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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $246.71
- 6 Days on Market
- MLS # : 210001254
- Updated Date : 02/03/2021 at 18:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,128 sqft
- Baths : 3 full
Listing Agent
Ferrari-lund R.e. Sparks
Listing Agent's Description
Must see home with fabulous mountain views! This split level home is warm and inviting. Offers 4 bedrooms, 3 full bathrooms, gorgeous newly tiled floors on the main level, and fun updates throughout. The lower bedroom makes an excellent spot for guests, home schooling, or home office. Enjoy a cozy fire and wet bar in the family room, entertain in the large living room with vaulted ceilings, or hang out on your very own private deck and enjoy the magnificent views.
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PRICE & RENT TRENDS
Neighborhood: Northgate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northgate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$601 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$406
|
||
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.
$525,000
PROJECTED PRICE
$2,210
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.04% |
| Appreciation Year (1-5) | 9.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 4.52% |
| 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
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
1.67
YEARS SAVED
$5,179
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
-
$2,163
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
6350 Fairhaven Pl. Reno, NV 1
- 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5247 Simons Drive Reno, NV 2
- 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 1990
LEASED 10/31/19- Rent
- Rent Per SQFT
- $1,825
- $0.95
-
6541 Breckenridge Reno, NV 3
- 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
-
1545 Grandpoint Way Reno, NV 4
- 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,287 Sqft ∙ Built 1989
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,200
- $0.96
PROPERTY LISTING DETAILS
Ferrari-lund R.e. Sparks
1.866.250.5610
Mynd Property Management
1453579
MLS #: 210001254
Last Updated: 02/03/2021
