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5445 Pelham Drive Reno, NV 89502

3 Beds 2 Baths 2,044 sqft Built 1984

$585,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
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.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hidden Valley

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450kPrice in $153k497k

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

Neighborhood: Hidden Valley

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2120013001400150016001700180019002000210022002300Rent in $11802319

* 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
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

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
$2,470
1$2,4702$2,495
$2,495
RENT COMPS ANALYSIS
  • 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
Shannon Paton
Re/max Gold
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200016856
Last Updated: 12/17/2020
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