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5885 W Brookdale Reno, NV 89523

3 Beds 2 Baths 1,488 sqft Built 1997

INVESTimate

$429,000

List Price

$1,670

$1,503 - $1,837

Rent Est.

$467,610  ( +9.00%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $288.31
  • 9 Days on Market
  • MLS # : 200011421
  • Updated Date : 08/20/2020 at 23:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,488 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals-sparks

Listing Agent's Description

Great curb appeal greets you with this conveniently located NW Reno home. Crisp and clean exterior was painted in 2017. Enter to the formal living and dining room great for entertaining or maybe a pool table. New water resistant, scratch resistant wood laminate flooring flows through the formal area, into the separate family room, kitchen, and hallway. The spacious kitchen is loaded with cabinet space, newer stainless steel stove and dishwasher, and a center island with a gorgeous, custom concrete counter

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
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,503$1,837$1,670

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

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 $1,670
EXPENSES Loan Payment -$1,583
Property Tax -$228
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$318

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.

$429,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.39%

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$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,962

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
  • $1,685

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6954$1,8005$1,950
$1,950
RENT COMPS ANALYSIS
  • 5885 W Brookdale Reno, 1
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3949 Kings Row Reno, 2
    • 3 beds 3 baths ∙ 1,471 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,471 Sqft ∙ Built 1984
    property image
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.08
    •  
  • 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
    •  
  • 3000 Fairlands Drive Reno, 4
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1997
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
  • 3282 Pleasant Hills Drive Reno, 5
    • 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,613 Sqft ∙ Built 1998
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.21
    •  
PROPERTY LISTING DETAILS
Sandra Gabrielli
1.775.772.8097
Re/max Professionals-sparks
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200011421
Last Updated: 08/20/2020
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