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5570 Twin Creeks Drive Reno, NV 89523

4 Beds 3 Baths 2,546 sqft Built 1996

INVESTimate

$545,000

List Price

$2,420

$2,178 - $2,662

Rent Est.

$594,050  ( +9.00%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $214.06
  • 9 Days on Market
  • MLS # : 200011330
  • Updated Date : 08/23/2020 at 06:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,546 sqft
  • Baths : 3 full
Listing Agent

Dickson Realty - Caughlin

Listing Agent's Description

You will feel welcome as soon as you enter this bright, open home with vaulted ceilings that is filled with natural light. This move in ready home boasts spectacular views of downtown as well as the Sierra Nevada mountains. The fenced backyard is very private with spacious patio, pergola, and storage shed - all backing to open space with a walking trail. Downstairs you'll find formal and informal dining and living spaces plus a bonus room great for entertaining! Upstairs deck with hot tub off the master!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silverado Ranch Estates

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $153k439k

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

Neighborhood: Silverado Ranch Estates

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802208

* 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
Melton Elementary School Primary Regular 582 30 9
Billinghurst Middle School Middle Regular 931 44 NA
Mcqueen High School High Regular 1,828 83 10

Melton Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 30
9
GreatSchools Rating

Billinghurst Middle School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 44
NA
GreatSchools Rating

Mcqueen High School

  • Education Level: High
  • # of students: 1,828
  • # of teachers: 83
10
GreatSchools Rating
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,011
Property Tax -$307
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$98

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.

$545,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 9.00%
Maintenance Year (1-5) 8.00%
Vacancy 4.52%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$33,939

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
  • $2,444

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,200
$2,200
RENT COMPS ANALYSIS
  • 5570 Twin Creeks Drive Reno, 1
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1545 Grandpoint Way Reno, 2
    • 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 1989
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
Diana Renfroe
Dickson Realty - Caughlin
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011330
Last Updated: 08/23/2020
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