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6011 Clear Creek Dr Reno, NV 89502

4 Beds 2 Baths 2,083 sqft Built 1997

$645,000

List Price

$2,760

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $309.65
  • 6 Days on Market
  • MLS # : 210000090
  • Updated Date : 01/10/2021 at 06:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,083 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals-sparks

Listing Agent's Description

This Hidden Valley Gem offers 4 bedrooms 2 baths and 3 car garage with a potential RV parking/access. The side yard can be cleared of shrubs and trees to make room for the RV parking. There is also approximately 12' of clearance on the side backyard to accommodate parking, you just need to add a double gate. The home is currently being emptied out of family personal belongings so it is a great time to jump on this home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hidden Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450k500kPrice in $153k524k

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

Neighborhood: Hidden Canyon

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200230024002500Rent in $11802584

* 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
 

$580,500$709,500$645,000

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$2,240
Property Tax -$860
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$531

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.

$645,000

PROJECTED PRICE

$2,760

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.6%
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$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,737

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
  • $3,000

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,495
$2,495
RENT COMPS ANALYSIS
  • 6011 Clear Creek Dr Reno, NV 1
    • 4 beds 2 baths ∙ 2,083 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,083 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3150 Eaglewood Reno, NV 2
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1991
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.44
    •  
PROPERTY LISTING DETAILS
Anita Spencer
Re/max Professionals-sparks
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210000090
Last Updated: 01/10/2021
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