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

5809 Lindsay Reno, NV 89523

3 Beds 2 Baths 1,361 sqft Built 1991

INVESTimate

$384,900

List Price

$1,590

$1,431 - $1,749

Rent Est.

$423,428  ( +10.01%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $282.81
  • 51 Days on Market
  • MLS # : 200011405
  • Updated Date : 08/22/2020 at 17:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,361 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sparks

Listing Agent's Description

Beautiful single story home in desirable NW Reno! This popular open floor plan features vaulted ceilings , cozy fireplace pre-plumbed for gas insert (included!), plus large windows, skylights & solar tubes create a bright ambiance. This home has a beautiful low maintenance yard backed up to a hill with astro turf, raised garden beds, & hot-tub hookups installed ready for your private enjoyment. This home is located a short walk to Rainbow Ridge park and boasts miles of walking trails nearby. See it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Backer-Starcrest

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $140k347k

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

Neighborhood: Backer-Starcrest

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2110012001300140015001600170018001900Rent in $10391912

* 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
Winnemucca Elementary School Primary Regular 630 33 7
Winnemucca Elementary School Middle Regular 630 33 7
Mcqueen High School High Regular 1,828 83 10

Winnemucca Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 33
7
GreatSchools Rating

Winnemucca Elementary School

  • Education Level: Middle
  • # of students: 630
  • # of teachers: 33
7
GreatSchools Rating

Mcqueen High School

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

$346,410$423,390$384,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,420
Property Tax -$174
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$180

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.

$384,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 10.01%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,360

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
  • $1,596

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6954$1,8505$2,020
$2,020
RENT COMPS ANALYSIS
  • 5809 Lindsay Reno, 1
    • 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,361 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1065 Backer Way Reno, 2
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1990
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.21
    •  
  • 2266 Sapphire Ridge Reno, 3
    • 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,520 Sqft ∙ Built 2002
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.12
    •  
  • 6374 Park Place Reno, 4
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1995
    property image
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.15
    •  
  • 1790 Terrace Heights Lane Reno, 5
    • 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.21
    •  
PROPERTY LISTING DETAILS
Heath Montgomery
Keller Williams Realty Sparks
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011405
Last Updated: 08/22/2020
BESbswy