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6465 Meadow Hill Drive Reno, NV 89519

4 Beds 3 Baths 2,129 sqft Built 1978

$529,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $248.47
  • 3 Days on Market
  • MLS # : 210002841
  • Updated Date : 03/07/2021 at 05:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,129 sqft
  • Baths : 3 full
Listing Agent

Chase International-damonte

Listing Agent's Description

Great opportunity to acquire a home in the highly desired Meadowridge community. Live in a park-like environment with beautiful walking paths and serene common areas with a pond. Private front porch area with large large wood deck and storage shed. Four bedrooms with three full baths. One good size bedroom with ensuite full bath on the main level, perfect for guests. Vaulted ceilings in the living room and three bedrooms.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meadowridge

NeighborhoodNIR Market*CityMarket2010Year20002019200k250k300k350k400k450kPrice in $153k488k

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

Neighborhood: Meadowridge

NeighborhoodNIR Market*CityMarket2015Year2009 Q42019 Q212001300140015001600170018001900200021002200Rent in $11802277

* 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
Swope Middle School Middle Magnet 704 24 NA
Reno High School High Regular 1,668 71 10
Pine Middle School Middle Unknown NA

Swope Middle School

  • Education Level: Middle
  • # of students: 704
  • # of teachers: 24
NA
GreatSchools Rating

Reno High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 71
10
GreatSchools Rating

Pine Middle School

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

$476,100$581,900$529,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,837
Property Tax -$613
Property Insurance -$72
HOA -$240
Property Management Fees -$119
CASH FLOW
-$652

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.

$529,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.04%
Appreciation Year (1-5) 8.9%
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

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$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$201

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
  • $1,969

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,800
$1,800
RENT COMPS ANALYSIS
  • 6465 Meadow Hill Drive Reno, NV 1
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 975 Bejay Pl. Reno, NV 2
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1965
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 7531 Whimbleton Reno, NV 3
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 1987
    property image
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
PROPERTY LISTING DETAILS
Linda Nordblad
Chase International-damonte
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002841
Last Updated: 03/07/2021
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