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6089 Stonecreek Drive Reno, NV 89511

4 Beds 3 Baths 2,249 sqft Built 1989

$575,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $255.67
  • 4 Days on Market
  • MLS # : 210002712
  • Updated Date : 03/05/2021 at 01:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,249 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dickson Realty - Downtown

Listing Agent's Description

Incredibly charming home in an incredible central location. Ideal layout with multiple living areas, providing flexible spaces for home offices and zoom rooms. Newly refinished and recently installed 6" pine hardwood flooring throughout. Recently updated interior paint and lighting fixtures. The owners love sitting next to the fireplace, and spending time on the covered patio in the lush and tranquil back yard. Priced below recent sale of same floor plan and ready to sell! Agents please see private remarks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lewis Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380k400k420k440kPrice in $153k442k

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

Neighborhood: Lewis Lakeside

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
Pine Middle School Middle Magnet 1,022 43 NA
Galena High School High Regular 1,345 8
Pine Middle School Middle Unknown NA

Pine Middle School

  • Education Level: Middle
  • # of students: 1,022
  • # of teachers: 43
NA
GreatSchools Rating

Galena High School

  • Education Level: High
  • # of students: 1,345
  • # of teachers:
8
GreatSchools Rating

Pine Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,997
Property Tax -$736
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
-$587

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.

$575,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 7.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,654

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
  • $2,534

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1403$2,2004$2,450
$2,450
RENT COMPS ANALYSIS
  • 6089 Stonecreek Drive Reno, NV 1
    • 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,249 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1310 Waterloo Drive Reno, NV 2
    • 3 beds 4 baths ∙ 1,924 Sqft ∙ Built 2005 3 beds 4 baths ∙ 1,924 Sqft ∙ Built 2005
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.11
    •  
  • 860 Meadow Springs Reno, NV 3
    • 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,904 Sqft ∙ Built 1975
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.16
    •  
  • 2240 Saddle Ridge Ct. Reno, NV 4
    • 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,207 Sqft ∙ Built 1984
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.11
    •  
PROPERTY LISTING DETAILS
Christopher Galli
Dickson Realty - Downtown
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002712
Last Updated: 03/05/2021
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