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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $226.04
- 8 Days on Market
- MLS # : 200017026
- Updated Date : 12/24/2020 at 14:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,035 sqft
- Baths : 3 full
Listing Agent
Elite Residential Real Estate
Listing Agent's Description
Fabulous opportunity to experience spacious living in the desirable Northwest. This home offers 4 bedrooms, 3 baths, open great room, loft area and a spacious kitchen. Full bath, bedroom, kitchen, great room, laundry and dining area conveniently located on one level. Large loft and Master suite on upper level, and two bedrooms and a full bath downstairs. New paint, New carpet in bedrooms and New laminate vinyl plank throughout.
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PRICE & RENT TRENDS
Neighborhood: Highland Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$772 | |
| Property Insurance | -$70 | |
| HOA | -$96 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$415
|
||
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.
$460,000
PROJECTED PRICE
$2,340
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.70% |
| Appreciation Year (1-5) | 10.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.04% |
| 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
$127,650
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
1.08
YEARS SAVED
$2,446
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,452
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/05/20- Rent
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- $2,095
- $1.19
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6541 Breckenridge Reno, NV 3
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LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,100
- $1.14
-
2340 Blue Canyon Ct Reno, NV 4
- 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2004
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LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,200
- $1.25
-
1609 Clover Hill Trail Reno, NV 5
- 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2005
![property image]()
LEASED 06/30/19- Rent
- Rent Per SQFT
- $2,300
- $1.24
PROPERTY LISTING DETAILS
Elite Residential Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 200017026
Last Updated: 12/24/2020
