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6055 Diplomat Drive Reno, NV 89523

4 Beds 3 Baths 1,560 sqft Built 1986

$414,995

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $266.02
  • 8 Days on Market
  • MLS # : 200015876
  • Updated Date : 11/20/2020 at 06:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,560 sqft
  • Baths : 3 full
Listing Agent

New Dimensions, Inc.

Listing Agent's Description

Wonderful two story home in the Northwest. The floor plan features three bedrooms and two baths upstairs, one bed and full bath downstairs. Closets in three bedrooms have mirrored sliding doors. The backyard features beds for gardening and covered patio with redwood deck, automatic sprinklers, mature landscaping. Master bath has large walk-in shower, walk-in closet and double sinks. Two car garage has cabinets and work bench. THIS IS A MUST SEE!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mae Anne Avenue

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340kPrice in $142k347k

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

Neighborhood: Mae Anne Avenue

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q2110012001300140015001600170018001900Rent in $10351912

* 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
 

$373,496$456,495$414,995

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,531
Property Tax -$469
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$310

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.

$414,995

PROJECTED PRICE

$1,870

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.70%
Appreciation Year (1-5) 14.4%
Maintenance Year (1-5) 8.00%
Vacancy 4.04%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,724

INVESTMENT

$115,724

Down Payment
$103,749
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,749
Loan Amount $311,246
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,117

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
  • $1,837

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,8504$2,0205$2,100
$2,100
RENT COMPS ANALYSIS
  • 6055 Diplomat Drive Reno, NV 1
    • 4 beds 3 baths ∙ 1,560 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,560 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1065 Backer Way Reno, NV 2
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1990
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.21
    •  
  • 6374 Park Place Reno, NV 3
    • 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 1995
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.15
    •  
  • 1790 Terrace Heights Lane Reno, NV 4
    • 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 1988
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.21
    •  
  • 6541 Breckenridge Reno, NV 5
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 1994
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
PROPERTY LISTING DETAILS
Jon Lundahl
New Dimensions, Inc.
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 200015876
Last Updated: 11/20/2020
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