER SQFT
Comps Range
-
5445 Pelham Drive Reno, NV 1
- 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,044 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $2,470
- $1.21
-
3150 Eaglewood Reno, NV 2
- 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
Re/max Gold
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200016856
Last Updated: 12/17/2020
